Instructions For Form L-4025 (And L-4025 Sev)

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855 (Rev. 1-03)
S
M
T A T E O F
I C H I G A N
DEPARTMENT OF TREASURY
JENNIFER M. GRANHOLM
JAY B. RISING
L
G
S
T
A N S I N G
OVERNOR
TATE
REASURER
DATE:
March 1, 2005
TO:
County Equalization Directors
FROM:
Harold Anderson, Manager
Local Assessment Review Section
RE:
2005 STATE TAX COMMISSION FORMS L-4025, L-4025 SEV, L-4028, L-4028IC
Copies of the 2005 STC forms L-4025, L-4025 SEV, L-4028, & L-4028IC are available on the Treasury
Department Web site by clicking on the form number. The information on these completed forms is
necessary to calculate the 2005 millage rollback fraction under Michigan Compiled Law (MCL) 211.34d
("Headlee").
This memo is being sent electronically to everyone who receives bulletins. Please print off a supply of
forms L-4025 for all assessment units in y our county which may not receive bulletins electronically.
Please distribute the forms to the certified assessor of each assessing unit so that you will obtain the
required report from all the units.
It is important to note the special instructions starting on page 7 regarding the calculation of the
"Headlee" and "Truth In Taxation" rollbacks for the NON-HOMESTEAD AND NON-QUALIFIED
AGRICULTURAL group of properties for local school districts.
NOTE:
While the term Homestead Exemption has been changed to Homeowner’s
Principal Residence Exemption, the term Non-Homestead will continue to be used rather
than using the term Non-Homeowner’s Principal Residence.
A bulletin regarding the 2005 millage rollback procedures for MCL 211.34d (Headlee) rollback fractions,
Truth in Taxation rollbacks under MCL 211.24e, Truth in Assessment under MCL 211.34, Truth in
County Equalization under MCL 211.34, and the "Counties only" rollbacks based on the convention
facilities and cigarette tax collections will be forwarded to you as soon as it is available. That bulletin
will include forms L-4034 and L-4029.
Note: The State Tax Commission has certified the inflation rate multiplier to be used for 2005
"Headlee" calculations as 1.023.
Copies of completed STC forms L-4028 and L-4028IC are required to be submitted to the
State Tax Commission. Copies of STC forms L-4025 & L-4025 SEV should be kept on file
in your office.
IMPORTANT NOTE: Please also see STC Bulletin 19 of 2002 for information regarding a new system
for determining ADDITIONS and LOSSES used in the calculation of the "Headlee" Millage Rollback and
the Truth in Taxation Rollback for Personal Property. This new system is MANDATORY IN 2005.
P.O BOX 30471 • L A N S I N G , M I C H I G A N 48909- 7 9 7 1
w w w . m ichigan.gov/treasury • (517) 373- 0 5 0 0

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