Tax Uncapping – The Commonly Controlled Entity Exception Some time ago I wrote on real property tax uncapping and exceptions to transfers to relatives within a certain degree of residential real property. Recently, the Michigan Court of Appeals dealt with a similar...
On November 13, 2013, that State of Michigan enacted certain statutory provisions that eliminated real property taxes on property used as a homestead for disabled American veterans, who had received an honorable discharge. In order to obtain such exemption, an...
Several months ago I wrote about dower rights in Michigan. At that time, I pointed out that Michigan remained one of the few, if not only, state in the country to retain, for married women alone, what are called “dower” rights. Dower is defined as the wife’s...
When real property (land as well as houses and buildings physically attached thereto) is sold in the State of Michigan, the State collects a “transfer” tax at the rate of $7.50 per $1,000 of value. This tax is typically paid by the seller and collected by the closing...
Michigan remains one of the few states in the country to retain, for married women, what are called “dower” rights. Dower is defined as the wife’s right, under common law, upon her husband’s death, to a life estate in one-third (1/3) of the land her husband owned in...
Let’s start with a little history. Back in 1994, as part of general tax reform, the voters of the State of Michigan enacted various legislation (called Proposal A), that amended the state constitution to increase the state sales tax and reduced (for the time being)...
