Homeowner’s Principal Residence Exemption
The Affidavit for Homeowner’s Principal Residence Exemption
allows you to claim an exemption from some school operating
taxes. For your homestead to be eligible, you must own and
occupy your property as your principal residence and have
filed a homestead exemption affidavit by May 1st. Once filed
and granted, it is valid for as long as you own and occupy the
property as your principal residence.
Homestead is that portion of a dwelling that is subject to
ad valorem (according to value) taxes and is owned and
occupied as a principal residence by an owner. Homestead also
includes all of an owner's unoccupied property classified as
residential that is adjoining or contiguous to the dwelling
subject to ad valorem taxes and that is owned and occupied as
a principal residence by the owner.
Principal residence is the one place where a person has his
or her true fixed and permanent home to which, whenever
absent, he or she intends to return and that shall continue as
a principal residence until another principal residence is
established.
Homeowner’s Principal Residence Exemption Affidavit
Request to Rescind/Withdraw Homeowner's Principal Residence
Exemption
Conditional Rescission Principal Residence Exemption
This form enables a person who has
established a new principal residence to retain a Principal
Residence Exemption (PRE) on property previously exempt as the
owner's principal residence. The conditional rescission allows
an owner to receive a PRE on his or her current property and
on previously exempted property simultaneously if certain
criteria are met. 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.
Changes to the Homestead Exemption
as Required by Public Act 140
Public Act 140 of 2003, signed by Governor Granholm on July
31, 2003, with an effective date of January 1, 2004, provides
that the word “Homestead” be removed from the exemption
statutes and is replaced by the words “Principal Residence.”
While Public Act 140 of 2003 uses the words “Principal
Residence,” the exemption will be known as the “Homeowner’s
Principal Residence Exemption” so that a renter does not
mistakenly file for the exemption.
If you purchased your homestead after May 1 this year, to
claim the homestead exemption, if you have not already done
so, you are required to file an affidavit on or before May 1
next year.
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Charter Township of Bloomfield
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P.O. Box 489
Bloomfield Hills, MI 48303-0489
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