State Tax Commission Bulletin No. State Tax Commission Bulletin No. Applies to Residential Property Only.
Residential property is property USED for residential purposes.
Residential property may include property which is not classified residential as provided by MCL 211.34c. Residential property includes attached and detached garages but not farm outbuildings such as barns, storage buildings, etc. Residential property is not limited to owner-occupied properties. Rental properties having more than 4 rental units are considered to be commercial properties and would not qualify for this exemption. Attached to this bulletin is a revised copy of STC form L-4293.