What is a Principal Residence Exemption (P.R.E.), and how do I qualify?
Ans: If you own and occupy your home as a principal residence, it may be exempt from a portion of your local school operating taxes. A Principal Residence Exemption Affidavit issued under Authority of P.A. 237 of 1994 (available under the Forms Section of the Assessing Department) must be completed and filed with your township or city by May 1st. Owning means you hold the legal title, or you are currently buying it on a recorded land contract. (Renters should not file this form.) Occupying means your principal residence is the place you intend to return to whenever you go away. It is the address that appears on your Driver License or Voter Registration Card. Your children should attend school from this address, and your State Income Tax Form is received there. A Farmland Exemption or Agricultural Use Homestead is for property classified agricultural by the Assessor. To qualify, Contact the local Assessor for an explanation of details and request a copy of Form 2599. (The Principal Resi
Ans: If you own and occupy your home as a principal residence, it may be exempt from a portion of your local school operating taxes. A Principal Residence Exemption Affidavit issued under Authority of P.A. 237 of 1994 (available under the Forms Section of the Assessing Department) must be completed and filed with your township or city by May 1st. Owning means you hold the legal title, or you are currently buying it on a recorded land contract. (Renters should not file this form.) Occupying means your principal residence is the place you intend to return to whenever you go away. It is the address that appears on your Driver License or Voter Registration Card. Your children should attend school from this address, and your State Income Tax Form is received there. A Farmland Exemption or Agricultural Use Homestead is for property classified agricultural by the Assessor. To qualify, Contact the local Assessor for an explanation of details and request a copy of Form 2599.
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