Do not submit this form if the property is not your principal residence and/or any of the disqualifying factors 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin with Part 1: Property Information. Enter your Property Tax Identification Number accurately to ensure proper identification.
  3. Fill in the Name of Local Unit, selecting either Township or City, and provide the County information.
  4. Complete the Street Address of Property, ensuring it is a complete address. Then, enter your name and Social Security Number's last four digits.
  5. If applicable, include Co-Owner details including their name and last four digits of their Social Security Number.
  6. Indicate the date you owned and occupied the property, confirming it as your principal residence.
  7. In Part 2: Certification, sign and date the form. Ensure all information is accurate before submission.

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Non-qualified use means the period during which home was not used as the principal residence. Gain allocable to non-qualified use period is taxable as capital gain. The non-qualified use period does not include: The period after the last date the home was used as principal residence until the date of sale.
For tax purposes, a principal residence is the dwelling that a person inhabits most of the time. It does not matter whether it is a house, apartment, trailer, or boat as long as it is where the taxpayer lives for most of the year. A principal residence is also referred to as a primary residence or main residence.
You must be a Michigan resident to claim this exemption. You may claim your Michigan home only if you own it and occupy it as your principal residence. You may not have more than one principal residence.
U.S. Postal Service address, Voter Registration Card, Federal and state tax returns, and. Drivers license or car registration.
That is asking about any property taxes that you paid for properties other than your principal residence, such as property tax for a second home or land that you own.
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In order for the home to qualify as your principal residence, it must have been owned and used as the principal residence at least 2 out of the last 5 years. Clearly, if you moved out of your home and it has been on the market for more than 3 years, for tax purposes it is no longer considered your principal residence.

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