Michigan Treasury Issues Principal Residence Property Tax Exemption Guidelines

The Michigan Department of Treasury Aug. 1 issued updated Principal Residence Exemption Guidelines. A principal residence exemption exempts an owner’s principal residence from the property tax levied by a local school district for operating purposes. The guidelines include information on: 1) ownership and occupancy requirements, and statutory disqualification factors; 2) claim requirements; 3) owner’s and foreclosure entity’s conditional rescissions; 4) partial exemptions; and 5) exemption denials and appeal rights. The treasury also provides contact information for answering queries that taxpayers may have. [Mich. Dep’t of Treasury, Principal Residence Exemption Guidelines, 08/01/21]

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