GOOD NEWS SB 0540 (2017) – WRITE YOUR SENATORS

Good news!  Yesterday, Senate Bill 0540 (2017) was introduced by Senator Tonya Schuitmaker, and the Bill has been referred to the Committee on Local Government.  Senate Bill 0540 updates the statutory definition of a “transfer of ownership” for … [Read more...]

APOLOGY-LATEST EMAIL UPDATE

Our sincere apologies to our subscribers who received an email last Friday with an outdated blog post from our website.  Our blog uses a computer program to send out news items to subscribers, and that program was automatically activated last week, … [Read more...]

A Sad Story From a Client – A Lake House Lost…

One of our clients, Joe, told us the sad story of how his friend’s family lost their lake house recently.  The family raised their children at the wife’s parents' lake house.  The wife’s brother was managing mom's affairs after her father passed … [Read more...]

Incorrect 2017 Notice of Assessment?

Notices of Assessment need to be sent by Townships to homeowners by March 1.  PLEASE NOTE, if you believe that your taxable and/or assessed value is incorrect, you may protest to the Local Board of Review, but you have a VERY limited time in which to … [Read more...]

MI Uncapping Laws-Legislative Update January, 2017

The subject of property taxes on Michigan real estate, particularly vacation property, has received a great deal of attention lately.  Because of recent changes in the property tax system in Michigan, it is now possible to transfer ownership of … [Read more...]

CLIENTS–NEW PROPOSED LEGISLATION ON UNCAPPING-ACTION NEEDED!

Cottage Law Clients and Friends: Many of you have contacted me in the past and expressed interest in any new or potentially new legislation in Michigan regarding “uncapping” of property values for property tax purposes.  As many of you know, the … [Read more...]

PUBLIC ACT 310 NOW EFFECTIVE!

PUBLIC ACT 310 NOW EFFECTIVE! Public Act 310 of 2014 (HB 5552) was passed and signed by Governor Snyder in October, 2014. This new law created another exemption from the “uncapping” of property values for property tax purposes on transfers of … [Read more...]

PUBLIC ACT 497 NOW EFFECTIVE!

Public Act (PA) 497 was passed and signed by Governor Snyder in December, 2012, and created an exemption from “uncapping” of property values for property tax purposes on transfers of ownership of residential property (including vacation property) if … [Read more...]

UPDATE ON PUBLIC ACT 497 OF 2012-UNCAPPING TRANSFERS OF PROPERTY

On December 16, 2013, the Michigan State Tax Commission issued Bulletin 23 which deals with transfers of ownership of real property and the impact on taxes assessed on transferred property.  The State Tax Commission is a 3 member agency appointed by … [Read more...]

Public Act 497 of 2012 – Transfer of Ownership Update on Real Property Taxes in Michigan

On December 28, 2012, Michigan Governor Richard Snyder signed new legislation which will have a significant impact on the way Michigan residential property (including vacation property) is assessed for property taxes [Public Act (“P.A.”) 497].  This … [Read more...]