How Michigan property taxes work - buying a home with non homesteaded taxesSo you are buying a home with non homesteaded taxes and you want to know how Michigan property taxes work. How long do you have to pay non-homesteaded taxes? When do non-homesteaded taxes become homesteaded taxes? What time of the year does that happen? How did this come up as a blog? I had a Redford home buyer tell me today that her husband told her if she bought a house that had non-homesteaded taxes that it would always be non-homesteaded taxes forever. They didn't want to look at Redford homes with non-homesteaded Michigan taxes because they thought they would forever be paying higher property taxes. So all this time they have been crossing off Redford home listings just because they have non homesteaded taxes. That's not the way it works. A Metro Detroit home becomes non-homesteaded if the property owner does not claim it as their primary residence and claim a homestead exemption. Examples of when a property is non-homesteaded are:
City adminisatories only change a home's property tax status from non homestead taxes to homesteaded on May 1. So if you buy a bank foreclosure on June 30 you will have to pay the higher non homesteaded tax rate until next year. On May 1 it would change to homesteaded taxes if you filed the homestead exemption with the city prior to May 1. So I hope this explanation about Michigan property taxes did explain more about homestead and non-homesteaded taxes. So you can look and buy a home with non-homesteaded property taxes. If you file your homestead tax exemption you will be paying the lower taxes after May 1 rolls around. More on Livonia real estate, Wayne County real estate, Oakland County real estate Michigan Lake homes listings and Oakland County waterfront properties http://www.detroitmichiganrealestatehomes.com/0053B9 Posted on Jun 29, 2010 @ 9:28 pm by russ.ravary - View Profile
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Comment from: Elizabeth Turner [Visitor] I recently found out that i have until may 1st to file my home as a homestead....how to i go about doing that? is there a way to do this online considering that may 1st is so close? and is there a fee to do this and if so how much? Thank you so much for your help  Permalink Apr 26, 2011 @ 11:02 pmComment from: russ.ravary [Member] · http://www.detroitmichiganrealestatehomes.com/ You need to go down to your city or township and file the homestead exemption form and transfer affidavitt if it hasn't been done. They should have the forms there. You should get a copy for your records. Permalink Apr 27, 2011 @ 10:25 amComment from: russ.ravary [Member] · http://www.detroitmichiganrealestatehomes.com/I don't believe there is a way to do it online. Only in person. I also don't believe there is a fee to file it. But there could be a fee if you failed to file the transfer form in the required length of time. Permalink Apr 27, 2011 @ 10:27 amComment on this article This post has no feedback awaiting moderation... |
