Complete. MI-1040CR, Part 3, to determine the taxes eligible to be claimed for credit on your Michigan homestead. Deceased Claimant's Credit.A spouse claiming the credit must complete Form 5049 and include the total household resources for both spouses. This form must be filed with the assessor for the city or township where the property is located. Issued under P.A. 237 of 1994. Michigan Department of Treasury Form 2602 (Rev. The filing deadline is June 1 of the year the exemption is being claimed for a full year exemption. Click HERE to access the proper form. MI-1040CR TABLE B: for each Michigan homestead rented during 2016 and for. HOMESTEAD PROPERTY TAX CREDIT PHASE OUT each time rental amounts changed.