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What exactly is the Michigan Homestead Property Tax Credit?

April 26, 2017credit homestead Michigan

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What exactly is the Michigan Homestead Property Tax Credit?

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Posted

The Michigan homestead property tax credit is a method through which some taxpayers can receive a tax credit for an amount of their property tax that exceeds a certain percentage of their household income. This program establishes categories under which homeowners or renters are eligible for a homestead property tax credit. Please consult with your tax preparer to determine if you are eligible for this important and valuable tax credit.