It was hot news in 1976, but today who knows about Michigan’s Mathieu-Gast Act?
If you’ve ever put a considerable amount of capital into rental maintenance in a single year, this is worth checking out. As long as a simple form is filed by the end of the year in which the work was completed, the typical increase on property taxes through an increase in Assessed Value can be halted until the next time the home is sold.
The Mathieu-Gast Home Improvement Act of 1976 was co-sponsored by state Sen. Harry Gast, R-St. Joseph, and state Rep. Thomas Mathieu around the concept that homeowners and landlords should not be penalized with higher taxes for making home improvements that benefit the community around them.
Certain stipulations do exist; for example, work conducted without necessary permits does not qualify. The Mathieu-Gast Act only applies to “normal maintenance.” According to Michigan.gov Bulletin 7 of 2014, the following repairs are considered “normal maintenance” if they are not part of a structural addition or completion:
(a) Outside painting.
(b) Repairing or replacing siding, roof, porches, steps, sidewalks, or drives.
(c) Repainting, repairing, or replacing existing masonry.
(d) Replacing awnings.
(e) Adding or replacing gutters and downspouts.
(f) Replacing storm windows or doors.
(g) Insulating or weather stripping.
(h) Complete rewiring.
(i) Replacing plumbing and light fixtures.
(j) Replacing a furnace with a new furnace of the same type or replacing an oil or gas burner.
(k) Repairing plaster, inside painting, or other redecorating.
(l) New ceiling, wall, or floor surfacing.
(m) Removing partitions to enlarge rooms.
(n) Replacing an automatic hot water heater.
(o) Replacing dated interior woodwork.
The Michigan.gov form complete with instructions & guidelines for filing are hosted HERE.
– Pete Bruinsma, Broker, Grand River Realty & Life Cycle Property Management
sources: Harold-Palladium, John Dobberstein, Jun 26, 1999, RPOAonline.org, GRcity.us
Congrats Joel Potrykus and Ashley Young for picking up this adorable West Side home at the top of the hill!
“Welcome to this adorable 3 bd, 1 bath home on the popular NW side of Grand Rapids! This home has more space than you might think at first glance! As you walk in, you’ll love the hardwood floors, open living/dining area with lots of light and a great view of the backyard, very functional kitchen with plenty of storage space, an updated bathroom with beautiful tile work and two bedrooms. Upstairs is the master bedroom with adjacent office area and walk in closet. Downstairs is a walk-out basement with family room, large utility/storage room with a bar. Brick paver patio out back with a private yard! One-stall garage here too!” – Keller Williams listing
New 4 bedroom 3 bath home walkout ranch home with 9′ ceilings thru out the home in Grandville Schools by RDI Homes. Home has main floor laundry, solid surface tops in the kitchen, fireplace with 10′ tall trey ceiling in the family room and much more.Lower level has 2 bedroom and 1 full bath. Large family rec room that walks out to 12’X12′ concrete patio. Large 2 1/2 car garage, with a large front porch. Landscaping, underground sprinkling and hydroseedin are included.
Life Cycle Property Management provides investment consulting and cash flow analysis services through Pete at Grand River Realty, and full service project management through Kory at Emerald Advantage. We keep our managed properties healthy, clean and aesthetically pleasing for landlords, tenants and the community around them.