DETROIT — Beginning June 15, Wayne County residents facing foreclosure can enter payment plans to take care of back property taxes for 2021 and earlier.

The Wayne County Treasurer’s Office offers several payment plan options  to help  taxpayers avoid foreclosure and pay back property taxes over certain time periods:

Interest Reduction Stipulated Payment Agreement (IRSPA). This plan reduces the interest rate from 18 to 6 percent. Eligible taxpayers must own and live in the home and have a Principal Residency Exemption (PRE) and identification that proves residency.

Stipulated Payment Agreement (SPA). This allows a payment plan over a 10-month period. The taxpayer can avoid foreclosure if payments are made according to the agreed-upon schedule.

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Wayne County residents facing foreclosure can apply for payment plans now