BHT&D Certified Public Accountants Blog

Property Tax Exemption Available For Michigan Disabled Veterans

Posted by Lori Shepard on Mon, Apr 03, 2017 @ 07:00 AM
Real property used and owned as a homestead by a Disabled Veteran who was discharged from the armed forces of the United States under honorable conditions, or by the unmarried surviving spouse of a disabled veteran, is exempt from the collection of property taxes.  

For this exemption, a Disabled Veteran means a person who is a resident of this state and who meets 1 of the following criteria:
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Tags: Michigan Personal Property Tax Exemption

Is My Michigan Personal Property Exempt From Property Taxes?

Posted by Aric Salgat on Mon, Jan 19, 2015 @ 09:00 AM

Beginning January 1, 2014, all businesses in Michigan with a “true cash value” of taxable assets of less than $80,000, within each taxing jurisdiction, are exempt from personal property tax. 

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Tags: Michigan Personal Property Tax Exemption, Statewide Essential Services Assessment, PPT, EMPP, SESA, Business Tax

Do You Qualify for the New Michigan Personal Property Affidavit?

Posted by Travis McKee on Mon, Jan 27, 2014 @ 09:00 AM

A new Michigan Personal Property Tax Exemption is in place which may allow your business personal property tax relief for 2014. The State legislature added the exemption to not only provide tax relief, but to make the filing less complicated. Small businesses that own, lease, or have possession of personal property with a total true cash value of less than $80,000 (assessed value less than $40,000), may request the property be exempt by filing an exemption affidavit (Form 5076) with their local unit of government. If you have property in more than one location, you can file separate affidavits or Personal Property Tax Statements for each locale.

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Tags: Michigan Personal Property Tax Exemption, Tax Relief