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New homes exempt from property taxes until sold

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A construction worker cuts tiles as he installs a roof on a home in a new subdivision being built in San Marcos, California April 23, 2010. REUTERS/Mike Blake
A construction worker cuts tiles as he installs a roof on a home in a new subdivision being built in San Marcos, California April 23, 2010. REUTERS/Mike Blake

LANSING (WKZO)  --  The Michigan House has approved a bill sponsored by Portage Rep. Margaret O’Brien that would exempt brand new homes from property taxes until they are sold.  She says it should encourage new construction by relieving the builder of an additional cost until a buyer comes along.She says the bill got bipartisan support, passing 74 to 33.  It now goes to the State Senate for their consideration. 

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