MI SB0933

Modifies poverty exemption requirements for principal residences by requiring applicants to meet federal poverty guidelines published in the Federal Register and allowing exemptions for either the current or immediately preceding tax year.

Establishes new grounds for contesting tax foreclosures, including that taxes were not authorized by law, not levied in the manner required by law, or that property was exempt from taxation.

Creates a post-judgment relief process allowing persons with property interests to file motions in circuit court within a specified timeframe, requiring payment of the minimum bid and additional costs to void a foreclosure judgment.

Adds a certificate of error cancellation mechanism allowing foreclosing governmental units to cancel foreclosures after judgment if errors are discovered, such as property not being subject to taxation or taxes being previously paid.

Modifies property sale procedures to require posting of notices on properties, allow posting of terms of sale for public health and safety, and establish that governmental entities holding foreclosed property are exempt from property tax collection.