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Formerly known
as the Homestead Exemption, Principal Residence Exemption allows a
homeowner to claim an exemption from school operating tax of
almost 18 mills on the primary residence that they
own and occupy.
General Information
To claim an exemption, you must complete the Principal
Residence Exemption Affidavit and file it with your
township or city assessor by May 1st.
of the year of the claim. Note that this is an exemption from part
of the taxes and does not affect your assessment.
Owning
Owning means you hold the legal title to the principle
residence or that you are currently buying it on a notarized or
recorded land contract. Renter should
not file this form.
Occupying
Occupying means this is your principle residence, the place
you intend to return to whenever you go away. It is the address
that appears on your Drivers License,
& Voters Registration
Card. You may have only one Principal Residence at
a time. Vacation homes and income property which you do not occupy
as your principle residence may not be claimed.
Affidavits
Affidavit forms can be obtained by contacting the local
assessors office or by clicking on the link to the
State of Michigan Website
and downloading the form. |
