THE MICHIGAN COURT OF APPEALS FINDS THAT THE TRANSFER OF A BUSINESS ENTITY RESULTS IN PROPERTY-TAX UNCAPPING DESPITE UNDERLYING RELATED PARTIES
On July 20, 2023, the Michigan Court of Appeals issued an important decision regarding the conflict between an exemption to property tax uncapping for close family members and the required uncapping when the majority of the ownership of a business entity is conveyed. In Jeff Properties, LLC v City of…