Articles & News
NEW MICHIGAN LAW FOR TRANSFERRING RESIDENTIAL PROPERTY WITHOUT UNCAPPING PROPERTY TAX
January 21st, 2014
On December 31, 2013 a new Michigan law, MCL 211.27a(7)(s), took effect which allows for a transfer of residential property between relatives of the 1st degree without uncapping property tax values. The new law is essentially an exemption to what con…
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Categories: Real Estate