A Property Tax Tug-Of-War

A Property Tax Tug-Of-War

July 12th, 2022
Contributor: LeClair L. Flaherty
Retaining a principal residence exemption (“PRE”) can sometimes be tricky. (The PRE exempts a homeowner’s principal residence from property taxes levied for school operating expenses.) Naturally, the tax assessor wants to collect every tax doll… Read More
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Categories: Blog, LeClair L. Flaherty, Now You Know It, Property Tax Appeals, Real Estate
A New Way to Prevent Prop…

A New Way to Prevent Property Tax Uncapping

January 28th, 2014
Since 1995, the amount by which Michigan real property taxes can increase each year has been capped at the lesser of five percent or the rate of inflation. This cap on property taxes comes off, however, whenever there is a “transfer of ownership.… Read More
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Categories: Blog, Buying and Selling Real Estate, LeClair L. Flaherty, Now You Know It, Property Tax Appeals, Real Estate