Michigan Principal Residence Exemption

A significant part of any move, relocation, addition of 2nd home, or estate plan involves taxes; income taxes & property taxes for starters. Hence, below is a primer how to not accidentally double your property tax bill, or conversely, overpay if not need be. Definitions: Principle residence: Plan to return after ‘short absences’. Assessor will … More Michigan Principal Residence Exemption

Local large city property taxes are often far over assessed. v2017.01.24

According the Detroit News, there is a large inequity from property to property. This is true in most large cities in MI. Further, the local board of review personnel often doesn’t know how to or refuses to assist you, the taxpayer they work for, in the process. The article leaves out important details of interpretation. […]

More Local large city property taxes are often far over assessed. v2017.01.24

Local large city property taxes are often far over assessed.

According the Detroit News, there is a large inequity from property to property. This is true in most large cities in MI. Further, the local board of review personnel often doesn’t know how to or refuses to assist you, the taxpayer they work for, in the process. The article leaves out important details of interpretation. … More Local large city property taxes are often far over assessed.

Two Simultaneous Principal Residence Exemptions

Homeowners who are selling their homes, but moved into another home elsewhere in the State, get to have two principal resident exemptions. …the St of MI Act provides that an owner may retain an exemption for up to 3 tax years on property previously exempt as principal residence if that property: • is not occupied; … More Two Simultaneous Principal Residence Exemptions

I smell REFUND ! ( for SEV drop or multiple residences )

SEV DROP: Crazy but true. We’ve been filing for refunds when sellers have a: Lower SEV when they sold than when they bought Sell for less than or equal to: Actual Cash Value ( ACV is SEV X 2 in most locations – sell for more and no refund available) Home has always been homestead/main … More I smell REFUND ! ( for SEV drop or multiple residences )

Oakland Co. Tax Foreclosure Sales

http://www.oakgov.com/treasurer/del_prop/landsale.html Call us if you’d like representation in bidding &/or purchase, rehab, tax or landlord consulting. SALE #1: The land sale is the first offering of these parcels at a live auction which is held in the Oakland County Commissioner’s Auditorium. It is the second Tuesday of August at 10:00 a.m. SALE #2:  Per State … More Oakland Co. Tax Foreclosure Sales