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Bill

SB 292

Property tax: exemptions; property tax exemption for principal residence of certain senior citizens; provide for. Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec. 7yy.

2025-2026 Regular Session Introduced by Michele Hoitenga

Michigan bill creating property tax exemption for senior citizens' primary homes to reduce property tax burden on qualifying elderly homeowners.

REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
#propertytax:exemptions #propertytax:seniorcitizens #seniorcitizens:propertytax
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Bill Summary · SB 292

Legislative bill overview

SB 292 proposes to amend Michigan's property tax code by adding a new exemption for senior citizens' principal residences. The bill would create a property tax break specifically targeting homeowners who meet certain age and residency requirements. The exact parameters of the exemption (age threshold, income limits, property value caps) are not detailed in the bill summary provided.

Why is this important

Property tax exemptions directly reduce the financial burden on qualifying homeowners, which can be particularly significant for fixed-income seniors. This affects state and local government revenues, as property taxes fund schools, municipalities, and emergency services. The broader fiscal impact depends on how many seniors would qualify and the average tax savings per household.

Potential points of contention

  • Revenue impact: Local governments and schools could face reduced funding if the exemption is broad; fiscal analysis will be critical
  • Defining eligibility: Determining appropriate age cutoffs, income thresholds, and residency requirements involves balancing intent with unintended consequences
  • Equity concerns: Questions about whether property tax relief should be means-tested or universal for all seniors, and how this compares to other senior assistance programs

Compiled from official sources — confirm details with the bill’s official record.

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