In Michigan, there are various property tax exemptions and reductions available, and eligibility criteria can vary. Here are some common categories of individuals or properties that may qualify for property tax exemptions in Michigan:
Principal Residence Exemption (PRE):Michigan residents may qualify for the Principal Residence Exemption (PRE) on their property taxes if the property is their principal residence. This exemption reduces the taxable value of the property for school operating taxes.
Disabled Veterans:Disabled veterans may be eligible for property tax exemptions in Michigan. The exemption is available to veterans with a service-connected disability, as determined by the U.S. Department of Veterans Affairs. The disabled veteran and their unremarried surviving spouse may qualify.
Blind Persons:Blind individuals may qualify for a property tax exemption in Michigan. To be eligible, the individual must be legally blind.
Agricultural Property Exemption:Michigan offers property tax exemptions for agricultural property. These exemptions are intended to support agricultural activities, and eligibility criteria may include the size and use of the property.
Historic Property Exemption:Owners of historic properties may qualify for property tax exemptions based on the historic significance of the property. This program encourages the preservation of historic structures.
Disabled Persons:Michigan provides property tax relief for certain disabled individuals. The exemption is available to individuals who are totally and permanently disabled and meet specific criteria.
Charitable Organizations:Properties owned by certain charitable organizations may be eligible for property tax exemptions. These exemptions are typically based on the nonprofit status and use of the property.
Low-Income Homeowners:Some local jurisdictions in Michigan may offer property tax relief programs for low-income homeowners. These programs often have income and asset limitations.
Surviving Spouses of Veterans:Surviving spouses of certain veterans may be eligible for property tax relief in Michigan. The specific eligibility criteria may vary.
Renaissance Zone Exemption:Properties located in designated Renaissance Zones may qualify for property tax exemptions. These zones are designated to encourage economic development and revitalization.
It's important to note that the availability and details of property tax exemptions can vary by local jurisdiction within Michigan. Homeowners should contact their local assessor's office or city/township government to inquire about available exemptions and the eligibility criteria that apply in their specific area.
Always check with local authorities or a tax professional for the most accurate and up-to-date information regarding property tax exemptions in Michigan.
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