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Old February 21st, 2013, 11:07 AM   #26
RyeBread
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Quote:
Originally Posted by FORD FLARESIDE View Post
Proposal A was a vote of the people that put the exemption into place in 1994. I don't remember seeing anything about this. Was this a backroom executive order by Snyder?
this has nothing at all to do with proposal a, or the enabling legislation regarding it or property taxes at all. your PRE exemption will still apply to the school operating property tax millage if in fact you have the affidavit on file, and if in fact you legitimately own and occupy said residence as your primary residence.

in fact, they have expanded that portion of the property tax PRE exemption to allow for "conditional recessions" to allow for folks that have two houses and have one listed for sale (but not for lease) and just last year they also made a double-deadline - you previously had to own and occupy and file the form as of May 1st of the year - they expanded it to have a "winter PRE" for those that buy a house during the summer that may have formerly been bank-owned, vacant, non-PRE, etc.

this is about the homestead property tax credit claimed when filing your income taxes

Last edited by RyeBread; February 21st, 2013 at 11:13 AM.
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