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GPBR Sponsoring Trolley Ride for "Live. Stay. Play." Promotion
News
Thursday, 01 September 2011

Trolley Ride in Grosse Pointe

The Grosse Pointe Board of Realtors will be sponsoring a Trolley Ride on Sunday, September 25th as part of the Grosse Pointe Chamber of Commerce's Live. Stay. Play. promotion. The Trolley ride will be guided by a representative of from the Grosse Pointe Historical Society, who will point out places of historical significance.

Tour Times:

1pm & 2:30pm
Sunday, September 25th

Departing from:

Grosse Pointe South High School
11 Grosse Pointe Blvd, Grosse Pointe Farms

Tours are approximately 45 minutes and there are no stops. Refreshments will be served and participants will receive a goody bag. There are no reservations required, seats are first come, first served, so please arrive early to secure a spot!

Following the tour, the Grosse Pointe Board of Realtors will be having an extended Open House event from 2pm - 5pm at listings throughout the area.


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Rep. Blesdoe to Host Coffee Hours at GPBR Office
Events
Thursday, 18 August 2011

Rep. Tim Blesdoe (D-Grosse Pointe) will be available for one-on-one or small group discussions regarding the Schools of Choice proposal.

The two sessions are scheduled for:
Monday, August 22 | Board Office
9:30am - 11am
4:00pm - 5:30pm

Residents can drop-in during these times. Anyone with questions about the coffee hour sessions is encouraged to call Bledsoe’s office at 517-373-0154 or email him at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

We are located at 710 Notre Dame. There is limited parking available in our lot, but we are just a short walk from the municipal lot (behind Starbucks) and there is also metered street parking.

 
Proration Legislation up in Senate Finance Committee
News
Wednesday, 08 June 2011

Legislation has been re-introduced this legislative session to provide much needed property tax relief to Michigan homebuyers.

Senate Bill 349, introduced by Senator Dave Hildenbrand (R-Lowell) allows buyers to take advantage of the Principal Residence Exemption even if they purchase a home after the May 1st filing deadline.

Under current law, homeowners may file a principal residence exemption on their primary home in Michigan. This exemption provides significant tax relief to those citizens that choose to call this state “home.” In order to claim this exemption, one must file the principal residence affidavit with their local government by May 1st. Buyers purchasing homes after the May 1st deadline, are hit with up to an additional 18 mills of non-homestead property taxes until the following year. This additional property tax burden is standing in the way of new homeownership and otherwise taxing those people that have declared Michigan their home, though they purchased after the deadline.

This legislation has become particularly important since “non principal residence” properties, specifically foreclosures, have flooded Michigan’s real estate market in recent years. The current situation prices buyers out of homes by forcing them to qualify for a mortgage at the higher tax rate. Those buyers that are able to purchase after May 1st are consequently stuck with a significant tax burden for the remainder of the year despite making that new purchase their principal residence. This bill would alleviate some of that pressure by prorating the tax liability for those who purchase a home after May 1st.


 

 
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