Michigan Primary Residence Rental Taxes

[Louis Schmidt]

Hello!

I currently live in Michigan and am looking at moving out of state. I would like to keep my current residence and rent it out. Is anyone familiar with how the taxes work on that? Obviously my taxes are homesteaded right now, but would they become non-homestead if I move and keep it as a rental? My understanding in Michigan is that the taxes are "uncapped" when there is a change in ownership (title, deed) and then capped again at close of sale. Basically, I am trying to find out if my taxes will increase to non-homestead if I move out and make my primary home a rental or if they will stay as homestead since nothing actually changes. As anyone in Michigan knows, this is a drastic swing in cash flow. Thank you for any advice.