Grosse Pointe Shores – Although the income levels of most inhabitants of Grosse Pointe Shores they are far from classified as poorly classified, if residents were to fall in exceptionally difficult times, they may be eligible for a poverty event of their real estate tax.
During a meeting on January 21, the Shores City Council unanimously approved a resolution for an exemption from poverty. Approval was recommended by managers and the assessor of the city, WCA Assessing.
“This is something that I understand, required by the Michigan State Tax Commission,” said Mayor Ted Kedzierski.
He said he believed it was something that the council had to approve annually.
“That’s right,” confirmed Stephen Poloni city manager.
An application for poverty exemption enables a homeowner to request real estate tax from the City Assessor and Board of Review because the taxes place an excessive hardships in the resident. To be eligible, a resident must first meet the federal poverty standards. For the tax year 2024, the federal poverty guidelines are $ 15,060 in annual income for a single person, $ 20,440 per year for two people in the same household and $ 31,200 for a family of four. Applicants must make less than these amounts to be eligible. The exemption is, even if they are granted, temporary; Qualifying owners of real estate should apply for this every year.
Applicants must not only meet the poverty standards for income, but also for assets, which exclude the house for which applicants are looking for tax reduction. Assets include vehicles, recreational vehicles such as boats, bank accounts, shares, bonds, investments, jewelry, second houses, federal non-continuous benefits such as Medicare and Medicaid, artworks and antiques.
Maximum assets are determined on federal poverty sailing, which means that the total assets of each person, apart from their income and house, cannot be more than $ 15,060.
“It is my understanding that nobody (in Grosse Pointe Shores) has ever qualified because it is both income and assets,” said Kedzierski.
Those who are eligible for the exemption have reduced the taxable value of their house by 50% for that year.
Due to the changes of the state legislator in December 2020, the board or review can no longer deviate from the directives of the State due to special circumstances, such as medical costs.
The council had to approve the guidelines prior to the board of review meetings of the city. During the Council of Assessment meetings, residents can dispute their real estate tax assessment or request a poverty release.
The board of review was planned, at the time of the press on 10 and 17 March, although Times was not announced during the press. For more information, contact Shores City Hall on (313) 881-6565.
For the guidelines and form of the poverty tax and form, you visit the website of the city on GPshoresmi.gov.
