Poverty Exemption Guidelines Michigan 2024. Big rapids township โ the big rapids township board of trustees adopted a resolution setting the 2024 poverty guidelines for administration of the poverty exemption from property taxes during its meeting march 5. A full exemption equal to a 100% reduction in taxable value for the year in which the exemption is granted;
To be eligible for a poverty exemption; Poverty exemption and affirmation of ownership and occupancy to remain exempt by reason of poverty with the board of review every qualifying year on forms provided by the assessing department.
Own And Occupy The Property As A Principal Residence.
For the poverty exemption application and guidelines, please view the links before.
An Owner With A Principal Residence Exemption May Request A Poverty Exemption At The March, July Or December Meetings Of The Board Of Review.
All required additional documentation (such as federal/state income tax returns)
To Request A Poverty Exemption, A Taxpayer Must File:
Ignace city council, shall be followed by the city board of review when considering poverty exemptions according to section 211.7u of the michigan compiled laws (mcl).
Section 211.7U (1) Of The Michigan General Property Tax Act Defines The Poverty Or Hardship Exemption As A Method To Provide Relief For Those Who, In The Judgment Of The Board Of Review , Are Unable To Fully
File form 5737 application for mcl 211.7u poverty exemption.
