Assessing FAQ

When will my property be evaluated?

Why do assessed values change from year to year?

If I repair my home will my assessment go up?

What is a Property Transfer Affidavit?

What is the deadline for filing a principle residence exemption affidavit?

I moved to a different home before the June 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 principle residence exemption because I did not provide either an update or an affidavit form, or I did not submit their form on time?

RESCINDING AN EXEMPTION: When I claim an exemption on my new residence, what happens to the exemption on the residence I sold?

I am moving into a new home and converting my current home to a rental property in November. Do I have to rescind the exemption on my current home?

What happens when a lender has foreclosed on a mortgage and the home is now vacant?

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?

My children own my home, but I hold a life estate. May I claim the exemption?

I am leasing my home with an option to buy. May I claim my home?

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

I own the lot adjoining and contiguous to my home, and it has a different property identification number than the parcel on which my homestead is located. May I also claim an exemption on this property?

MULTI‐PURPOSE PROPERTY: I live in part of my home and operate a business in another part. May I 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?