Lower property tax bill approved by House
With the housing market in the biggest slump in decades and a glut of houses on the market, the Michigan House has passed a property tax bill aimed at providing incentive for homebuyers to buy. The incentive? Homebuyers could save thousands in property taxes as the time of the sale.
According to excerpts from the story:
To buy or not to buy, that is the question.
The purchase being considered? A house, and when to buy might be of particular concern because Michigan lawmakers are mulling legislation that could save new homeowners thousands over time in lower property tax bills.
Allowing purchasers over the next 18 months to inherit the lower, constitutionally capped property tax bills paid by the sellers could be approved by the Democrat-controlled House as early as today. The House Commerce Committee approved it Tuesday.
Read the complete story here.
Author
Related Articles
Shark Tank stars kick off Tech Week Grand Rapids
Daymond John and Robert Herjavec open a week that celebrates innovation, entrepreneurship, and West Michigan’s growing technology community.
Trinity Health and Michigan community groups will make fresh, local food a Medicaid benefit
A new Trinity Health initiative will allow people in the Ann Arbor, Detroit, and Grand Rapids areas to access fresh, affordable produce from local organizations through their Medicaid health plans.
Voices of Youth: Lessons learned from listening to young people
Over the past three years, Voices of Youth has shown us that by actively listening to what young people want, we often develop better ideas. Here, Publisher Tommy Allen reflects on the achievements and lessons learned over three years with Voices of Youth.
