Property tax: assessments; sales of certain deed-restricted properties; prohibit the use of as comparable sales for assessment purposes in certain circumstances. Amends sec. 27 of 1893 PA 206 (MCL 211.27).

This bill amends Michigan's property tax laws to prevent assessors from using certain sales as benchmarks for calculating property values. It specifically instructs tax officials to exclude transactions involving properties with deed restrictions that limit their sale or transfer from being used in sales studies. Additionally, the legislation clarifies that normal home repairs and maintenance, such as roof replacement or furnace installation, should not increase a home's assessed value until it is actually sold. The bill also requires buyers to inform assessors if they paid extra for items like financing costs or personal property included in the purchase price, ensuring these amounts are not counted toward the property's taxable value.