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"It's called a poverty exemption, and not many people are aware of it," said Lapeer County Treasurer Sally Eilersen. "It's a state-wide system, but each township or city sets its own rules, using the federal poverty guidelines."

The exemption won't stop a bank repossession, but it could offer relief to those forfeiting their homes because of unpaid taxes.

"It's for people who are asset rich and cash poor," Eilersen said. "Many residents live in homes that are already paid for or they owe very little on them. Their financial situation could have changed through the death of a spouse or the loss of a job, and they're unable to pay their taxes."

Those meeting township or city standards may have their current year taxes either reduced or waived.

"The board of review can reduce the current year taxes by one-fourth, one-half or all of it," Eilersen said. "This is real help and is available. Many people just don't know about it."

Those needing a break must have their application submitted before the Dec. 9 deadline when their municipal board of review is scheduled to meet. The form asks for information such as name, address, phone number and financial data such as investments and monthly expenses. It must be accompanied by proof of income such as a W2 and income tax forms, said Elba Township Board of Review Chairman Linda Bolte.

"The Board of Review will review it and each member of the board will vote at the Dec. 9 board meeting," Bolte said. "The three members are considered one vote and the township supervisor is one vote."

So far this year three residents have applied, about average for Elba Township. But as the economy nose dives and word of the exemptions spreads, that number is expected to go up. Exemptions are for a one year period, so even if people are approved, they must reapply the next year.

"I don't think a lot of people know they can apply," Bolte said. "Also if a person submits an application and is not satisfied, they can appeal to the Michigan Tax Tribunal"

For those meeting guidelines, the county is able to give in arrears taxpayers additional time to make payments, but that municipality can't reduce the amount owed.

"People may apply here at this office for a county hardship application," Eilersen said. "All I can do here is give people more time who are delinquent, but interest and fees will still be due."

For information on the poverty exemption, contact your township or city municipal offices well before Dec. 9.

To inquire about additional time with the county, call Eilersen's office at (810) 667-0239.