Property tax: Headlee; calculation of Headlee rollback; modify. Amends sec. 34d of 1893 PA 206 (MCL 211.34d). TIE BAR WITH: HB 5996'26

Summary

The bill revises the definition of “additions” used in calculating taxable value for property taxes, specifying how omitted real or personal property, new construction, previously exempt property, replacement construction, environmental remediation, and public services are treated. It also excludes platting, splits, zoning changes, and post‑transfer value increases from the calculation and adds a rule for taxes levied after 2026 related to millage‑reduction calculations.

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