4594, 2016 Michigan Farmland Preservation Tax Credit 4594, 2016 Michigan Farmland Preservation Tax C-2025

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Pursuant to MCL 211.51, senior citizens, disabled people, veterans, surviving spouses of veterans and farmers may be able to postpone paying property taxes.
The Farmland Preservation Tax Credit gives a share of the property tax paid on farmland back to farmland owners. Farmland owners qualify for credit by agreeing to keep the land as farmland and not develop it for another use. NOTE: This form must be filed with the Michigan Business Tax Annual Return (Form 4567).
Taxation #92. Agricultural property in Michigan is taxed at 50 percent above the national average, which is a significant cost.
Agricultural property in Michigan is taxed at 50 percent above the national average, which is a significant cost. We support: Lowering or eliminating agricultural property taxes in Michigan.
Under MCL 324.3601, certain farmland in Michigan may be enrolled in a development rights program by which the owner may receive state income tax credits for property taxes paid. To be eligible, the farm must be at least five acres in size and 51% or more of the property must be committed to an agricultural use.
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You were a Michigan Resident for at least 6 months of the year you are filing in. You have Total Household Resources (THR) under a specified amount adjusted annually. You own and occupy the homestead you are claiming for credit or you occupy your rental under a contract lease agreement.
Application Deadline To avoid penalty and interest, if you owe tax, postmark your return no later than April 15, 2025. The filing deadline to receive a 2024 property tax credit is April 15, 2029.

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