2010 Michigan Compiled Laws
Chapter 211 - TAXATION OF REAL AND PERSONAL PROPERTY
Act 225 of 1976 - DEFERMENT OF SPECIAL ASSESSMENTS ON HOMESTEADS (211.761 - 211.770)

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

• Section 211.761 - Definitions.
• 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.