Search Results for: Norbert Madison

Michigan HB 4722 Would Limit Local Governments’ Ability to Regulate Short-Term Rentals

Local communities will be limited in their ability to regulate short-term housing rentals if a bill passed by the Michigan House of Representatives, House Bill 4722 (“HB 4722”), becomes law.

Filing of Property Transfer Affidavits

Michigan law requires that a Property Transfer Tax Affidavit (“PTA”) be filed with the local assessor (city or township) upon the transfer of ownership of real property. As used in the statute “transfer of ownership” means the conveyance of title to or a present interest in real property or some personal property.  The PTA must … Continue reading Filing of Property Transfer Affidavits

Tax Sales Proceeds In Excess Of The Tax Owed Must Be Returned To The Taxpayer

On July 17 2020, the Michigan Supreme Court ruled in Rafaeli, LLC v Oakland County (the “County”) that the proceeds for a tax sale in excess of the tax owed must be returned to the taxpayer. The ruling stems from a lawsuit filed in Oakland County Circuit Court (the “Circuit Court”), that challenged one part … Continue reading Tax Sales Proceeds In Excess Of The Tax Owed Must Be Returned To The Taxpayer

Michigan’s Principal Residence Exemption and Short-Term Rentals

Concerned about losing your homestead exemption because you have been renting your home for more than 14 days per year?  Fear not, as the Michigan Court of Appeals recently ruled in the taxpayer’s favor on this issue.  Michigan’s Principal Residence (the “PRE”), also referred to as the Homestead Exemption, exempts “a principal residence…from the tax … Continue reading Michigan’s Principal Residence Exemption and Short-Term Rentals