If you own and occupy your home as your principal residence, you may be eligible for a Principal Residence Exemption (PRE). Parcels with a valid PRE are exempt from a portion of the school operating millage rates. Your Assessment Notice and Tax Bill will indicate whether your home is 100% PRE, or some percentage thereof.
To claim an exemption, the owner/occupant must file Michigan Department of Treasury form 2368 with the local assessor in the community where the property is located. The deadline to file form 2368 is June 1 for the summer tax levy and November 1 for the winter tax levy.
Within 90 days of when you no longer own and/or occupy the property as a principal residence, you must complete and file with the local assessor, a Request to Rescind Principal Residence Exemption (PRE) Michigan Department of Treasury form 2602. Alternatively, the property may be eligible for a "Conditional Rescission" if another PRE has been established and if the home is for sale. The property owner must file a Conditional Rescission of Principal Residence Exemption (PRE), Michigan Department of Treasury, form 4640 to determine eligibility.
Please read the Michigan Department of Treasury forms carefully to ensure eligibility. The forms are available at www.michigan.gov or at the Assessors Office. Please contact the Assessing Office should you have any questions about Principal Residence Exemptions.