MI SB0171

Housing owned by nonprofit corporations, limited dividend housing corporations, or government entities for occupancy solely by elderly or disabled families is exempt from property tax collection.

Owners must file exemption claims with both the local assessor and state treasury by October 31, with the assessor approving or disapproving within 60 days and notifying by December 31.

State treasurer makes annual payments in lieu of taxes to local tax collecting units by December 15, calculated based on taxable value and mill rates, excluding school and state education taxes.

Property exempt under this section cannot be forfeited, foreclosed, or sold for delinquent taxes during years of exemption, and the state treasury has standing to appeal tax assessments related to exempt properties.

Exemption effective date is December 31 of the year the facility is fully completed, continues until property no longer serves elderly or disabled families, with owners required to notify tax authorities of any changes affecting exemption status.