Examples of Commercial personal property in a sentence
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.
Commercial personal property is assessed at 10.5%, while commercial real property is assessed at 6%.
Commercial personal property is exempted from 12 mills of the 18-mill local operating millage.
Personal property of mining companies.P.O BOX 30471 • LANSING, MICHIGAN 48909-7971 www.michigan.gov/statetaxcommission • (517) 335-3429 Commercial personal property is defined in MCL 211.34c as:(i) All equipment, furniture, and fixtures on commercial parcels, and inventories not exempt by law.(ii) All outdoor advertising signs and billboards.
Property Taxes Levied for General Operations The District levies 18.0 mills of property taxes on non principal residence exemption properties and6.0 mills on Commercial personal property for operations (General Fund).