Wjat is the income to qualify for the Michigan homestead credit?

[JulieCo · Accepted solution]

Here are the qualifications to receive the credit per the Michigan Department of Treasury:

Who qualifies for a homestead property tax credit?

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

• 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 (unless unoccupied farmland)
• Your total household resources are $60,000 or less (part year residents must annualize total household resources to determine if a credit reduction applies)

If 100% of your total household resources are received from the Michigan Department of Health and Human Services, you do not qualify

Checklist for Determining Total Household Resources

From:  Michigan.gov - Homestead Property Tax Credit Information