{"data":{"id":"us-mi/mich.-comp.-laws-207.274","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 207.274","heading":"Minimum tax.","body":"Sec. 4.\n\nDuring the first year in which any property is subject to a specific tax under this act, the amount of the tax shall be not less than 75% of the ad valorem taxes levied and assessed against the property in the last year in which ad valorem taxes were levied and assessed against it; and during the second year in which the property is subject to the specific tax, the amount of tax shall be not less than 50% of the ad valorem taxes.","path":["MI Code","Chapter 207","Act Act-68-of-1963"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-207-274","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"7de60b2dae363dfe47ccb105d54832370daae79f45f2360c6506d8be993f48c8","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-207.273","next":"us-mi/mich.-comp.-laws-207.275"},"notice":"GroundRules: Original legal text. Not legal advice."}