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Updated almost 10 years ago,

User Stats

6
Posts
2
Votes
Ricky Fleming
  • Investor
  • Ann Arbor, MI
2
Votes |
6
Posts

Homestead Tax and LLC (MI)

Ricky Fleming
  • Investor
  • Ann Arbor, MI
Posted

I'm looking to purchase a triplex, live in one unit and rent out the other two, but I'm unsure of how the homestead property tax would work. I'd like my LLC to own the property for protection, but does that mean the property then becomes a non-homestead and it gets taxed at a higher rate?

Or because I own the LLC and the property is owner occupied, the property still qualifies as a primary residence?

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