Important Information for Property Owners with Delinquent Taxes On July 22, 1999, the Governor of Michigan signed Public Act 123 of 1999, which shortens the time property owners have to pay their delinquent taxes before losing their property under the process called tax reversion. Property owners with taxes that are 2 years delinquent will go through a foreclosure process and the property will be sold at public auction. Those who fail to pay their 2008 delinquent property taxes will lose their property to foreclosure in March 2011. The time period to pay delinquent taxes has been reduced from 5 years to approximately 2 years. These are significant changes, so DON’T WAIT TO PAY YOUR TAX!
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