Tax Law of 1999

Some Important Information for Property Owners

Public Act 123 of 1999

Public Act 123 of 1999 has reduced the time frame in which delinquent taxes can be paid, from 5 years to approximately 2 years. Tax bills delinquent for a one year period will now incur a higher interest rate (1.5% per month, as opposed to the current 1%), along with additional fees, such as the $175.00 forfeiture fee. If taxes remain unpaid for a two year period, the property will be foreclosed and sold at a public auction held by the State of Michigan. ONCE FORECLOSED, PROPERTY CAN NO LONGER BE REDEEMED.

REMEMBER - FORECLOSURE IS FINAL!!
PAY YOUR DELINQUENT TAXES AS SOON AS POSSIBLE.

	Time Line for Delinquent Property Taxes
	Public Act 123 Questions & Answers