Principal Residence Exemption
The legislature for the State of Michigan has passed legislation to change the filing date and the name of what was the Homestead Exemption. This is the paperwork that a homeowner files in order to receive an 18 mill exemption from school operating taxes It is now called the Principal Residence Exemption. The name was changed because of the confusion with the income tax homestead credit.
The deadline for taxes levied after December 31, 2011 is June 1 for the summer tax levy and November 1 for the winter tax levy.
A Request To Rescind Principal Residence Exemption (PRE) (Form 2602) or a Conditional Rescission of Principal Residence Exemption (PRE) (Form 4640) must be filed with the local assessor for any previous claims.
There is no need to refile your paperwork if you are currently receiving a homestead. This affects those persons who are moving to or building new homes in the township.
Your property must have been your principal residence before June 1st or November 1st of the year in order for your taxes for that year to be exempt from the 18 mills.