Possible Property Tax Relief?
In Nov. MI voters maybe asked to make major decisions about property taxes. House Speaker, Andy Dillon (D-Redford) says Michigan's tax system is too complicated. Property taxes continue to increase while values decrease. Representative Brian Calley (R-Portland) would like to add to the ballot a constitutional amendment to prohibit property tax increases when values stay the same or decrease. If the Legislature doesn't put Calley's amendment on the ballot, he will ask for signatures from the people of Michigan. He will need to collect 300,000 registered voter signatures.
We have to think on the side of caution and make sure the full research is done before we vote. How will this effect budgets? The Michigan Association of Realtors® Public Policy Committee is watching the proposals closely. The Michigan Association of Realtors® will review the proposals and share the information. As always the Michigan Association of Realtors® is looking out for home owners and property rights.
As if May 2009 the Legislature will be polling the Michigan consumers for ideas as well. To be successful the plan will have to be simple...
(Source: MichiganRealtor March 2009, May 2009)
Angie Ridley
Complete Realty, LLC
810 744 4600
Serving Mid-Southeastern Michigan
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