§ 9.1. Power, limitation, and subjects of taxation:

Latest version.

The City shall have the power to assess taxes and to levy and collect taxes, rents, tolls, and excises, as authorized by law. Any income tax must first be approved by a majority vote of the electors of the City voting on the proposition. The subject of taxation for municipal purposes shall be the same as for state, county, and school purposes under the general law.

The levy of taxes for municipal purposes in any year shall not exceed one and one-quarter (1¼) percent (12.5 mills) of the state equalized value of all real and personal property in the City, unless the proposition to approve an increase above the tax rate as so limited is first approved by a majority vote of all the electors of the City voting on the proposition. No exemptions from taxation shall be allowed except as expressly required or permitted by law.

State law reference

Mandatory that Charter provide for annual levy and collection of tax, MCL 117.3(g), MSA 5.2073, (g); tax exemptions, MCL 211.7 et seq., MSA 7.7 et seq.

                    
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