Tax Foreclosure

Tax Foreclosure

Public Act 123 of 1999 shortens the amount of time property owners have to pay their delinquent taxes before losing their property. Property owners with taxes that are two years delinquent will be foreclosed and the property will be sold at public action. For example, people who fail to pay their 1999 delinquent property taxes will lose their property to foreclosure in March 2002.

With this new act, the amount of time to pay taxes has been reduced from approximately five years to approximately two years. Property owners who have multiple tax years owing may have to pay as many as three years (1997, 1998, & 1999) by March, 2002 to avoid losing their property.

Property owners face higher interest and fees for not paying their taxes. Taxes that are delinquent for more than one year will have 1.5% per month rate and after one year, taxes will have a $175 forfeiture fee and additional administrative fees added to them.
Pay your delinquent taxes now!

Foreclosure is final!



Property Foreclosure Timeline For 1999 Property Taxes

March 2, 2001: Property  is forfeited to the Ingham County Treasurer. A $175.00 dollar fee is added and the interest rate is increased to 1.5% per month (18% annual) adjusted back to the date the taxes originally became delinquent.

March 1 – 10, 2002:

Circuit Court enters a judgment of foreclosure. From the date of this judgment, property owners have 21 days to pay the delinquent taxes.

March 22 – 31, 2002:

All taxpayer redemption rights expire. The property is now owned by the county.

July, September, and November 2002:

Property is sold at public auction.
Public Act 123