Skip to main content

Contact Information:
Edward S. Kisscorni, CPA
290 Suncrest Court, SW
Grandville, MI 49418

Office: 616/233-0667
Cell: 616/443-6730
Fax: 616/233-0667

Blog: www.EdKisscorni.com/Blog1
Email: Ed@EdKisscorni.com
 



 



 

 Blog 
Monday, July 26 2010

The Michigan Tax Tribunal has started to send out notices to property owners who had filed classification appeals.  There are approximately 10,000 of such appeals.  It is very important for property owners to respoind in a timely manner to the notices.

What has happened is tied to the enactment of the personal property tax credit first for SBT and now in the MBT at 35%.  The amount of the credit is significant (35%) but is applicable for personal property located on a parcel classified as industrial. 

The problem is inaccuracies in the classification of property.  Because the credit is not available to property classified as "commercial", many taxpayers (10,000) filed appeals with their local assessor and the local Board of Review and finally the State Tax Commission.  Michigan law invests with the State Tax Commission the authority to rule on classification appeals and provides that their determination is final and the property owners cannot appeal to the Michigan Tax Tribunal.  However, the Department of treasury can appeal a determination of the State Commission.

Because of the enormous number of appeals and the significance of the classification to the property owner, the State Tax Commission sent the appeals to the Michigan Tax Tribunal earlier this year.  The Tax Tribunal has recently started to process the appeals. 

 

Posted by: Ed kisscorni AT 10:26 am   |  Permalink   |  0 Comments  |  Email
Comments:

Post comment
Name
 *
Email Address

Message
(max 750 characters)
*
* Required Fields
Note: All comments are subject to approval. Your comment will not appear until it has been approved.

 

Design Your Own Website, Today!
iBuilt Design Software
Give it a try for Free