A tax exemption that applies to taxpayers who sell their personal residence and realize a capital gain. The exemption is only available on a designated principal residence that satisfies minimum ownership requirements. For example, in the U.S., a principal residence is defined as a home that has been occupied by its owners for two years out of the most five year period.
Related information about principal residence exemptions:
- Taxes - Principal Residence Exemption
Taxes Site - Homeowner's Principal Residence Exemption.
- Principal Residence Exemption (PRE) Affidavit - State of Michigan
Michigan Department of Treasury. 2368 (Rev. 05-12). Principal Residence Exemption (PRE) Affidavit. Issued under authority of Public Act 206 of 1893. Read the ...
- Principal Residence Exemptions, City of Brighton, Michigan (MI)
Principal Residence Exemptions. If you own and occupy your home as your principal residence as of May 1 of each year, you are eligible for a Principal ...
- What is principal residence exemptions? definition and meaning
Definition of principal residence exemptions: A tax exemption that applies to taxpayers who sell their personal residence and realize a capital gain.
- Catherine McClary Washtenaw County Treasurer 200 N. Main Street ...
Information from the. Washtenaw County. Treasurer,. Principal Residence Exemptions. (formerly, Homestead Exemptions). What is a. Principal. Residence?
- 2012 Taxpayer's Guide - Michigan Legislature - State of Michigan
Feb 1, 2012 ... and homeowner's principal residence exemptions . An appeal must be filed within 35 days after the assessor, county treasurer, or county ...
- Principle Residence Exemption - St. Joseph County, Michigan
Legislative changes to the Property Tax Law address the issue of principal residence exemptions held by property owners not properly qualified for the ...
- Orion Township Assessing Department
Property Transfer Affidavits. Homeowners Principal Residence Exemptions. Appealing Assessments. Paving Roads & Property Taxes. Schedule of Copy Fees ...