What does MGPTA Section 211.1 state regarding property taxation?

MGPTA Section 211.1 clearly establishes that all property is subject to taxation unless it has been specifically exempted. This means that unless there is a legal provision that states a particular type of property or ownership is not liable for taxes, it will generally be assessed and taxed. This principle ensures a broad base for taxation, allowing municipalities and local governments to generate revenue necessary for public services and infrastructure.

The notion of exemptions typically pertains to various categories such as certain government properties, non-profit organizations, or specific types of personal property. However, these exemptions are exceptions to the rule set forth in Section 211.1 that all property is subject to taxation, reinforcing the importance of understanding which properties might fall under exemptions and why. This foundational concept aids in ensuring a fair and equitable property tax system.