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27 Jan / Veterans Property Tax Exemption

Schultz & Associates, CPA, Plymouth, Michigan

 

Property Tax Exemption for Disabled Veterans.

Below you will find PA 161 which allows disabled veterans a property tax exemption in Michigan.

Governor Snyder recently signed into law P.A. 161 o
f 2013. This Act amends MCL 211.7b
regarding Veterans Exemptions to read as follows:
Sec. 7b. (1) Real property used and owned as a home
stead by a disabled veteran who was
discharged from the armed forces of the United Stat
es under honorable conditions or by an
individual described in subsection (2) is exempt fr
om the collection of taxes under this act.
To obtain the exemption, an affidavit showing the f
acts required by this section and a
description of the real property shall be filed by
the property owner or his or her legal
designee with the supervisor or other assessing off
icer during the period beginning with the
tax day for each year and ending at the time of the
final adjournment of the local board of
review. The affidavit when filed shall be open to i
nspection. The county treasurer shall
cancel taxes subject to collection under this act f
or any year in which a disabled veteran
eligible for the exemption under this section has a
cquired title to real property exempt under
this section. Upon granting the exemption under thi
s section, each local taxing unit shall bear
the loss of its portion of the taxes upon which the
exemption has been granted.
(2) If a disabled veteran who is otherwise eligible
for the exemption under this section dies,
either before or after the exemption under this sec
tion is granted, the exemption shall remain
available to or shall continue for his or her unrem
arried surviving spouse. The surviving
spouse shall comply with the requirements of subsec
tion (1) and shall indicate on the
affidavit that he or she is the surviving spouse of
a disabled veteran entitled to the exemption
under this section. The exemption shall continue as
long as the surviving spouse remains
unremarried.
(3) As used in this section, “disabled veteran” mea
ns a person who is a resident of this state
and who meets 1 of the following criteria:
(a) Has been determined by the United States depart
ment of veterans affairs to be
permanently and totally disabled as a result of mil
itary service and entitled to veterans’
benefits at the 100% rate.
(b) Has a certificate from the United States vetera
ns’ administration, or its successors,
certifying that he or she is receiving or has recei
ved pecuniary assistance due to disability
for specially adapted housing.
(c) Has been rated by the United States department
of veterans affairs as individually
unemployable.
The purpose of this communication is to make Assess
ors and Equalization Directors aware of
this new Act and to provide some basic guidance. Th
e State Tax Commission will issue
additional guidance following their December meetin
g.
1.
This exemption is only available to disabled vetera
ns or, if the veteran has died, to their
unremarried surviving spouse who own and use the ho
me as their homestead.
2.
The disabled veteran or their surviving spouse must
be a resident of the State of
Michigan.
3.
Assessors are advised that eligible disabled vetera

ns will be able to apply for a 2013
exemption at the December 2013 Board of Review. An
exemption will cancel the July
and December 2013 taxes, but will not cancel any ta
xes levied before 2013.
4.
The Act requires an Affidavit be filed but does not
require this Affidavit to be an official
State of Michigan form. A standard Affidavit is no
t planned to be developed at this time.

Property Tax Exemption

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Tax advice contained in this communication, including attachments and enclosures, is not intended or written to be used, and may not be used for the purpose of (i) avoiding tax related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein.

 

 

 

 

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By Jschultz in Tax, Tax-Preparation
  Property Tax Exemption for Disabled Veterans. Below you will find PA 161 which allows disabled veterans a property tax exemption in Michigan. Governor Snyder recently signed into law P.A. 161 o f 2013. This Act amends MCL 211.7b regarding Veterans Exemptions to read as...
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