My accountant tells me that I do not qualify for a homestead, should I still file it?
Accountants often confuse the Principal Residence Exemption Affidavit with the "Homestead Property Tax Credit". These are 2 separate filings. The Principal Residence Exemption Affidavit is filed with your city or township and can reduce the school portion of a homeowner's property tax bill; if they qualify. While the "Homestead Property Tax Credit" relates to the filing of your yearly income tax return with the State of Michigan and has nothing to do with your eligibility for reduced property taxes on your home.

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1. What is a Principal Residence Exemption Affidavit, and why do I have to file it?
2. What is a Property Transfer Affidavit?
3. My accountant tells me that I do not qualify for a homestead, should I still file it?
4. I no longer have a business in the City of Bloomfield Hills, yet I am still receiving tax bills for the personal property. Why is this?
5. When are taxes delinquent?
6. What is the Millage rate in Bloomfield Hills?
7. If I do not receive my tax bill and I miss the due date am I liable for the interest and penalties?
8. Is there any relief in taxation for Senior Citizens?
9. If the SEV decreases, will I pay more or less in property taxes?
10. Why won’t my taxes decrease if my property value is going down?