I am a resident of Illinois, want to buy a second home in Michigan, I have a question on property taxes/rent.

Karen
Karen
Home Buyer
Lockport, IL

In buying a second home and not becoming a resident of Michigan will my property taxes be doubled and will I have to claim income if I rent less than 6 months?

Tue Nov 4 2008, 11:58 - Home Buying in Lockport - 1 answer
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First to answer: Richard
Richard
Richard
Other/Just Looking
Lombard, IL
FIRST ANSWER

I was just looking at the Michigan property tax rates by county and they differentiate between homestead (which I believe is primary residence) and nonHomestead. The nonHomestead rates appear to be about double. Also, a friend who is an Illinois resident recently purchased a condo in Union pier and was shocked that her taxes were double of what she had expected. No doubt because it was a second home.

Web Reference: http://www.michigan.gov/documents/treasury/2007MillageR...
Tue Jan 20 2009, 11:05
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