The State of Michigan has a new law with 3 important and valuable changes to the disabled Veteran’s property tax exemption.
- Beginning January 1st, 2025, a disabled veteran exemption that is in place will not have to be renewed annually. It will remain in place until rescinded or denied by the assessor.
- The serving spouse of a qualified disabled veteran is eligible for the exemption on any homestead property, including one purchased after the veteran’s death as long as they remain unmarried.
- The disabled veteran’s tax exemption will be prorated based on closing documents starting when the disabled veteran occupies the property as a homestead.
Learn more about this new law from MiRealtors click here or from the State of Michigan click here.