Ann Arbor institutes new property tax exemptions for residents in poverty
Updated Jan 23, 2021;
Posted Jan 23, 2021
City Assessor Jerry Markey discusses new guidelines for exemptions from property taxes for residents living in poverty at the Ann Arbor City Council meeting Jan. 19, 2021.CTN
Facebook Share
ANN ARBOR, MI Amid the financial hardships of the COVID-19 pandemic, Ann Arbor is instituting new poverty guidelines to allow more low-income residents to seek exemptions from property taxes.
City Council voted unanimously this week to approve the 2021 tax exemption guidelines, setting new income limits at 2.2 times federal poverty levels, and raising the personal asset limit from $25,000 to $50,000.