Homestead Act For Property Taxes In Wayne
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FAQ
To receive the benefit of the homestead exemption, the taxpayer must file an initial application. In Wayne County, the application is filed with the Tax Commissioners Office. The application must be filed between January 1 and April 1 of the year for which the exemption is first claimed by the taxpayer.
If you own a home and use it as your primary place of residence, your home and up to one acre of land could qualify for homestead deductions on your property tax bill.
The State of Michigan does not currently offer a property tax exemption for senior citizens. However, Senior Citizens are entitled to the Homestead Property Tax Credit.
You can claim a property tax credit if all the following apply: Your homestead is in Michigan (whether you rent or own). 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.
The taxable value is the value on which property taxes are calculated. It can be found on the property tax statement or by contacting the local assessor.
You must live in the home to qualify for the tax break. Some states exempt a certain percentage of a home's value from property taxes, while other states exempt a set dollar amount. If your state uses a percentage method, the exemption will be more valuable to homeowners with more valuable homes.
A property tax exemption for real property owned and used as a homestead by a disabled veteran or the disabled veteran's un-remarried, surviving spouse.
