What is the deadline for filing Principal Residence Exemption Affidavits?

The correct answer is that the deadline for filing Principal Residence Exemption Affidavits is June 1st. This deadline is established to ensure that property owners who qualify for the exemption can have their property taxes adjusted for the current tax year. The Principal Residence Exemption allows homeowners to exempt a portion of their home’s value from taxation, reducing their tax liability.

Filing by June 1st allows local assessing officials adequate time to process the exemptions before the summer tax bills are sent out. If a homeowner misses the June 1st deadline, they would not be eligible for the exemption for that tax year, meaning they potentially miss out on significant tax savings.

The other options relate to different important deadlines in the property assessment process or do not align with the established timelines for this specific exemption. Each jurisdiction may have its nuances, but consistently, June 1st serves as the key date for submitting Principal Residence Exemption Affidavits in Michigan.