{"data":{"id":"us-mi/mich.-comp.-laws-489.858","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 489.858","heading":"Tax exemptions.","body":"Sec. 458.\n\nAll mortgages or other securities held by associations, are exempt from all municipal or other taxes under the laws of this state and all personal property owned by associations is exempt from taxation.\n\nFederal savings and loan associations and their members shall be subject to the same taxation and upon the same basis as state associations and their members.","path":["MI Code","Chapter 489","Act Act-156-of-1964"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-489-858","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"6a241631f745ed2b639958057b7cf8bceccaee2422d9fabc65658d975154d34d","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-488.9","next":"us-mi/mich.-comp.-laws-48.101"},"notice":"GroundRules: Original legal text. Not legal advice."}