2006 Michigan Compiled Laws - Act 225 of 1976


DEFERMENT OF SPECIAL ASSESSMENTS ON HOMESTEADS

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.


History: 1976, Act 225, Imd. Eff. Aug. 4, 1976 ;--Am. 1976, Act 437, Imd. Eff. Jan. 13, 1977 ;--Am. 1980, Act 403, Imd. Eff. Jan. 8, 1981




The People of the State of Michigan enact:

DocumentDescription
Section 211.761Definitions.
Section 211.762Deferment of special assessments on homesteads; conveyance or transfer of or contract to sell homestead; termination of deferment; interest charge; notice.
Section 211.763Deferment 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 211.764Application for deferment; affidavit form; signature; contents; consent of mortgagee or land contract vendor; filing.
Section 211.765Examination of affidavit by local assessing officer; inspections, investigations, and surveys; compelling information; decision; notice; finality.
Section 211.766Payment 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 211.767Duties of city, township, or village treasurer; collection of special assessments.
Section 211.768Termination of deferment; collection procedures; collection fees, interest, penalties, and other charges inapplicable; amount of lien for deferred special assessments.
Section 211.768aPayment of deferred special assessments; interest; notice; lien to include interest; refund; reapplication for reinstitution of previously deferred special assessment.
Section 211.769Reimbursement of department for sums advanced.
Section 211.770Special revolving fund.

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