2008 Principal Residence Exemption

Homeowners who no longer reside in their home and have not yet sold it have a new opportunity to apply for a property tax exemption, while their prior home is vacant and on the market. In April 2008, Governor Jennifer Granholm signed legislation that allows a homeowner to continue to claim a Principal Residence Exemption (PRE) on a second home, under certain conditions. The provision contained a May 1 deadline for submitting paperwork with local assessors to receive relief in 2008. The following links contain additional information about the conditional exemption, frequently asked questions, and the form to apply for the exemption.