LANSING, MI (WKZO AM/FM) – Senate Republican Leader Aric Nesbitt, who is also a Republican candidate for governor, Thursday introduced legislation to repeal the state’s 6-mill property tax, which he says will make home ownership more affordable in Michigan.
“The state budget has grown by $30 billion over the past eight years while Michigan ranks among the bottom states in the nation in per capita income and families earn $9,000 less than their peers across the country. Enough is enough,” said Nesbitt, R-Porter Township, Van Buren County.
Senate Bill 1039 would eliminate the statewide 6-mill property tax ($6 per $1,000 of taxable value) levied each summer on most properties. Nesbitt said the $3 billion generated by the assessment could be absorbed “through more responsible budgeting by lawmakers.”
The Michigan House passed an eight-bill package in May that would slash property taxes across the state.
The bill package would eliminate the 6-mill tax, the 0.75% real estate transfer tax, and the pop-up tax. That’s the charge after a house transfers from one owner to another.
It also has provisions to lower energy costs and freeze rate hikes from utilities like Consumers Energy and DTE.
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