Home > Services & Departments > Assessing > Principal Residence Exemption

Principal Residence Exemption

   

Principal Residence Exemption (PRE)


Treasury: Principal Residence Exemption Doesn't Expire - The Michigan Department of Treasury is reminding Michiganders that a Principal Residence Exemption – known as a PRE – does not expire.

   

“Simply put, there isn’t an expiration date on a Principal Residence Exemption,” said acting Deputy State Treasurer Anne Wohlfert, who oversees Treasury’s State and Local Finance programs. “Homeowners who have claimed a Principal Residence Exemption do not have to refile the required form unless they move.”

  

A PRE exempts a residence from the tax levied by a local school district for school operating purposes up to 18 mills. To qualify for a PRE, a person must be a Michigan resident who owns or occupies the property as a principal residence.

  

For more information about property taxes, go to www.michigan.gov/propertytax or follow the state Treasury Department on Twitter at @MITreasury.

   

Guidelines for the Homeowner's Principal Residence Exemption

 

General Helpful Information

 

Homeowner's Principal Residence Exemption Affidavit

 

Request to Rescind Homeowner's Principal Residence Exemption

 

Conditional Rescission of Principal Residence Exemption

 

This page last updated on 5/7/2024.
 

3848 Veterans Drive | Traverse City, MI 49684 | 231-941-1620 | fax: 231-941-1588