The Michigan State Tax Commission Feb. 25 issued a bulletin providing guidance to assessors and equalization directors on millage requests and rollbacks for 2025. The bulletin covers calculations and procedures for the Headlee millage reduction fraction, Truth in Assessing/Equalization rollbacks, Truth in Taxation notices, and treatment of renaissance zones and eligible personal property exemptions. Since its 2024 iteration, the Commission updated the inflation rate multiplier from 1.051 to 1.031 percent—for 2025. [Mich. State Tax Comm’n, Bull. No. 2025-2, 02/25/25]
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