Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
Can I claim a homestead property tax credit if I moved into/out of Michigan during the year?
You may be eligible to claim 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.
- If you own your home, your taxable value is $160,700 or less.
- Your total household resources are $69,700 or less. Part-year residents must annualize total household resources to determine if the credit reduction applies.
- Your total household resources do not consist solely of payments received from the Michigan Department of Health and Human Services.