New program helps some dealing with tax foreclosure stay in ...

updated 8:52 am PST, Monday, March 2, 2020

LANSING, Mich. (AP) — Some Michigan householders combating property taxes can check in for in your price range price plans to aid them live of their homes under new law.

The "Pay as You live" bill become signed Monday by way of Gov. Gretchen Whitmer.

It implements a program that enables foreclosing governmental contraptions to cut back delinquent property taxes owed via homeowners who qualify for poverty exemptions.

once enrolled, all pastime, penalties and costs would be eradicated. The balance due would be constrained to back taxes handiest or 10% of a home's taxable price, whichever is much less. The remaining steadiness would be paid again over three years at no pastime.

owners who qualify for full or partial property tax exemptions and enroll in future years can be eligible for the application. One-person households can't earn more than $19,303 and households with 4 americans can't earn more than $28,671 per year to be eligible for property tax exemptions.

The bill changed into backed with the aid of Detroit Democrat Rep. Wendell Byrd.