Because Treasury has started issuing the expanded Michigan EITC supplemental check payments for tax year 2022, it is no longer necessary to view or manually update your address. If you moved between last year and now, please be sure your new address is on your 2023 individual income tax return filing.
Why was my farmland preservation tax credit reduced to the Principal Residence Exemption (P.R.E.) or Qualified Agricultural exemption percentage indicated on my property tax statement(s)?
Your local taxing authority determines the P.R.E. or Qualified Agricultural Exemption. Property taxes on land not eligible for either the P.R.E. or Qualified Agricultural Exemption usually are not eligible for a farmland preservation tax credit. Your eligible percentage is listed on your property tax statements.
The exception is rental property where the tenant participates in the farming operation at least 1,040 hours per year.
If you disagree with your exemption, please contact your local taxing authority.