What is a renaissance zone and what effect does it have on my property taxes?
Renaissance zones are geographic areas in which qualified residents and businesses are exempted from certain taxes in an effort to stimulate economic revitalization. Property taxes are exempted except for bonded debt levies. Taxpayers within the renaissance zone must qualify each year for the exemption. One of the qualifiers for exemption is property taxes cannot be substantially delinquent as determined by the local unit. The Treasurer’s Office can assist you in determining if there are any property tax delinquencies on property within the City of Muskegon. Please note that property tax delinquency on properties outside of the renaissance zone, or anywhere in the state of Michigan will disqualify you from exemption. Other yearly qualifiers are: Must timely file and not be substantially delinquent on city income tax, contact City Income Tax Dept. (231) 724-6770. Must timely file and not be substantially delinquent on state income tax and single business tax, contact Michigan Department
Renaissance zones are geographic areas in which qualified residents and businesses are exempted from certain taxes in an effort to stimulate economic revitalization. Property taxes are exempted except for bonded debt levies. Taxpayers within the renaissance zone must qualify each year for the exemption. One of the qualifiers for exemption is property taxes cannot be substantially delinquent as determined by the local unit. The Treasurer’s Office can assist you in determining if there are any property tax delinquencies on property within the City of Grand Rapids. Please note that property tax delinquencies on properties outside of the renaissance zone, or anywhere in the state of Michigan, will disqualify you from exemption.
