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Principal Residence Exemption (Homestead Exemption) Information
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A homestead exemption now known as a principal residence exemption may be used by a person who owns and occupies a home as their principal residence. If this is true, the person may claim an exemption from the 18 mills levied by local school districts for operating purposes.
Recently, the Michigan State Legislature passed Public Act 105 of 2003 known as the Michigan Homestead Exemption Audit. Charlevoix County has provided reference information assisting property owners to understand how the exemption is properly claimed.
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More Information About PA 105 of 2003
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More Information About PA 105 of 2003
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MICHIGAN HOMESTEAD EXEMPTION AUDIT - PUBLIC ACT 105 OF 2003
Persons who own and occupy their home as their principal residence may claim an exemption from the 18 mills levied by local school districts for operating purposes.
Persons do not qualify for a Michigan homestead exemption if they claim a homestead or similar exemption in another state, file a Michigan income tax return as a non-resident or file an income tax return for another state as a resident or file a joint income tax return and claim a homestead exemption on two or more properties. Military personnel who file Michigan income tax returns as non-residents may still be eligible for a homestead exemption.
July 1 - November 1, 2003 Amnesty Period:
Persons incorrectly claiming a homestead exemption in 2003 and prior years can have the penalty interest waived if they voluntarily come forward during the amnesty period and rescind the homestead exemption for the years the homestead exemption was incorrectly
claimed. At the expiration of the amnesty period, penalty interest will be
charged at the rate of 1.25% each month to the date the 18 mills would have appeared on the tax bill. "Request to Rescind/Withdraw Homestead Exemption" forms can be obtained at the office of the county treasurer.
May 1, 2003 and each year thereafter:
The date that property must be owned and occupied in order to claim a homestead exemption for the 18 mills is May 1 of each year. To qualify for a homestead exemption in 2004 and each year thereafter the property must be owner occupied and declared as homestead.
Principal Residence Exemption:
New laws are being introduced to change the name from "homestead exemption" to "principal residence exemption". The change is being made to avoid confusion between the homestead exemption and the homestead property tax credit that can be claimed against the Michigan income tax. When the law is enacted, persons currently claiming a homestead exemption will not be required to file a new form.
If you are unsure if you qualify for a homestead exemption (principal residence exemption) please call your County Treasurer at (231)547-7202 or your Equalization Director at (231)547-7230.
Marilyn Cousineau
Charlevoix County Treasurer
Tom Wolf
Charlevoix County Equalization Director
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This page last updated on 2/22/2005.
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