Officials clear up misinformation about Michigan's Principal Residence Exemption
The Michigan Department of Treasury wants to reassure residents the Principal Residence Exemption has not expired. Inaccurate information has been shared on social media recently and has led to an increase in phone calls about the exemption.
The social media posts claim residents will experience a large increase in property taxes because the exemption expired. That is not true.
“Simply put, there isn’t an expiration date on a Principal Residence Exemption,” said acting Deputy State Treasurer Anne Wohlfert. “Homeowners who have claimed a Principal Residence Exemption do not have to refile the required form unless they move.”
For more information about property taxes, go to www.michigan.gov/propertytax.