Bill > HB4741

This bill modifies provisions related to property tax delinquency and foreclosure avoidance in Michigan, primarily extending certain tax relief programs until July 1, 2030. The bill allows county treasurers to offer payment reduction programs for properties with unpaid taxes, particularly for properties owned by financially distressed individuals or those with exemptions. Under these programs, property owners can potentially reduce their tax debt to as low as 10% of the property's taxable value, cancel certain service charges and interest, and create installment payment plans or tax foreclosure avoidance agreements. If property owners successfully complete these payment plans, they can avoid tax foreclosure and have certain interest charges waived. The bill also provides specific provisions for different types of properties, such as residential properties and properties in counties with different population sizes. Additionally, the bill includes mechanisms for local governments to opt in or out of these payment reduction programs based on their county's population and governing body's resolution. The goal appears to be providing tax relief and preventing property foreclosures for financially struggling property owners while maintaining a structured approach to tax collection.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4741