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You are only allowed to claim rent and taxes on homesteads located in Michigan. Your claim must be based on the tax or rent for 12 months on only one home. The total household resources must be the combined income of both you and your spouse for the entire year. This form can be found at .michigan.gov/taxes.
Michigan Homestead Property Tax Credit Claim MI-1040CR The credit, for most people, is based on a comparison between total household resources and the property taxes, rent, or other fees paid on a Michigan homestead.
You were a resident of Michigan for at least six months during the year. You own or are contracted to pay rent and occupy a Michigan homestead on which property taxes were levied. If you own your home, your taxable value is $154,400 or less. Your total household resources are $67,300 or less.
Property Tax Exemption An eligible person must own and occupy his/her home as a principal residence (homestead) and meet poverty income standards. The local Board of Review may interview the applicant in order to determine eligibility, ing to the local guidelines, and will review all applications.
Seniors are entitled to a homestead property tax credit equal to up to 100% of the amount their property taxes exceed 3.5% of their income, up to $1,200.
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You may qualify for a homestead property tax credit if all of the following apply: Your homestead is in Michigan. You were a resident of Michigan for at least six months during the year. You own or are contracted to pay rent and occupy a Michigan homestead on which property taxes were levied.
You may claim a property tax credit if all of the following apply: Your homestead is located in Michigan You were a Michigan resident at least six months of 2022 You own your Michigan homestead and property taxes were levied in 2022, or you paid rent under a rental contract.
Homestead Property tax credit For homeowners, your taxable value must be $154,000 or less. For both homeowners and renters, your total household resources must be $67,300 or less.

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