Mich. Comp. Laws § 211.1 : TAXATION OF REAL AND PERSONAL PROPERTY —THE GENERAL PROPERTY TAX ACT — [GENERAL] — Property subject to taxation

That all property, real and personal, within the jurisdiction of this state, not expressly exempted, shall be subject to taxation.

MCL 211.1

1893, Act 206, Eff. 6/12/1893 ;--CL 1897, 3824 ;--CL 1915, 3995 ;--CL 1929, 3389 ;--CL 1948, 211.1.