Mich. Admin. Code R. 209.115

Current through Vol. 24-19, November 1, 2024

Section R. 209.115 - Rating of assessing units

Rule 115. An assessing unit shall be rated as to the level of certification that is required to assess or equalize the entire unit. An individual may qualify at a level higher than the level assigned to his or her unit. Ratings are subject to review and revision on an annual basis. Factors to be considered by the commission include, but are not limited to, the following:

(a) Total state equalized value.

(b) Percentage of value for all commercial and industrial properties.

(c) Assistance given the local unit by the equalization department or state tax commission on special properties.

(d) The equivalent state equalized value of property taxed pursuant to 1974 PA 198, MCL 207.551, and 1978 PA 255, MCL 207.651.

(e) The number of residential and agricultural parcels in the local unit.

Mich. Admin. Code R. 209.115

2010 AACS