Property Tax Experts
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| Michigan Poverty Exemption |
State of Michigan
Property Tax Estimator
You can now access
estimates on property
taxes by local unit and
school district, using
2004 millage rates. Click
the link below to begin.
Property Tax Estimator
Property Tax Estimator
You can now access
estimates on property
taxes by local unit and
school district, using
2004 millage rates. Click
the link below to begin.
Property Tax Estimator
Items Needed to file Homestead Hardship Exemption
Submit a completed and signed copy of the following:
-2006 Michigan Homestead Property Tax Credit Claim (MI 1040 CR).
-2006 Federal income Tax Return (1040), if you are required to file federal income tax.
-2006 Federal Income Tax Return (1040) for all other occupants of your home.
-Income verification
-Copy of driver license
-Copy of deed
If an occupant of your home is not employed but has income from another source, you
must show the income on your application. The application must be legible. If you
need to provide additional information, please attach a separate sheet do not write in
the margins of the application. Do not submit originals of supporting documentation
as they cannot return them. If the application is incomplete or you do not include
copies of the required financial documents, it may be considered ineligible for a
poverty exemption.
RETURN THE APPLICATION AND REQUIRED DOCUMENTATION AS SOON AS
POSSIBLE TO ALLOW TIME FOR IT TO BE REVIEWED BEFORE IT IS
SUBMITTED TO THE 2007 MARCH OR SEPTEMBER BOARD OF REVIEW . CHECK
WITH YOUR TAXING AUTHORITY OR ASSESSOR TO FIND OUT WHEN HARDSHIP
EXEMPTIONS ARE REVIEWED.
Submit a completed and signed copy of the following:
-2006 Michigan Homestead Property Tax Credit Claim (MI 1040 CR).
-2006 Federal income Tax Return (1040), if you are required to file federal income tax.
-2006 Federal Income Tax Return (1040) for all other occupants of your home.
-Income verification
-Copy of driver license
-Copy of deed
If an occupant of your home is not employed but has income from another source, you
must show the income on your application. The application must be legible. If you
need to provide additional information, please attach a separate sheet do not write in
the margins of the application. Do not submit originals of supporting documentation
as they cannot return them. If the application is incomplete or you do not include
copies of the required financial documents, it may be considered ineligible for a
poverty exemption.
RETURN THE APPLICATION AND REQUIRED DOCUMENTATION AS SOON AS
POSSIBLE TO ALLOW TIME FOR IT TO BE REVIEWED BEFORE IT IS
SUBMITTED TO THE 2007 MARCH OR SEPTEMBER BOARD OF REVIEW . CHECK
WITH YOUR TAXING AUTHORITY OR ASSESSOR TO FIND OUT WHEN HARDSHIP
EXEMPTIONS ARE REVIEWED.
4. Do you meet the federal poverty income standards as defined and determined
annually by the United States Office of Management and Budget. YES or NO
5. State Equalized Value of property for which the exemption is
requested is ___________________. The average true cash value of
all homestead properties in the city, based on the previous
year’s values is 103,468(TCV) and 51,734 (AV).
6. Phone ( ) ______________________________________________
7. Marital Status: ___________________________________________
8. Age of Applicant: _________________________________________
Age of Spouse: ____________________________________________
9. Number of Dependents ______________________________________
Age of Dependents _________________________________________
10. Have you applied for a Principal Residence Exemption from some
school operating expense (18 mills). YES or NO
11. Have you applied for Homestead Property Tax Credit this Year?
YES or NO
12. How much was your Property Tax Credit? ____________________
13. Real Estate: Is home paid for _____ Unpaid balance _______
Name of Mortgage Company __________________________________
Monthly Payment ___________________________________________
14. How long have you lived at this residence? _______________
15. Do you own, or are you buying other property? _____________
If so, list below:
PROPERTY
ADDRESS
NAME OF OWNER ASSESSED VALUE AMOUNT & DATE
OF LAST TAXES
PAID
annually by the United States Office of Management and Budget. YES or NO
5. State Equalized Value of property for which the exemption is
requested is ___________________. The average true cash value of
all homestead properties in the city, based on the previous
year’s values is 103,468(TCV) and 51,734 (AV).
6. Phone ( ) ______________________________________________
7. Marital Status: ___________________________________________
8. Age of Applicant: _________________________________________
Age of Spouse: ____________________________________________
9. Number of Dependents ______________________________________
Age of Dependents _________________________________________
10. Have you applied for a Principal Residence Exemption from some
school operating expense (18 mills). YES or NO
11. Have you applied for Homestead Property Tax Credit this Year?
YES or NO
12. How much was your Property Tax Credit? ____________________
13. Real Estate: Is home paid for _____ Unpaid balance _______
Name of Mortgage Company __________________________________
Monthly Payment ___________________________________________
14. How long have you lived at this residence? _______________
15. Do you own, or are you buying other property? _____________
If so, list below:
PROPERTY
ADDRESS
NAME OF OWNER ASSESSED VALUE AMOUNT & DATE
OF LAST TAXES
PAID
HOMESTEAD POVERTY APPLICATION
I _________________________________, the owner and occupant of
the property listed below, am applying for tax relief under MCL
211.7u of the General Property Tax Act, which states that the
homestead of persons who, in the judgment of the Assessor and
the Board of Review, by reason of poverty, are unable to
contribute to the public charges is eligible for exemption in
whole or part from taxation under Public Act 390, 1994.
Parcel Number: _________________________________________________
Property Address: ______________________________________________
1. Attached federal and state income tax return for all persons residing in the
homestead, including any property tax credit returns filed in the immediately
preceding year or in the current year. YES or NO
2. Attached copy of valid drivers license. YES or NO
3. Attached copy of deed, land contract, or other evidence of ownership of the property
for which the exemption is requested. YES or NO
I _________________________________, the owner and occupant of
the property listed below, am applying for tax relief under MCL
211.7u of the General Property Tax Act, which states that the
homestead of persons who, in the judgment of the Assessor and
the Board of Review, by reason of poverty, are unable to
contribute to the public charges is eligible for exemption in
whole or part from taxation under Public Act 390, 1994.
Parcel Number: _________________________________________________
Property Address: ______________________________________________
1. Attached federal and state income tax return for all persons residing in the
homestead, including any property tax credit returns filed in the immediately
preceding year or in the current year. YES or NO
2. Attached copy of valid drivers license. YES or NO
3. Attached copy of deed, land contract, or other evidence of ownership of the property
for which the exemption is requested. YES or NO
16. Income earned from above property _________________________
17. Name of Employer___________________________________________
Address____________________________________________________
Phone: ( )________________________________________________
18. If unemployed, state reason: _____________________________
____________________________________________________________________
__
____________________________________________________________________
__
19. List all household income including government pensions,
claims, judgments from lawsuits, and any other source.
Be sure to include both spouses' income. If your household
income is more than the Federal Poverty Income Standards
(attachment A), you are not eligible for a credit.
SOURCE OF INCOME ANNUAL INCOME
Wages, salaries tips, sick,
strike and sub pay, etc.
All interest and dividend
income (including non-taxable
interest).
Net rent, business or royalty
income.
Retirement pension and annuity
benefits. Name of payer:
Net farm income.
Capital gains less capital
losses.
Alimony and other taxable
income. Describe:
Social Security, SSI or
railroad retirement benefits.
Child support.
Unemployment comp. and TRA
benefits.
Other non-taxable income.
Describe:
Workers' comp., veterans'
disability compensation and
pension benefits.
ADC and other DSS benefits.
TOTAL INCOME
20. SAVINGS AND INVESTMENTS: List all savings owned by you or
your spouse, including savings accounts, postal savings,
credit union shares, certificates of deposit, cash, stocks,
bonds or similar investments.
NAME OF
FINANCIAL
INSTITUTION OR
INVESTMENTS
AMOUNT ON DEPOSIT NAME ON ACCOUNT VALUE OF
INVESTMENT
21. LIFE INSURANCE: List all policies held by you and your
spouse.
25. MONTHLY EXPENSES:
UTILITIES __________ FOOD __________ PHONE _______________
CLOTHING __________ HEAT __________ CAR EXPENSE _________
OTHER (Specify): __________________________________________
___________________________________________________________
26. OTHER ASSETS: List all other assets and their values that
are owned or controlled by you. (For example, boats, coin
collection, antiques, silver).
TYPE OF ASSET VALUE OWNER
REASON FOR REQUESTING EXEMPTION
NOTICE: Any willful misstatements or misrepresentations made on
this form may constitute perjury, which, under the law, is a
felony punishable by fine or imprisonment.
NOTICE: A copy of your latest federal income tax return, state
income tax return (MI-1040) and your Homestead Property Tax
Credit claim (MI-1040CR 1,2,3 or 4) must be attached as proof of
income.
FEDERAL POVERTY GUIDELINES FOR 2006 ASSESSMENTS
The following are federal poverty guidelines as of 12-31-06 for use in setting poverty
exemption
guidelines for 2007 assessment.
Size of Family Unit Poverty Guidelines
1 $ 9,800
2 $13,200
3 $16,600
4 $20,000
5 $23,400
6 $26,800
7 $30,200
8 $33,600
For each additional
person, add
$ 3,400
17. Name of Employer___________________________________________
Address____________________________________________________
Phone: ( )________________________________________________
18. If unemployed, state reason: _____________________________
____________________________________________________________________
__
____________________________________________________________________
__
19. List all household income including government pensions,
claims, judgments from lawsuits, and any other source.
Be sure to include both spouses' income. If your household
income is more than the Federal Poverty Income Standards
(attachment A), you are not eligible for a credit.
SOURCE OF INCOME ANNUAL INCOME
Wages, salaries tips, sick,
strike and sub pay, etc.
All interest and dividend
income (including non-taxable
interest).
Net rent, business or royalty
income.
Retirement pension and annuity
benefits. Name of payer:
Net farm income.
Capital gains less capital
losses.
Alimony and other taxable
income. Describe:
Social Security, SSI or
railroad retirement benefits.
Child support.
Unemployment comp. and TRA
benefits.
Other non-taxable income.
Describe:
Workers' comp., veterans'
disability compensation and
pension benefits.
ADC and other DSS benefits.
TOTAL INCOME
20. SAVINGS AND INVESTMENTS: List all savings owned by you or
your spouse, including savings accounts, postal savings,
credit union shares, certificates of deposit, cash, stocks,
bonds or similar investments.
NAME OF
FINANCIAL
INSTITUTION OR
INVESTMENTS
AMOUNT ON DEPOSIT NAME ON ACCOUNT VALUE OF
INVESTMENT
21. LIFE INSURANCE: List all policies held by you and your
spouse.
25. MONTHLY EXPENSES:
UTILITIES __________ FOOD __________ PHONE _______________
CLOTHING __________ HEAT __________ CAR EXPENSE _________
OTHER (Specify): __________________________________________
___________________________________________________________
26. OTHER ASSETS: List all other assets and their values that
are owned or controlled by you. (For example, boats, coin
collection, antiques, silver).
TYPE OF ASSET VALUE OWNER
REASON FOR REQUESTING EXEMPTION
NOTICE: Any willful misstatements or misrepresentations made on
this form may constitute perjury, which, under the law, is a
felony punishable by fine or imprisonment.
NOTICE: A copy of your latest federal income tax return, state
income tax return (MI-1040) and your Homestead Property Tax
Credit claim (MI-1040CR 1,2,3 or 4) must be attached as proof of
income.
FEDERAL POVERTY GUIDELINES FOR 2006 ASSESSMENTS
The following are federal poverty guidelines as of 12-31-06 for use in setting poverty
exemption
guidelines for 2007 assessment.
Size of Family Unit Poverty Guidelines
1 $ 9,800
2 $13,200
3 $16,600
4 $20,000
5 $23,400
6 $26,800
7 $30,200
8 $33,600
For each additional
person, add
$ 3,400
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