UHY Advisors has the deep, state-by-state know-how it takes to provide a holistic solution that helps minimize exposure and maximize savings across your organization. Property taxes are not the only taxes your company pays, and they shouldn't be considered in a vacuum.
We understand that in order to be an effective property tax team our services must be able to meet your needs. Accordingly, our services include compliance, consulting and tax advice. The following services are available:
Property Tax Compliance Services
2016 brought significant changes to personal property tax filing in Michigan.
The original filing deadline in February has been extended to Tuesday, May 31, to file Form 5278 or resubmit a Form 5278 that had been denied due to an incomplete form. The form must be received by the local assessor's office by the deadline and postmarks are not acceptable.
The Small Business Exemption was passed by the legislature in early 2014, exempting small business from Michigan personal property tax. The taxpayer must have less than $80,000 of true cash value for all business property in a particular taxing jurisdiction and file an affidavit claiming such exemption with the assessor no later than February 10 of each tax year.