Frequently Asked Questions

Tax and Assessing Frequently Asked Questions When will my property be evaluated?

How is my assessed value determined?

Why do assessed values change from year to year?

What is the difference between assessed value and taxable value?

If I repair my home will my assessment go up?

What is a Property Transfer Affidavit?

What is "uncap"?

How can I appeal my assessed value?

What is a Principle Residence Exemption?

What is the deadline for filing a Principle Residence Exemption affidavit?

I moved to a different home before the May 1 filing deadline. May I claim my new home?

Can I, as closing agent, be held liable to a buyer or seller if the buyer is not granted a homestead exemption because I did not provide either an update or an affidavit form, or I did not submit their form on time?

RESIDENCY: What determines principal residence?

I own two homes in Michigan. For which home do I claim the exemption?

I have a home in Michigan and in another state. May I claim an exemption on my Michigan home?

OWNERSHIP: May renters file for this exemption?

QUALIFIED HOMESTEAD PROPERTY: I live in a nursing home but still maintain a home. May I claim an exemption on the home I own?

MULTI-PURPOSE PROPERTY: I live in part of my home and operate a business in another part. May I claim an exemption?

I rent a room in my home to a boarder. May I still claim an exemption?

I own a duplex. I live in one unit. My father lives in the other unit but does not pay rent. May I claim an exemption on both units?