MAR-supported legislation has been introduced by former REALTOR® member and current House Majority Floor Leader Jim Stamas (R-Midland) for instances when a taxing error on a principal residence occurs by the local taxing authority.
House Bill 4861 provides for a determination as to whether an error in the filing of a Principal Residence Exemption (PRE) is the fault of the homeowner, or the local government. If the mistake in filing is the fault of the local unit, the homeowner would no longer be liable for back taxes and penalties on the property.
This issue has been a complaint among homeowners across the state, and the legislature is interested in providing fairness to the process. The MAR is pleased to report that the bill passed the Michigan House by a vote of 108-0, and is now awaiting a hearing in the Senate Finance Committee. The MAR will continue to keep membership updated as this bill winds through the legislative process.
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