- Associated Press - Wednesday, June 8, 2016

LANSING, Mich. (AP) - Michigan lawmakers have taken a step toward helping communities that are being forced to issue large refunds to large stores in property tax disputes.

A bill approved 97-11 by the House Wednesday would require the Michigan Tax Tribunal to determine the highest and best use of a property and ensure that comparable properties have the same use.

Large retailers have successfully persuaded the tribunal to lower the assessed value of new big box stores by factoring in vacant “dark stores.”

The bill sponsor, Republican Rep. Dave Maturen of Vicksburg, says in some cases, the assessed value of a property has been lowered to less than the cost of the land alone due to the “loophole.”

The bill next goes to the Senate for consideration, likely later this year.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide