Property tax: exemptions; exemption from state education tax for certain residential property and certain agricultural property; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 9q.

This bill proposes to exempt specific residential and agricultural properties from the state education tax starting in 2025. It would allow owners of single-family homes classified as residential real property to avoid this tax. Additionally, it would grant tax relief to owners of qualified agricultural land who live in a single-family dwelling on that land and are actively farming, provided they do not claim a principal residence exemption elsewhere. The measure requires the passage of a related bill to become effective.