I had a Redford home buyer tell me today that she thought if she bought a house that had non-homesteaded taxes that it would always be non-homesteaded taxes. They didn't want to look at houses with non-homesteaded Michigan taxes because they thought they would forever be paying higher property taxes.
That's not the way it works. A Metro Detroit home becomes non-homesteaded if the property owner does not claim it as their primary residence and claim a homestead exemption.
Examples of when a property is non-homesteaded are:
- a bank foreclosure
- a home that the owner has died
- a home that the owner has moved out of state or out of the country
- a home that is a rental property
- a home that is owned by somebody that has another home with a homestead exemption
- a second home
- a vacation home
Cities only change a home's property tax status from non homestead taxes to homesteaded on May 1. So if you buy a bank foreclosure on June 30 you will have to pay the higher non homesteaded tax rate until next year. On May 1 it would change to homesteaded taxes if you filed the homestead exemption with the city prior to May 1.
So I hope this explanation about Michigan property taxes did explain more about homestead and non-homesteaded taxes. So you can look and buy a home with non-homesteaded property taxes. If you file your homestead tax exemption you will be paying the lower taxes after May 1 rolls around.
More on Livonia real estate, Wayne County real estate, Oakland County real estate
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My Month of April quote:
"Sometimes the only way to get to the far shore is to lose sight of the shore you just left"
Russ Ravary
"helping make your move easier"
your local Metro Detroit Realtor helping clients like you sell and buy homes through out the entire Metro Detroit suburbs. I love showing and selling Oakland County and Livingston County Lake front homes too.
