2006 Michigan Compiled Laws - Act 225 of 1976
AN ACT to defer the collection of special assessments on homestead properties; to provide for conditions of eligibility for such a deferment; to prescribe the powers and duties of the department of treasury, local assessing officers, and local collecting officers; to provide for the advancement of moneys by the state to indemnify special assessment districts for losses from deferment of collections; to provide for the advancement of money by the state to an owner for the repayment of loans used by the owner to pay special assessments; to provide for the collection of deferred special assessments and interest thereon, and the disposition of these collections; to make an appropriation; and to prescribe penalties.
|Section 211.762||Deferment of special assessments on homesteads; conveyance or transfer of or contract to sell homestead; termination of deferment; interest charge; notice.|
|Section 211.763||Deferment of special assessments on homesteads; eligibility; limitation on household income; gross amount of special assessment; maximum dollar amount of household income; adjustment; reacquisition of property purchased through tax sale; land contract as special assessment; borrowing money from lending institution to pay special assessment; repayment from special revolving fund; lien.|
|Section 211.764||Application for deferment; affidavit form; signature; contents; consent of mortgagee or land contract vendor; filing.|
|Section 211.765||Examination of affidavit by local assessing officer; inspections, investigations, and surveys; compelling information; decision; notice; finality.|
|Section 211.766||Payment of special assessment by department to indemnify local special assessment districts; lien; notice to county treasurer; record; delinquent tax roll requirements; distribution of amount received from department; notation on current tax roll.|
|Section 211.767||Duties of city, township, or village treasurer; collection of special assessments.|
|Section 211.768||Termination of deferment; collection procedures; collection fees, interest, penalties, and other charges inapplicable; amount of lien for deferred special assessments.|
|Section 211.768a||Payment of deferred special assessments; interest; notice; lien to include interest; refund; reapplication for reinstitution of previously deferred special assessment.|
|Section 211.769||Reimbursement of department for sums advanced.|
|Section 211.770||Special revolving fund.|
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