What does the "General Property Tax Act" govern?

The "General Property Tax Act" specifically governs the assessment and collection of property taxes in Michigan. This act establishes guidelines for how property values are determined, how properties are assessed for taxation, and the processes involved in collecting those taxes. It is essential for municipalities and local governments, as it provides the legal framework necessary for funding public services through property taxes.

The act ensures that property taxes are administered fairly and uniformly, laying out the roles and responsibilities of assessors, as well as the rights of property owners regarding assessments and appeals. By understanding the scope of the General Property Tax Act, individuals and entities can better navigate the property tax system in Michigan and ensure compliance with state laws.

Other options pertain to unrelated subject areas, which makes them not accurate in the context of what the General Property Tax Act covers. This focus on property taxation is crucial for anyone involved in real estate or public administration in Michigan.