Assessing
Principal Residence Exemption Program
Since voters passed Proposal A in 1994, persons who own and occupy their home as their principal residence may claim an exemption from the 18 mills levied by the local school districts for operating purposes.
Exemption Name Changed
Another pertinent change is the name of the exemption. Effective January 1, 2004, the name of the homestead exemption will be changed to ?Principal Residence Exemption.? This is to avoid any confusion with the ?homestead property tax credit? claimed against Michigan income tax.