MI HB5777

Allows property tax exemptions for housing owned by nonprofit corporations, limited dividend housing corporations, or the state that is occupied solely by elderly or disabled families, including units occupied by service personnel such as custodians or nurses.

Permits the Department of Treasury to grant exemptions retroactively for 2012 and the 3 preceding years (2009-2012) for property that would have qualified if owners had timely filed in 2010 or 2011, with any resulting tax overpayments refunded within 30 days.

Requires the state treasurer to make annual payments in lieu of taxes to local tax collecting units by December 15 each year, calculated based on the property's taxable value and mill rates, excluding school and state education taxes.

Prohibits property eligible for this exemption from forfeiture or foreclosure for delinquent taxes during years when the exemption applies.

Grants the Department of Treasury standing to appeal assessed values, taxable values, exempt status, and other tax liability issues for exempt properties in the Michigan Tax Tribunal and state courts.