Michigan Personal Property Tax Changes
Beginning on December 31, 2013, eligible personal property in the state of Michigan is exempt from taxation. This exemption is based upon numerous Public Acts from 2012 and 2013, however, these acts do not provide for the complete exemption of business personal property. Get more information by downloading this bulletin or visit the Michigan Department of Treasury's website. Also, find related forms below.
The Assessor is the government official responsible for establishing the value of property for tax purposes. All property within the city is valued each year as to its status on December 31. The City Assessor is responsible for evaluating your property's value and the City Treasurer is responsible for collecting your taxes.
The Assessing department consists of the City Assessor, an Office Professional I, and a contracted residential appraiser. The Assessing department is the first link in the property tax revenue chain. The Assessor's responsibility is the discovery, listing, and valuation of all properties within the assessing jurisdiction. The primary purpose of the Assessing department is to estimate the fair market value or "true cash value," of all real and personal properties located within the City of Mount Pleasant. The department studies the sales market and collects information on properties in order to estimate current market value.
The Assessing department does not create value. Rather, value is created by economic forces in the market of buyers and sellers. The Assessor studies transactions of the market and appraises all property in accordance with state law and State Tax Commission guidelines. The Assessing Department also keeps track of ownership changes, maintains maps of parcel boundaries, maintains legal descriptions for all land, and prepares sketches of all buildings and summarizes their characteristics.
- Click here to obtain assessing and tax information