Peter MacIntyre's Blog

  Michigan homeowners need to be aware of the law that exists to provide tax savings to anyone who has a home for sale but has purchased another home.  You can claim both properties as your Principle Residence and receive Homestead millage.   This law went into effect for homeowners in 2008, as ...

There are many factors that are going on there.   More often than not, when a property goes to foreclosure sale, the Twp or local tax authority equalizes the Taxable Value to match the SEV. (Often grossly out of whack from realistic market value because the SEV is based on the last purchase price...