Bill > HB5225

This bill amends the General Property Tax Act to modify property tax collection and summer property tax deferment rules. The bill updates provisions allowing county treasurers to collect taxes if a township treasurer fails to file a bond, and expands summer property tax deferment eligibility for certain groups. Specifically, the bill allows property tax deferment for principal residences owned by disabled individuals, veterans, seniors (62 and older), and agricultural property owners, with income limitations. For taxes levied after December 31, 2026, the income limit is set at $60,000, with provisions for the state treasurer to adjust this amount every five years based on the Consumer Price Index. The bill requires local tax collecting units to publish notices about tax deferment availability, assist residents in completing deferment forms, and include deferred tax information on tax statements. The bill also allows property owners to file for tax deferment until September 15 or when taxes would become subject to late penalties. These changes aim to provide financial flexibility for specific groups of property owners who might struggle with immediate tax payments.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-5225