Property tax: exemptions; poverty exemption; modify. Amends sec. 7u of 1893 PA 206 (MCL 211.7u).

Summary

The bill adds a new section to the General Property Tax Act that lets low‑income homeowners exempt all or part of their home’s taxable value. It applies to individuals who own and live in their primary home and meet specific income or benefit thresholds. The change aims to ease the tax burden on residents who cannot afford to contribute to public charges because of poverty.

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