Michigan Compiled Laws Complete Through PA 14 of 2025
MCL Complete Through PA 14 of 2025
Senate adjourned until Tuesday, October 14, 2025 10:00 AM
Senate adjourned until 10/14/25 10:00 AM
House adjourned until Thursday, October 9, 2025 12:00 PM
House adjourned until 10/9/25 12:00 PM
Document - Section 211.27
Document
HTML Version
PDF Version
Section 211.27
"True cash value" defined; considerations in determining value; indicating exclusions from true cash value on assessment roll; subsection (2) applicable only to residential property; repairs considered normal repairs, replacement, and maintenance; exclusions from real estate sales data; classification as agricultural real property; "present economic income" defined; applicability of subsection (5); "nonprofit cooperative housing corporation" defined; value of transferred property; "purchase price" defined; additional definitions; "standard tool" defined.