Tag: property tax

Department of Treasury reminds Michiganders that Principal Residence Exemption doesn’t expire

The Michigan Department of Treasury is reminding Michiganders that a Principal Residence Exemption – known as a PRE – does not expire. Inaccurate posts being shared on social media are claiming that Michigan taxpayers will experience a surge in property...

Understanding written instruments and transfers of property exempt from tax

  • April 17, 2019
  • David Shindel

The Michigan State Real Estate Transfer Tax Act of 1993 outlines various exemptions from the tax it imposes on written instruments and property transfers: 1. Instruments where the consideration is less than $100.2. Instruments not wholly performed within the state...