Michigan HJRT: Property tax: assessments; uncapping of taxable value for certain transfers of property owned and used as a principal residence; eliminate. Amends sec. 3, art. IX of the state constitution. TIE BAR WITH: HJR T'26

What the bill says

A joint resolution proposing an amendment to the state constitution of 1963, by amending section 3 of article IX, to limit the amount by which the taxable value of property owned and used as a principal residence may increase upon the transfer of that property. Resolved by the Senate and House of Representatives of the state of Michigan, That the following amendment to the state constitution of 1963, to limit the amount by which the taxable value of property owned and used as a principal residence may increase upon the transfer of that property, is proposed, agreed to, and submitted to the peo.

From the introduced text, April 22, 2026:

A joint resolution proposing an amendment to the state constitution of 1963, by amending section 3 of article IX, to limit the amount by which the taxable value of property owned and used as a principal residence may increase upon the transfer of that property. Resolved by the Senate and House of Representatives of the state of Michigan, That the following amendment to the state constitution of 1963, to limit the amount by which the taxable value of property owned and used as a principal residence may increase upon the transfer of that property, is proposed, agreed to, and submitted to the people of the state: article IX Sec. 3. (1) The legislature shall provide for the uniform general ad valorem taxation of real and tangible personal property not exempt by law except for taxes levied for school operating purposes. The legislature shall provide for the determination of true cash value of such property; the proportion of true cash value at which such property shall be uniformly assessed, which shall not, after January 1, 1966, exceed 50 percent; and for a system of equalization of assessments. For taxes levied in 1995 and each year thereafter, the legislature shall provide that the taxable value of each parcel of property, adjusted for additions and losses, shall not increase each year by more …

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