Property tax: exemptions; partial exemption for qualified principal residence upon transfer of ownership; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7yy. TIE BAR WITH: HB 6005’26
Key claim: The bill would add a partial property-tax exemption for qualified principal residences upon transfer of ownership.
Abstract
(HB5996 · 103rd Legislature) Property tax: exemptions; partial exemption for qualified principal residence upon transfer of ownership; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7yy. TIE BAR WITH: HB 6005’26 Sponsor: Rep. Regina Weiss (D) + 2 co-sponsors In committee: H Government Operations Latest action (2026-05-21): Bill Electronically Reproduced 05/20/2026
Why this matters
Property taxes on principal residences shift substantially at transfer of ownership under Michigan’s Proposal A framework, often raising costs for new owners. A partial exemption upon transfer would reduce the tax burden for buyers of qualifying homes, affecting homeowner affordability and local taxing-unit revenues. The tie-bar to HB 6005’26 indicates the exemption is part of a linked policy package.