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Committee receives resolution urging disclosure of potential tax increases tied to uncapping
Summary
Commissioner Baker McCormack presented a resolution requesting mandatory disclosure to prospective buyers that property taxes may rise after ownership transfer under Michigan's proposed uncapping rules; the committee received the item and will take action at its next meeting after additional information about tax abatements and community benefits is gathered.
The Ways and Means committee received a resolution by Commissioner Baker McCormack supporting mandatory disclosure that prospective buyers may face higher property taxes after a transfer of ownership if Michigan’s proposed uncapping provisions apply. Commissioners…
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