If two or more individuals are contracted to pay rent and occupy the rental property, each may file a homestead property tax credit. If you file a joint federal return, you must file a joint property tax credit.Married couples who file married filing separate must include the total household. Michigan offers the Homestead Property Tax Credit and the Home Heating Credit for both renters and homeowners. You should see "Homestead Property Tax Credit" under the section titled "Personal, home, and family credits". â–« The Homestead Property Tax Credit. (MI-1040CR). By using this tool, you will be able to easily verify if you qualify for the Homestead credit and then complete the application. Regarding a Homestead. 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. As married for federal tax purposes must claim either married.