Tax reverted property definition

Tax reverted property means that term as defined in the land bank fast track act.
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Tax reverted property means property that meets 1 or more of the following criteria:
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Tax reverted property means property the title to which has vested in a local unit of government pursuant to the general property tax act as a result of the nonpayment of delinquent taxes and nonredemption within the statutory period provided under the general property tax act.
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More Definitions of Tax reverted property

Tax reverted property means that term as defined under Section 3(q) of the Land Bank Fast Track Act, 2003 PA 258, MCL 124.753(3)(q).
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Related to Tax reverted property

  • Affected Property means all real property at the Site and any other real property where EPA determines, at any time, that access or, land, water, or other resource use restrictions, and/or Institutional Controls are needed to implement the removal action, including, but not limited to, the following properties [insert property descriptions].

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);