Bill Pulte Family Homestead Exemption Controversy Erupts

Close relatives of federal official Bill Pulte have claimed dual homestead tax exemptions. Mark and Julie Pulte claimed primary residence status on properties in both Michigan and Florida. This practice is generally prohibited in both states.

The exemptions were discovered following Bill Pulte’s public accusations against a Federal Reserve official. Michigan authorities revoked the Pulte family exemption after a Reuters inquiry.

Tax Authorities Take Action on Dual Claims

Homestead exemptions provide significant property tax discounts. They are reserved for a homeowner’s single primary residence. Claiming the break on multiple homes can result in fines and back taxes.

According to Reuters, Mark and Julie Pulte claimed exemptions in wealthy neighborhoods. One home is in Bloomfield Township, Michigan. The other is a waterfront property in Boca Raton, Florida. Local officials confirmed claiming both is not allowed.

After Reuters contacted them, Michigan tax authorities revoked the exemption. Revised tax bills with penalties will be issued to the Pultes. Florida officials noted their claim was older and said Michigan should handle the conflict.

Accusations Highlight Hypocrisy and Legal Scrutiny

The situation creates a stark contrast with Bill Pulte’s recent actions. He publicly accused Federal Reserve Governor Lisa Cook of similar activity. Pulte referred the matter to the Justice Department, prompting an investigation.

He also criticized Cook for renting out a home declared as a primary residence. Reuters found the Michigan property owned by his relatives was also rented out this year. A tenant was living there, which also violates homestead rules.

The Pulte family is prominent in conservative and real estate circles. The exemptions saved them thousands of dollars annually on each property. Experts stated such dual claims are rare and typically not permitted.

The Pulte family homestead case shows the serious consequences of dual residency claims. This controversy continues to develop under legal and public scrutiny.

Info at your fingertips

What is a homestead exemption?

It is a tax discount on a property. It applies only to a homeowner’s primary residence. The rules vary by state but generally forbid claiming it on multiple homes.

Why did Michigan revoke the Pulte exemption?

Authorities acted after a Reuters inquiry. They confirmed a family cannot claim two primary residences. The home was also found to be rented out, which further violates the rules.

What did Bill Pulte accuse Lisa Cook of?

He publicly accused the Federal Reserve Governor of fraud. He claimed she improperly declared primary residency on two properties. He referred the matter for a federal investigation.

What are the penalties for improper exemptions?

Homeowners typically must pay back taxes owed. They often face additional interest and financial penalties. The exact amount varies by local jurisdiction.



Trusted Sources: Reuters