Property tax: tax tribunal; certain tribunal determinations in assessment disputes as to the valuation of property; require. Amends 1973 PA 186 (MCL 205.701 - 205.779) by adding sec. 38.

This bill requires Michigan's property tax tribunal to issue detailed, independent written explanations when deciding disputes over property valuations. Under the new rules, the tribunal must separately analyze market conditions, the property's highest and best use, construction costs, and comparable sales data before determining a value. The legislation also mandates that the tribunal explain its reasoning for accepting or rejecting specific valuation methods and stipulations from the parties involved. By enforcing these transparency measures, the bill aims to ensure that property tax assessments are based on verified evidence and clearly articulated legal findings.