What is a Principal Residence Exemption (PRE)and how do I qualify?
A Principal Residence Exemption (PRE) currently results in a reduction by 18 mills to your tax bill. You must own and occupy your home by May 1 to quality for a Principal Residence Exemption on your December tax bill. You may list only one home as your primary residence. Principal Residence Exemption forms are available in the township office or on-line and must be completed, signed and returned to our office for processing. Once processed, your property will be listed up to 100% PRE. If you purchase and occupy your home after May 1, and the property was previously Principal Residence Exempt, it will remain so for the upcoming tax year. You must however, file a new Principal Residence Exemption form listing yourself as the new owner so that your exemption is reflected the following year. If your property was not Principal Residence Exempt the previous year, and you purchase and occupy it after May 1, it will remain 0% PRE for that tax year. If you move into a new home after May 1, you
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