What was the purpose of enacting the Michigan General Property Tax Act in 1893?

The purpose of enacting the Michigan General Property Tax Act in 1893 was to provide a comprehensive framework for the assessment and taxation of property across the state. This foundational legislation established a standardized approach to property taxation, ensuring that all property types were assessed fairly and uniformly. By creating specific guidelines and procedures for tax assessment, the act aimed to eliminate inconsistencies and confusion that might arise from varying local practices. This helped to create a more organized and predictable property tax system, which was essential for government revenue and local services.

The other options do not align with the core intent of the act. The act did not aim to exempt all property from taxation or specifically increase taxes on real estate, nor was it designed to establish tax breaks particularly for businesses. Instead, it focused on creating a balanced taxation structure that applied uniformly to different types of property, which was essential for local governments to function effectively.