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Your homestead is the place where you have your permanent home. It is the place to which you plan to return whenever you go away. You must be the owner and occupant or be contracted to pay rent and occupy the dwelling. You can only have one homestead at a time. Cottages, second homes, property you own and rent/lease to others, and college dormitories do not qualify as a homestead.
The State of Michigan Offers a PROPERTY TAX ESTIMATOR to let you figure out what your taxes will be when you purchase a home here. Note there is a large difference in most communities between homes which have Principal Residence Exemptions and second homes.
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