This is your opportunity to amend the ESA statement that was filed on the MI Form 5278 back in February by adding or removing parcels. MTO is where you will view your statement, see any correspondence from the Treasury, certify and pay the ESA Tax. All changes must be completed and submitted by August 15, 2016 along with payment to avoid any penalties.
Penalties can accrue at a rate of 1% per week up to 5% if the amount due is not paid on time; however you have until September 15th to amend your ESA statement where penalties can be waived for the eligible claimant’s first assessment year.
For more helpful tips, register for our complimentary webinar where we’ll discuss the ESA filing changes you should know about.