Pursuant to MCL 211.7u, eligible low-income homeowners may apply for an exemption from property taxes. You should complete the Property Tax.Credit Claim form (MI-1040CR) to see if you qualify for the credit. You should complete the Homestead Property Tax Credit Claim form (MI-1040CR) to see if you qualify for the credit. The homestead (the principal place of residence) is in. Michigan and has a taxable value of no more than. Michigan Department of Treasury Form 2368 (Rev. 6-99), Homestead Exemption Affidavit, is required to be filed if you wish to receive an exemption. Is there a filing deadline to request a homestead exemption? Can I have dual homestead if I am selling my house?