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HB4014
HB4014: Property Tax Assessment Changes for Certain Transfers
Last scannedAug 24, 2026, 10:53 AM
In one sentence
This proposed law would change property tax rules to exempt certain transfers of real estate from the usual increase in taxable value.
What it does
- Amends section 27a of the General Property Tax Act (MCL 211.27a).
- Exempts specific transfers of ownership between individuals and property types from uncapping the taxable value.
Who it affects
- Certain individuals receiving or buying certain real property.
- Local governments that assess property taxes on these properties.
Limits and unknowns
- The official text does not define which specific individuals qualify for the exemption.
- The official text does not specify which types of real property are included in this rule.
- This bill has only been referred to a committee and is not yet law, so it has no effective date.
Official record
Sources
Official summary
Property tax: assessments; transfer of ownership of certain real property to certain individuals; exempt from uncapping of taxable value upon transfer. Amends sec. 27a of 1893 PA 206 (MCL 211.27a).
Official activity
Bill history
- REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION