Get Sample Poverty Exemption Application - Michigan.gov

You were a resident of Michigan for at least six months during the year. You own or are contracted to pay rent and occupy a Michigan homestead on which property taxes were levied. If you own your home, your taxable value is $143,000 or less. Your total household resources are $63,000 or less.

Property Tax Exemption An eligible person must own and occupy his/her home as a principal residence (homestead) and meet poverty income standards. The local Board of Review may interview the applicant in order to determine eligibility, ing to the local guidelines, and will review all applications.

The personal exemption amount for 2023 is $5,400.

To claim an exemption, complete the Homeowner's Principal Residence Exemption Affidavit (Form 2368) and file it with your township or city assessor.

Seniors may claim the homestead property tax credit up to four years from the annual date (April 15) set for filing the claim. The credit may be allowed if a senior meets the following criteria: a. Applicant or spouse of applicant must reach age 65 by December 31 of the tax year.

Exemption allowances and the tax rate: $5,000 for personal and dependent exemptions. $2,900 for special exemptions. $400 for qualified disabled veterans.

Property Tax Exemptions Air Pollution Control Exemption. ... Attainable Housing Exemption. ... Brownfield Redevelopment Authority. ... Charitable Nonprofit Housing Exemption. ... Commercial Facilities Exemption. ... Commercial Rehabilitation Act. ... Disabled Veterans Exemption. ... Industrial Facilities Exemption.

For the 2022 income tax returns, the individual income tax rate for Michigan taxpayers is 4.25 percent, and the personal exemption is $5,000 for each taxpayer and dependent. An additional personal exemption is available if you are the parent of a stillborn child in 2022.