Michigan HB5236 modifies the definition of homestead for property tax credit purposes.

Michigan HB5236 amends the definition of "homestead" to clarify that it includes a dwelling or unit in a multiple-unit dwelling owned and occupied by the owner or rented by the tenant. It excludes unoccupied real property leased to another person and not adjacent to the owner's home. The bill also specifies that if a homestead is part of a larger unit, the tax on the homestead is proportionate to its value. Additionally, it considers a mobile home or trailer coach in a trailer coach park as a homestead, with the site rent considered as the rent of a homestead.

Michigan HB5236 modifies the definition of homestead for property tax credit purposes.

Michigan HB5236 amends the definition of "homestead" to clarify that it includes a dwelling or unit in a multiple-unit dwelling owned and occupied by the owner or rented by the tenant. It excludes unoccupied real property leased to another person and not adjacent to the owner's home. The bill also specifies that if a homestead is part of a larger unit, the tax on the homestead is proportionate to its value. Additionally, it considers a mobile home or trailer coach in a trailer coach park as a homestead, with the site rent considered as the rent of a homestead.