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Property Tax Resources

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Michigan Property Tax Updates

UPDATED june 2024

The Huge Importance Of Michigan Property Tax Due Diligence

Under Michigan’s Constitutional Amendment known as Proposal A, the taxable value of a parcel of property is “uncapped” in the year following a transfer of ownership, such that the taxable value will be half of the property’s true cash (market) value, which of course an assessor initially sets.   Although there are exceptions, generally transfers between unrelated parties will result in the “uncapping” of the taxable value.  Even though Michigan’s current property tax system has existed for decades, each year there are taxpayers who acquire properties and agree to purchase prices without carefully estimating what will happen to property taxes the year after the acquisition.  It can be a serious problem when taxpayers budget for a relatively modest tax increase and taxes double or triple.  Yet, this continues to happen.  It is very important that those seeking to acquire Michigan property have experienced tax counsel assist them with their property tax due diligence.

Stewart Mandell
Honigman LLP
American Property Tax Counsel (APTC)

Massachusetts Property Tax Updates
Minnesota Property Tax Updates

American Property Tax Counsel

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