A tax credit for qualified Michigan home owners and renters, which helps to pay some of the property taxes homeowners or renters have been billed. Complete Part 3 (lines 45-51) of the MI-1040CR to determine the taxes that can be claimed.Use only taxes levied in the year of the claim, then prorate taxes Who May Claim a Property Tax Credit. You may claim a property tax credit if all of the following apply: • Your homestead is located in Michigan. Homestead Property Tax Credits are filed with the State of Michigan. An applicant should com- plete both Form MI-1040CR and Form MI-1040CR-2, and return whichever form gives a larger credit, if the applicant is any of the. Use form MI-1040CR, or if you are blind, in the active military, are an eligible veteran or an eligible veteran's surviving spouse, request form MI-1040CR-2. The affidavit has to be filed with our office on or before June 1st to be applied to the current tax year. If you own and occupy your principal residence, it may be exempt from a portion of your local school operating taxes.
