Property Tax Resources

1 hour and 27 minutes reading time (17351 words)

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

Recent Published Property Tax Articles

Single-Family Rental Communities Suffer Excessive Taxation

To tax assessors, an investor's single-family, build-to-rent neighborhood is a cluster of separately valued properties.

Multifamily investors are accustomed to paying property taxes based on an assessor's opinion of their asset's income-based market value. But for the growing number of developers and investors assembling communities of single-family homes and townhomes for...

Read more

The Tangible Tax Benefits of Excluding Intangibles

Jaye Calhoun and Divya Jeswant of Kean Miller LLP on an assessment strategy that may help you trim your property tax bill.

Few states impose property tax on intangible assets such as a trade name, franchise, goodwill and the like. Indeed, some office buildings, industrial properties and big-box stores don't derive...

Read more

Don't Miss a Property Tax Deadline

Here are five of the most important dates and timelines to be aware of.

Local governments impose a staggering property tax levy on Texas' commercial and residential property owners, who are their primary source of operational funding. Property tax revenue totaled more than $73.5 billion for the 2021 tax year and...

Read more

Member Spotlight


Forgot your password? / Forgot your username?