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
Homeowner's Principal Residence Exemption Affidavit
Request to Rescind Homeowner's Principal Residence Exemption
Conditional Rescission of Principal Residence Exemption