{"data":{"id":"us-mi/mich.-comp.-laws-487.11107","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.11107","heading":"Tax exemptions.","body":"Sec. 1107.\n\nAll mortgages or other securities held by banks are exempt from all municipal or other taxes under the laws of this state, and all personal property owned by banks is exempt from taxation.","path":["MI Code","Chapter 487","Act Act-276-of-1999"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-11107","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"78e7248a53d7222711af4652bbd72f79fc89265595e8efa4f0cd74763faad64d","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.11106","next":"us-mi/mich.-comp.-laws-487.11201"},"notice":"GroundRules: Original legal text. Not legal advice."}