Your Homestead - Shelby Township

As more and more people are taking advantage of great forclosure deals, they are also faced with non-homestead tax levels. If you are closing on a new home with non-homestead tax status discuss with your mortgage broker the viability of adjusting closing costs to reflect the tax obligation for the next half year to be paid at homestead rates. Make sure you apply for your homestead exemption asap. Here is an exerpt from Shelby Township , MI site page http://www.shelbytwp.org/main.cfm?location=43&parentID=2 describing the basic process of attaining homestead status.

Also, become familiar with your municipality's procedures and online services . It will help when (as if you own a home it always does) have concerns come up, such as tax bill changes, and applying to have your taxable value adjusted due to the economy, plus many services that the city may have that will benefit you.

--- Notice to Taxpayers --- (Shelby Township, MI)

Homeowner's Principal Residence (Homestead) Exemption

The status day for the Principal Residence (Homestead Exemption) or Qualified Agricultural Exemption is May 1st of the current year.

If you own and occupy your home as your principal residence as of May 1st, you may qualify for an exemption to the 18 mill school operation millage. Most people who qualify for this program have filed an affidavit and are currently receiving this exemption. If you suspect that you do in fact qualify for this program and are not sure if you are receiving the exemption, you can verify your exemption status as follows:

· Check your Assessment Change Notice (you usually receive this at the end of February each year). The exemption status should indicate 100%.
· Check your last tax bill (these are issued on July 1st and December 1st of each year). The exemption status is listed on here and there should be no amount itemized under the School Operating Millage.

If you have any questions, please call our office at (586) 731-5910. Do not wait too long to contact us as our ability to correct your exemption status is limited by State statute.

Go To http://www.michigan.gov/treasury for Property Transfer Affidavit, Homestead Affidavit or to Rescind/Withdraw Homestead Exemption

For The Homestead Guidelines Booklet (Questions and Answers) please visit http://www.michigan.gov/documents/2856_11014_7.pdf