Michigan Homestead Exemption

Michigan Homestead Exemption

The name also clarifies that the exemption is for homeowners, not renters, and that only one exemption can be claimed and it must be on the principal residence. Many of the form names have not been changed and we will update our reference as the changes are made.

You may claim a property tax credit if all of the following apply:
  • Your homestead is located in Michigan.

  • You were a Michigan resident at least six months of 2008.

  • You pay property taxes or rent on your Michigan homestead.
You can have only one homestead at a time, and you must be the occupant as well as the owner or renter. Your homestead can be a rented apartment, or a mobile home on a lot in a mobile home park. A vacation home or income property is not considered your homestead.

Michigan Homestead Exemption - State of Domicile

Your homestead is in your state of domicile. Domicile is the place where you have your permanent home. It is the place you plan to return to whenever you go away. Even if you spend the winter in a southern state, your domicile is still Michigan. College students and others whose permanent homes are not in Michigan are NOT Michigan residents. Domicile continues until you establish a new permanent home.

Property tax credit claims may not be submitted on behalf of minor children.

You may not claim a property tax credit if your household income is over $82,650. The computed credit is reduced by 10 percent for every $1,000 (or part of $1,000) that household income exceeds $73,650. If filing a part-year return, you must annualize household income to determine if the income limitation applies.

Form an LLC

Form a limited liability company online. Learn more about the tax benefits of forming an LLC.

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