The Michigan Homestead Property Tax Credit is a refundable credit available to certain taxpayers who pay property taxes or rent for a principal residence in the State of Michigan. To qualify for the credit, all the following must apply: You owned or were contracted to pay rent and occupied a Michigan homestead for at least 6 months during the year on which property taxes and/or service fees were levied. If you own your home, your taxable value must have been $135k or less Your total household resources must have been $60k or less for the tax year (annualized for part-year residents) You must not have received 100% of your total household resources from the Michigan Department of Health and Human Services For purposes of this credit, “homestead” is defined as a permanent home you plan to return to whenever you go away. You cannot have more than one homestead. “Household resources” may include non-taxable income, such as Social Security Income. The credit may be claimed on Form MI-1040CR, filed with the return if a return is necessary or on its own if not. You may find more information on the Michigan Homestead Property Tax Credit here.