To receive the 2 ½% tax reduction on your home, you must (1) own and live in your home as of January 1 of filing year, and (2) occupy your home as your principal place of residence for a substantial part of each year.

For the purpose of the tax reduction on your home, an owner means a person whose name is on the deed to the home, a buyer under land contract, a life estate tenant, or a mortgagor.  Only one home in this state owned by the same person, or his or her spouse, is entitled to the two and one-half percent tax reduction.

The two and one-half percent reduction does not apply to the following homes:  (1) Rental Home or apartments, (2) Homes occupied by someone other than the owner, (3) Homes owned by corporations (profit or non-profit), partnerships, associations, or groups, (4) A unit within a building where the building is used primarily for retail, commercial or other non-residential purposes, and (5) House trailers and mobile homes.

Applications must be received by the first Monday in June of the filing year.

Download: Application DTE 105C (02/14)