Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
My property tax statement has land enrolled in multiple agreements. How do I claim those agreements?
The taxable value and property taxes must be allocated to each agreement on the Schedule CR-5. The local assessor will be able to determine what the breakdown is based on the legal descriptions of the land enrolled under each agreement. This information must be submitted on official township letterhead and signed by your local assessor or the assessor can complete and sign the Assessor Worksheet. The Worksheet is available on Treasury’s Web site at www.michigan.gov/iit. If your land changes (e.g. added/removed buildings), you will need to submit a new breakdown.