Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
You must live in the home to qualify for the tax break. Some states exempt a certain percentage of a home's value from property taxes, while other states exempt a set dollar amount. If your state uses a percentage method, the exemption will be more valuable to homeowners with more valuable homes.
Homestead Property Tax Credits are filed with the State of Michigan. You should complete the Homestead Property Tax Credit Claim form (MI-1040CR) to see if you qualify for the credit.
Pursuant to MCL 211.7u, eligible low-income homeowners may apply for an exemption from property taxes. An eligible person must own and occupy his/her home as a principal residence (homestead) and meet poverty income standards.
The taxable value is the value on which property taxes are calculated. It can be found on the property tax statement or by contacting the local assessor.