Property Ownership
In Michigan, which government power allows the state to collect property taxes, which is a lien on real property?
APolice power
BTaxation✓ Correct
CEminent domain
DEscheat
Explanation
The government's power of taxation enables it to levy property taxes, which become a lien on the property. Michigan property tax liens are superior to most private liens and can result in tax foreclosure if unpaid for the statutory period.
Related Michigan Property Ownership Questions
- In Michigan, a 'fee simple defeasible' estate means:
- Michigan's Homestead Property Tax Exemption (PRE) is available only to owners who:
- In Michigan, which government power allows the state to regulate private property use for public health and safety without compensation?
- In Michigan, a life estate 'pur autre vie' is measured by:
- In Michigan, a mechanic's lien (construction lien) filed on a residential property must be enforced within how many months of the last date of providing labor or materials?
- In Michigan, an 'appurtenance' is best described as:
- In Michigan, a cooperative (co-op) housing arrangement differs from a condominium in that in a co-op:
- In Michigan, a 'homestead' declaration provides a homeowner with protection from:
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →