• If you meet the eligibility requirements, you may claim a poverty exemption. • If you meet the eligibility requirements, you may also claim a hardship extension, giving you more time to pay your back taxes without losing your property.
Example: MICHIGAN DELINQUENT PROPERTY TAX TIMELINE AX TIMELINE
Current Year January 1 to December 31: r 31:During this time, your property taxes are made payable to your local city, village, or township government. Pay now to avoid nasty interest and penalties! 1st Year of Delinquency, March 1: On March 1, your taxes officially become “delinquent” and due to the County Treasurer’s Office. A 4% administration fee is added, along with 1% interest per month. 1st Year of Delinquency, October 1: A $15 fee is added to your delinquency. 1st Year of Delinquency, November 1: Your property is added to preliminary forfeiture list. 2nd Year of Delinquency, February 1: Mortgage lenders and banks may be notified of the delinquency. 2nd Year of Delinquency, March 1: Minimum of $195 in fees added to your delinquency. Your property is forfeited, not foreclosed, to the Treasurer. The interest rate increases from 1% to 1.5% or from 12% to 18% each year.
2nd Year of Delinquency, May 1: A foreclosure petition is filed
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