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2011 House Bill 4602: Revise commercial rental property assessment occupancy formula
Introduced by Rep. Rudy Hobbs D-Lathrup Village on April 28, 2011
To eliminate a cap on the maximum amount that tax assessors can raise the assessment of rental property due to a higher occupancy rate, if the assessment had been previously lowered as a result of a lower occupancy rate. A 2002 Supreme Court ruling (WPW vs. Troy) held that raising these assessments faster than inflation violates the Constitutional tax cap put in place by Proposal A in 1994, which limits assessment increases to five percent or the rate of inflation, whichever is less.   Official Text and Analysis.
Referred to the House Tax Policy Committee on April 28, 2011
Reported in the House on September 14, 2011
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on October 13, 2011
The substitute passed by voice vote in the House on October 13, 2011