Mich. Comp. Laws § 750.75

Sec. 75. (1) Except as provided in sections 72, 73, and 74, a person who does any of the following is guilty of fourth degree arson: (a) Willfully and maliciously burns, damages, or destroys by fire or explosive any of the following or its contents: (i) Any personal property having a value of $1,000.00 or more, but less than $20,000.00. (ii) Any personal property having a value of $200.00 or more if the person has 1 or more prior convictions. (b) Willfully or negligently sets fire to a woods, prairie, or grounds of another person or permits fire to pass from his or her own woods, prairie, or grounds to another person's property causing damage or destruction to that other property. (2) Subsection (1)(a) applies regardless of whether the person owns the personal property. (3) Fourth degree arson is a felony punishable by imprisonment for not more than 5 years or a fine of not more than $10,000.00 or 3 times the value of the property damaged or destroyed, whichever is greater, or both imprisonment and a fine.