Property tax: other; HOPE zone exemption; provide for. Amends sec. 5 of 2003 PA 260 (MCL 211.1025). TIE BAR WITH: HB 5852'26, HB 5856'26

Summary

The bill adds a new annual tax on properties that have been transferred through the tax‑reverted clean title program. Owners of principal residences can claim a school‑district exemption, and properties in Renaissance or HOPE zones are largely exempt. Collected revenue is divided equally between existing local taxing units and the authority that conveyed the property, with detailed rules for collection, liens, and delinquency.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share