LAKE FOREST PARTNERS 2, INC. v. TREASURY DEPT.

Docket No. 257417.

720 N.W.2d 770 (2006)

271 Mich. App. 244

LAKE FOREST PARTNERS 2, INC., Petitioner-Appellant, v. DEPARTMENT OF TREASURY, Respondent-Appellee.

Court of Appeals of Michigan.

Decided June 6, 2006, at 9:05 a.m.

Released for Publication August 31, 2006.


Attorney(s) appearing for the Case

Stefan B. Herpel, P.C. (by Stefan B. Herpel), Ann Arbor, for the petitioner.

Michael A. Cox, Attorney General, Thomas L. Casey, Solicitor General, and Roland Hwang, Assistant Attorney General, for the respondent.

McClelland & Anderson, L.L.P. (by Gregory L. McClelland and Melissa A. Hagen), Lansing, for the Michigan Association of Home Builders.

Honigman Miller Schwartz and Cohn LLP (by Alan M. Valade and Regis A. Carozza), Detroit, for Wexford Builders, Inc.

Before: WILDER, P.J., and ZAHRA and DAVIS, JJ.


ZAHRA, J.

Petitioner appeals as of right the judgment of Tax Tribunal affirming respondent's assessment under the State Real Estate Transfer Tax Act (SRETTA), MCL 207.521 et seq. This case addresses the propriety of assessments under the SRETTA for purchase agreements that include both the sale of unimproved property and an executory contract to build a home on that property. We conclude that the value of the property for purposes of assessment of the state...

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