Page 8 ■ Auburn Hills Review
your property into a trust? Remember to file a Property
Transfer Affidavit at the Assessor’s Office within 45 days of the
transaction to avoid late filing penalties. Also remember to file
the Homeowners Principal Residence Exemption Affidavit if the
property is your primary residence. This will exempt you from
paying school operating taxes. If you move to another residence
you need to file a Request to Rescind Homeowner’s Principal
Residence Exemption form on your prior residence unless you
qualify for the following...
Have you moved and your prior principal residence
is still for sale?
You may qualify for a Conditional Rescission of the Principal
Residence Exemption. PA 96 of 2008 created a tax break for
people who have moved to a new principal residence in
Michigan but have been unable to sell their previous principal
residence. The owner is allowed to maintain a Principal
Residence Exemption (PRE) on their former home for up to 3
years if the home is vacant and for sale. This law expands the
Principal Residen