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- Introduced by Sen. Jud Gilbert (R) on January 27, 2009, to grant a homestead property tax exemption after May 1 to a person who acquires and occupies a homestead for which an exemption was not already on the tax roll on May 1. Under current law, if an owner has not filed the principal residence (homestead) property tax exemption for a residence by May 1, then the property tax exemption does not apply until the following year. The bill would prorate the tax exemption based on how much of the tax year has passed after the May 1 date.
- Referred to the Senate Finance Committee on January 27, 2009.
- Reported in the Senate on August 24, 2010, with the recommendation that the substitute (S-2) be adopted and that the bill then pass.
- Substitute offered in the Senate on September 22, 2010, to not prorate an exemption requested after May 1, but instead establish a second deadline of Oct. 1. A taxpayer would have to file an affidavit by May 1 for the next summer tax levy and all subsequent tax levies, or by October 1 for the next winter tax levy and all subsequent tax levies.. The substitute passed by voice vote in the Senate on September 22, 2010.
- Referred to the Senate Finance Committee on January 27, 2009.
- Passed 36 to 0 in the Senate on September 23, 2010, to establish a second deadline od October 1 for a a new principal residence owner to file for a homestead property tax exemption, in addition to the current May 1 deadline. Under current law, if a new homeowner has not filed the principal residence (homestead) property tax exemption by May 1, then the property tax exemption does not apply until the following year.
Who Voted "Yes" and Who Voted "No" - Received in the House on September 23, 2010.
- Referred to the House Tax Policy Committee on September 23, 2010.
- Substitute offered by Rep. Douglas Geiss (D) on December 3, 2010, to replace the previous version of the bill with one that deletes the previous provisions and instead deals with foreclosing mortgage lenders; see House-passed version. The substitute passed by voice vote in the House on December 3, 2010.
- Passed 97 to 2 in the House on December 3, 2010, to allow a mortgage lender who has foreclosed on a home to keep the 18 mill homestead property tax exemption for up to three years, as long as the property is for sale and not being rented out. This three year exemption also applies to a person who moves out of a principal residence.
Who Voted "Yes" and Who Voted "No" - Received in the Senate on December 3, 2010.
- Passed 33 to 0 in the Senate on December 3, 2010, to concur with the House-passed version of the bill.
Who Voted "Yes" and Who Voted "No" - Vetoed by Gov. Jennifer Granholm on December 21, 2010.
Most Recent Comments
1) Re: 2009 Senate Bill 77 (Revise homestead property tax exemption May 1 deadline ) by Jim And on December 23, 2010Well I guess it's too much to ask that her veto be over turned, hopefully when Granholm is out of office this will get reintroduced and signed by Snyder. It’s important to get the housing market moving. This one act could help spur the purchase of many more bank owned homes to good people who can fix them up and improve the neighborhood.
People have to understand that every $1,000 in taxes is roughly $17,000 in loan value. By allowing the Homestead Exemption to remain on the property when its being sold as a foreclosure means more people will qualify financially for that home it also means that people who otherwise wouldn't consider a non-homesteaded house on principle will now be able to consider more homes.
Its simple math, on a house with a taxable value of 100,000 the difference between homestead or non homestead is $1800.00/Year. That's a lot of money and can actually mean someone that’s wants to purchase a particular home may not qualify for it... so then its sits vacant or sells for less... either way everyone's property value is effected!
Is this a cure all? Of course not but it is a common sense approach to help move these homes.
As a Realtor I can't tell you how many times I've heard "I'd love to buy that home but... I can't afford the taxes". When the taxes are lowered to the homestead amount, more people will buy these homes and that helps everyone from the paint department at the hardware store to the neighbors concerned about vacant homes on thier block.
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Not thought out, puts too much on the local government and gives away tax payer money to the state. The orginal bill was good but the house did not do anyone a favor with this bill
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Introduced in the Senate on January 27, 2009, to establish a second deadline od October 1 for a a new principal residence owner to file for a homestead property tax exemption, in addition to the current May 1 deadline. Under current law, if a new homeowner has not filed the principal residence (homestead) property tax exemption by May 1, then the property tax exemption does not apply until the following year
The vote was 36 in favor, 0 opposed and 2 not voting
(Senate Roll Call 458 at Senate Journal 0)
Click here to view bill details.
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