The passage of Proposal 1 last week means personal property tax will being phasing out in 2016 (in addition to the small parcel exemption that went into effect this year.) League members have had a lot of questions regarding the passage of the proposal.
One main question has been the amount of reimbursement for local units. The Department of Treasury has put together a reimbursement sheet to help members calculate reimbursement. It’s available here: ppt reimbursement worksheet
We also have an updated “one-pager plus” fact sheet on our website that includes answers to some frequently asked questions. Please don’t hesitate to contact me with any questions about the legislation as well.
Samantha Harkins is the Director of State Affairs for the Michigan Municipal League. She can be reached at 517-908-0306 or email at firstname.lastname@example.org