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Michigan Principal Residence Exemption Affidavit 09 09 Form

Michigan Principal Residence Exemption Affidavit 09 09 Form

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everybody this is Aaron with access property management group come to you today from West Palm Beach Florida beautiful palm trees in the background I wanted to talk a little bit today about the homestead property tax exemption sometimes called the principal residence exemption this is a in Michigan it's a reduction of 18 mils each year on your property taxes for the home that you live in as your principal residence you know a lot of time first-time landlords when they move out of their home and they want to lease the home that they're previously living in they don't realize that their property taxes are gonna go up by those 18 mils and it's missed often when they're considering the cost benefit of doing the rental so if you're gonna be doing a rental on a property that you are living in make sure you get on the website County website or city website and get that millage data you know this homestead exemption when it when it expires can in

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