Quote Originally Posted by Steve203 View Post
I have a lot of questions about Prop 1
If I built an addition on my house in 66, I would have paid taxes and fees to get it built, and I would have paid property tax on that addition ever year since. So why is it unfair for business to pay property tax, but not unfair for a homeowner?
Great perspective. So am I right in assuming that business owners cannot deprecate equipment in Michigan and pay taxes on the actual value? The 60 year old metal lathe that they keep talking about in the commercials would have more than likely outlived it's usefulness and be valued near nothing.