ARE YOU A NEW PROPERTY OWNER? OR HAVE YOU ADDED / REMOVED OWNERS OF YOUR PROPERTY BY QUIT CLAIM DEED?
Make sure that you have filed a Property Transfer Affidavit and a Homeowners Principal Residence Exemption Affidavit with the assessors office.
PROPERTY TRANSFER AFFIDAVIT
New property owners are required to file a Property Transfer Affidavit within 45 days of the date of the property transfer to avoid penalties. (This includes transfers of property ownership between family members.)
Property ownership can be conveyed by warranty deed, quit claim deed, transfers to a trust (depending on the designated beneficiaries and/or contingent beneficiaries of the trust) and leases, among others. The assessor reviews these documents to determine ownership transfers which will cause an uncapping of taxable value in the subsequent year.
HOMEOWNERS PRINCIPAL RESIDENCE EXEMPTION AFFIDAVIT
If you own and occupy the property as your principal residence, you should file the Homeowners Principal Residence Exemption Affidavit. This will entitle you to an exemption from the 18 mills of school operating taxes on your property tax bill.
If you currently have an exemption on a property that you no longer reside in, you should file a Request to Rescind Homeowner's Principal Residence Exemption affidavit. Michigan law allows you to claim no more than one principal residence.