Nonrecognition for Other Purposes of Increased Assessed Valuation

Act 34 of 1971, § 204, under IMPROVEMENT OF DETERIORATING REAL PROPERTY OR AREAS TAX EXEMPTION ACT.

Act 34 of 1971, § 204

Section 204. Nonrecognition for Other Purposes of Increased Assessed Valuation.--If a deteriorated property is granted tax exemption pursuant to this article, the improvement shall not during the exemption period be considered as a factor in assessing other properties.