If you own property which you use as your primary residence as of January 1, you may apply for homestead exemption. Any new exemption or change in exemption status should be filed as soon as possible, but no later than March 1. Table of contents. This is not a bill. The TRIM notice tells you the taxable value of your property.
Taxable value is the just value less any exemptions.
The TRIM notice also gives you information on proposed millage rates and taxes as estimated by your community taxing authorities. It also tells you when and where these authorities will hold public meetings to discuss tentative budgets to set your millage tax rates. Fees not related to your property value may also appear on your TRIM notice for garbage collection, roads, lighting and other government services. These fees are set by your taxing authority and are not affected by any change in the value of your house or property. Table of contents.