The Homeowner's Principal Residence Exemption Affidavit allows you to claim an exemption on your home which will lower your school tax bill. For you to be eligible for this exemption, you must own and occupy your house as your legal principal residence by May 1 of each year. This form is filed at the Assessor's Office and is good until you sell your house or change the use of your property to a second home or to a rental home.
You may only claim one house as your principal residence.
Forms can be downloaded and printed then can be mailed to the Department of Assessment, 16901 Michigan Ave, Suite 5, Dearborn, MI, 48126. The forms can be viewed and printed using Adobe Acrobat software.
If you are selling your property or changing the use of the property to a second home or rental property, a Request to Rescind Principal Residence Exemption form must be filled out and provided to the Assessor's office.
An owner may receive the PRE on the previous principal residence for up to three years if that property is not occupied, is for sale, is not leased, and is not used for any business or commercial purpose.
This is an example of a house with a $50,000 taxable value using a $24.1493 per thousand of value homestead school millage rate vs. a $36,2843 non-homestead school millage rate.
|100% Homestead Exemption
||0% Homestead Exemption
|$1,207 per year in school taxes
||$1,814 per year in school taxes