Re: How do you complete the homestead taxable value? I put in the taxes I paid on my property but...

How do you complete the homestead taxable value? I put in the taxes I paid on my property but it’s asking me the homestead value and I’m not sure what that is?

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Your value should be on the property tax bill. It is the worth/ cost of your home if purchased today.

See MI-1040CR and MI-1040CR Instructions for more details.

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I live in an assisted living facility in Michigan. I am trying to claim the Homestead Property Tax Credit. On the MI-1040CR form do I fill out Part 4 or Part 5:

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How do you complete the homestead taxable value? I put in the taxes I paid on my property but it’s asking me the homestead value and I’m not sure what that is?

How do you complete the homestead taxable value? I put in the taxes I paid on my property but it’s asking me the homestead value and I’m not sure what that is?

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How do you complete the homestead taxable value? I put in the taxes I paid on my property but it’s asking me the homestead value and I’m not sure what that is?

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How do you complete the homestead taxable value? I put in the taxes I paid on my property but it’s asking me the homestead value and I’m not sure what that is?

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