SMALL BUSINESS TAXPAYER EXEMPTION MCL 211.90
The small business taxpayer personal property exemption provides a complete exemption from personal property tax for industrial or commercial personal property when the combined true cash value of all industrial personal property and commercial personal property own by, leased by or in the possession of the owner or a related entity claiming the exemption is less than $80,000.00 in the local tax collecting unit and the property is not leased to or used by a person that previously owned that, directly or indirectly controls, is controlled by, or under common control with the person that previously owned the property.
Form 5076 must be filed with the local tax collecting unit no later than February 20, 2019.
After filing the 2019 tax exeption, Form 5076 the business will no longer need to file annually.
Click on link below for form.
WHERE IS HIGHLAND TOWNSHIP?
Highland Township is located in Oakland County, Michigan, an area often referred to as the “economic engine that drives the state’s economy.” Our community has a unique position as the Gateway into Oakland County from the west.
M-59 is a major east/west trunkline, providing a route from I-96 and US-23 to the west, through much of northern Oakland and southern Macomb Counties. The Township is traversed north/south by Milford Road and Hickory Ridge Road, two minor regional collector routes, serving traffic from the Village of Milford and I-96 to the south.
The State of Michigan owns nearly one-quarter of the township's land area as part of the Highland Recreation Area, attracting a wide variety of sports enthusiasts each year from throughout the region
With open spaces, rolling hills and intact woodlots amidst new residential and commercial development, it is clear that our community that continues to enjoy its rural character and farming heritage while respecting its responsibility to promote economic opportunities for its residents and business owners.
Recognizing the challenge of maintaining a balance between promoting economic vitality and retaining the sense of a rural community, the Highland Downtown Development Authority (HDDA) began in 1999 with a goal to define and promote the unique identity of Highland Township. The basic elements of this identity include:
- Highland's heritage as a rail station, beginning in 1871
- Our heritage as a farming and equestrian community
- Our commitment to preserving the abundant natural resources throughout Highland that include lakes, streams, woodlands and natural open spaces