Michigan Laws 207.5b – Taxable value; determination
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(1) As used in this act, “taxable value” is that value determined in the same manner taxable value is determined under section 27a of the general property tax act, Act No. 206 of the Public Acts of 1893, being section 211.27a of the Michigan Compiled Laws.
(2) All property of a company subject to taxation under this act shall be considered 1 parcel in determining the taxable value of that company’s property.
Terms Used In Michigan Laws 207.5b
- property: means 1 of the following:
(a) Except as otherwise provided in subdivision (b), all property, real or personal, belonging to the persons, corporations, companies, copartnerships, and associations subject to taxation under this act, including rights-of-way, road beds, stations, cars, rolling stock, tracks, wagons, horses, office furniture, telegraph and telephone poles, wires, conduits, switchboards, all other property used in carrying on their business and owned by them respectively, all other real and personal property, and all franchises. See Michigan Laws 207.5