CAMA DATA STANDARDS - Michigan
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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Accounting for General Capital Assets and Capital Projects
www.mccc.eduTax-supported bonds Grants from other governmental units (e.g., federal or state grants) Transfers from other funds Gifts from individuals or organizations Special assessment bonds or taxes Capital leases Special development districts (e.g., tax increment financing, transportation development districts) Typical Financing Sources