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...]
Property Taxes in Michigan
November 21, 2016 By Leave a Comment
One of the most significant expenses of owning and maintaining vacation property is property taxes. Michigan has a somewhat complex and often confusing system of accessing taxes. We have provided the most current information, which will explain how … [Read more...]
PUBLIC ACT 310 NOW EFFECTIVE!
October 16, 2014 By 42 Comments
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!
January 2, 2014 By 14 Comments
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
December 17, 2013 By 16 Comments
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
September 19, 2013 By Leave a Comment
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...]
State of MI LARA Notice
September 4, 2013 By Leave a Comment
All of our clients who have formed a Michigan LLC should be aware that a non-governmental entity called "Corporate Records Service" is trying to collect a $125 fee to prepare corporate records. The misleading solicitation implies that Michigan … [Read more...]
Eight Tips For Closing The Family Cottage
August 23, 2013 By 2 Comments
There is a nip in the air and a tint to the leaves. Everyone is off for one last shindig before school starts and summer is officially over. On the “to-do” list along with back-to-school shopping and ramping up for the coming holidays, many … [Read more...]
Rebuilding our Website
August 21, 2013 By Leave a Comment
It's been a wonderful summer at the cottage. The weather has been nearly perfect, skies have been blue and the breeze has been blowing. The same can not be said for our Cottage Law website. On or around August 4, 2013 a series of unforeseen events … [Read more...]
New Legislation on Michigan Property Taxes
January 4, 2013 By 36 Comments
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 … [Read more...]
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