Q: When are property taxes due in Osceola County for the current fiscal year?
A: Summer property taxes are due September 14, 2024, and winter taxes are due February 14, 2025. Interest begins accruing after 5 p.m. on the due date for late payments.
Q: What homestead tax credit is available and how do I apply?
A: The Principal Residence Exemption (PRE) limits annual assessment increases and reduces State Education Tax. You must file Form 2368 with the local assessor by May 1st annually. This credit caps assessment growth but requires active application - it is not automatic.
Q: How often are properties reassessed in Osceola County?
A: Properties are reassessed annually with notices typically mailed in March. The county conducts periodic reappraisals and physical inspections on rotating schedules to maintain assessment accuracy at 50% of market value.
Q: What is the deadline to appeal my property assessment?
A: Assessment appeals must be filed with the local Board of Review, typically meeting in March. The exact deadline is printed on your assessment notice. You can also appeal to the Michigan Tax Tribunal if unsatisfied with the Board of Review decision.
Q: What penalties apply for late property tax payments?
A: Interest accrues on unpaid taxes starting after 5 p.m. on the due date. Unpaid taxes become delinquent and are forwarded to the county treasurer, potentially leading to foreclosure proceedings after three years.
Q: Can I pay property taxes online in Osceola County?
A: Contact your local township or city treasurer for online payment options, as payment methods vary by municipality within Osceola County. Many jurisdictions offer online payment systems with convenience fees.
Q: Are senior citizens eligible for property tax credits?
A: Michigan offers various programs for seniors including the Homestead Property Tax Credit (Michigan Schedule H) for income-qualified residents. These require annual application through the state income tax return and are based on income limits.
Q: How do special assessment districts affect my tax bill?
A: Special districts for fire protection, libraries, ambulance services, and road maintenance add millage to your base county rate. Your total rate depends on which combination of districts serve your specific property location.
Q: What documentation do I need to apply for the homestead credit?
A: You need Form 2368 (Principal Residence Exemption Affidavit), proof of residency, and property deed information. The form must be filed with your local assessor's office by May 1st annually to maintain the exemption.
Q: How are property taxes calculated on new construction?
A: New construction is assessed at 50% of market value when completed. A supplemental tax bill covers the partial year, and the property enters the regular assessment cycle the following year. Homestead credits must be applied for separately and are not automatically transferred.
