What must a homeowner do to qualify for the Homestead Exemption?

To qualify for the Homestead Exemption in Michigan, a homeowner must use the property as their principal residence and file the required form. This exemption is designed to provide tax relief to homeowners by lowering their taxable value, effectively reducing their property tax bill.

The requirement of using the property as a principal residence ensures that the benefits of the exemption are directed toward individuals who live in their homes, rather than investors or those owning multiple properties. Filing the necessary paperwork is essential in the process to officially request the exemption and confirm that the homeowner meets the residency criteria.

Other options, such as owning the property for a set number of years, paying property taxes on time, or renovating the property, do not directly pertain to the qualifications for the Homestead Exemption. It’s not contingent on how long the homeowner has owned the property, nor is it dependent on timely tax payments or improvements made to the home. The primary focus remains on residency and proper documentation for the exemption.