Michigan Homestead Exemption Savings Calculator

Estimate how much the Michigan homestead exemption could save you each year. The example numbers are placeholders; enter your own from your assessment notice or tax bill.

Across Michigan, Census ACS 2020-2024 counts 2,984,190 owner-occupied homes (73.2% ownership). Use the calculator with figures from your assessment notice; the exemption math comes from the official source cited below.

The calculator models Michigan’s Principal Residence Exemption. Official benefit summary: Exempts your principal residence from the tax levied by local school districts for school operating purposes, up to 18 mills. Filing path from the source: File Form 2368 with your township or city assessor.

Population and housing figures: U.S. Census Bureau, ACS 2020-2024 5-year (state FIPS 26). Exemption figures checked against the official page on 2026-11-04.

How the exemption works

A Principal Residence Exemption exempts your principal residence from the local school operating millage, up to 18 mills.

Assumptions

Savings = taxable value × school operating mills (capped at 18) ÷ 1,000.
Other millages on your bill are not affected.

Source: Michigan Department of Treasury. Figures checked against the official page on 2026-11-04.

How much does the Michigan homestead exemption save?

Multiply the exemption by your local tax rate. Savings = taxable value × school operating mills (capped at 18) ÷ 1,000.

Is this calculator official?

No. It is an estimate based on figures from the official state source cited on this page.