Property tax hike when renting a home in Michigan?

My wife and I are entertaining the idea of renting out our home, but she thinks that if we do, our property taxes (or some other tax/fee) will dramatically increase. Does anyone know if this is true in Michigan?

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This entry was posted on Monday, June 28th, 2010 at 8:00 pm and is filed under Renting. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Property tax hike when renting a home in Michigan?”

  1. realtor.sailor on June 28th, 2010 at 8:12 pm

    If it is a single family home your ad valorem taxes shouldn’t change. If the tax assessor learns the property is being rented, you may be assessed an intagable tax.

    realtor. sailor

  2. Arbor Mortgage on June 28th, 2010 at 8:49 pm

    We are in Michigan and your friend is right. You can only receive the homestead exemption on your taxes on 1 property – your primary residence. Your rental home will be charged the non-homesteaded rate, which can be almost twice as much in taxes.

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