update – Cottage Law Center

PUBLIC ACT 497 NOW EFFECTIVE!

January 2, 2014 By Mark E. Kellogg 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...]

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

December 17, 2013 By Mark E. Kellogg 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...]

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