Transcription of CAMA DATA STANDARDS - Michigan
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CAMA DATA STANDARDS - Michigan
State Tax Commission CAMA data STANDARDS December 14, 2021 1 CAMA data STANDARDS Content List Property Class Codes Taxable Status Codes for Taxable Exempt Status Define Terms of Transfer Define Instruments of Sale Sale Verification Study Type Codes for Use with Forms L-4018R and L-4018P School District Codes Government Unit Codes 2 Property Class Codes Code Description Class Type Category 001 Retired Split / Combine Reference Real Real 002 New Split / Combine Reference Real Real 003 Reference Personal Reference Personal Personal 004 Reference Special Acts Real Reference Special Real Special Real 005 Reference Special Acts Personal Reference Special Personal Special Personal 006 Non-Assessable Permanent Reference Reference Permanent Real 101 Agricultural - Improved Agricultural Real 102 Agricultural - Vacant
The land is subject to normal ad-valorem taxation. The building's taxable value is frozen for the duration of the exemption and the building improvements are taxed only the local school operating and State Education Tax mills. The act provides a property tax exemption for commercial and commercial housing properties that are rehabilitated and
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