Special Assessment Deferral Program

Michigan

2019

No Variation in Receipt of Benefits

Deferral

The benefit defers special assessments. The minimum deferral, exclusive of interest, is $300. Deferred taxes accrue interest at the rate of 1/2 percent per month (6 percent per year). Taxes are due one year from the date of the death of the last homeowner. Deferment of taxes through this program will result in a lien being placed against the property in the amount of the deferred taxes plus interest. Applications must be filed at least 30 days after the due date of a special assessment or installment of a special assessment for which deferment is requested.

Other

Residential

Only residential property is eligible for this program.

Age

Disability

Homeowner

Income Ceiling

Other Criteria

The individual must be 65 years or older or be totally or permanently disabled, a citizen of the United States, a resident of Michigan for 5 or more years, and the sole owner of the homestead for 5 or more years. Income in 2018 cannot exceed $23,933. Income eligibility requirements are adjusted annually based on the Detroit Consumer Price Index.

Local government is unable to exercise an option

No local option regarding program features

State reimburses all of the local government tax loss

The Department of the Treasury shall transmit to the collecting officer the sum of money required to indemnify the local special assessment district for a revenue loss resulting from the deferment of the special assessment.

MI105_RR19