City of Mt Pleasant v. State Tax Commission

We granted leave to appeal in this case to determine whether MCL 211.7m exempts property from taxation on the basis that it is “used for public purposes” when a city acquires property and implements a plan to use the property for economic development purposes. Because the city of Mt. Pleasant used the property at issue for public purposes when it acquired and improved the land for resale for economic development, we hold that the property was exempt from taxation under MCL 211.7m. The Michigan Tax Tribunal made an error of law when it concluded otherwise; therefore, we reverse the judgment of…