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Question about MI homestead property tax credit. If I pay rent on a home as a tenant, do I qualify for this deduction

 
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Anita01
New Member

Question about MI homestead property tax credit. If I pay rent on a home as a tenant, do I qualify for this deduction

Yes, as you can see from he qualifications listed below, renters can also qualify.

Who qualifies for a homestead property tax credit?

You may claim a property tax credit if all of the following apply beginning 2012:

  • Your homestead is in Michigan
  • You were a resident of Michigan for at least six months during the year
  • You own or are contracted to pay rent and occupy a Michigan homestead on which property taxes were levied
  • If you own your home, your taxable value is $135,000 or less
  • Your total household resources are $50,000 or less (part year residents must annualize total household resources to determine if a credit reduction applies)

From the MI Department of Revenue 

http://www.michigan.gov/taxes/0,4676,7-238-43535_43538-155081--,00.html

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