Commercial personal property definition

Commercial personal property means personal property that is classified as commercial personal property under section 34c or would be classified as commercial personal property under section 34c if not exempt from the collection of taxes under this act under this section or section 9m or 9n.
Commercial personal property means property classified as commercial personal property under section 34c of the general property tax act, 1893 PA 206, MCL 211.34c.
Commercial personal property means, except as otherwise provided in subparagraph (iii), all of the following:

Examples of Commercial personal property in a sentence

  • Commercial personal property is assessed at 10.5%, while commercial real property is assessed at 6%.


More Definitions of Commercial personal property

Commercial personal property means personal property that is classified as commercial personal property under section 34c or would be classified as commercial personal property under section 34c if not
Commercial personal property means personal property classified as commercial personal property under section 34c.
Commercial personal property means, except as otherwise
Commercial personal property means personal property
Commercial personal property means all property, other than real property and real property improvements, which is used for the production of income.
Commercial personal property means personal property classified as commercial personal property under section 34c of the General Property Tax Act, 1893 PA 206, MCL 211.34c and personal property subject to the industrial facilities tax under section 14(1) or (4) of 1974 PA 198, MCL 207.564, that is sited on land classified as commercial real property under section 34c of the General Property Tax Act, 1893 PA 206, MCL 211.34c. Commercial personal property does not include personal property that after 2012 was classified in the municipality where it is currently located as real property or utility personal property (MCL 123.1345(e)).
Commercial personal property means property classified