If you own a home and use it as your primary place of residence, your home and up to one acre of land could qualify for homestead deductions on your property tax bill.

S2028A (ACTIVE) Summary Establishes a real property tax exemption for the primary residence of veterans with a 100 percent service connected disability.

You must be a Michigan resident to claim this exemption. You may claim your Michigan home only if you own and occupy it as your principal residence.

Michigan veterans with 100% disability status are eligible to receive full disabled veteran property tax exemption. Minnesota. Mississippi. Missouri. Montana. Nebraska. Nevada. New Hampshire. New Jersey.

The exemption offers eligible homeowners the opportunity to shield up to $28,000 of the market value of their homestead (a dwelling and up to one acre of land) from property taxation. For example, if a home is valued at $100,000, the property tax will generally be billed as if the home were valued at $72,000.

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Eligible Veterans must submit the initial exemption application form to the assessor. There is a deadline for filing.The Eligible Funds Exemption is for veterans who bought homes using "eligible funds," including pensions, bonuses, insurance, and mustering out pay. Additional exemptions are available for each person in the household who is disabled or is a qualified disabled veteran. Available Tax Exemptions and Deductions: Senior Citizen, Disabled Persons, Surviving Spouse. • Group C: Certain Disabled Veterans and Their Widow(er)s. To receive the benefit of the homestead exemption, the taxpayer must file an initial application. For more information call the Supervisor of Assessments' Office at 630-407-5858. An application must be completed and filed in the Property Valuation Office along with documentation verifying age. In order to qualify, the disabled veteran must own the home and use it as a primary residence.

Homestead Exemption For Disabled Veterans In Wayne

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