How exactly does this work? I am considering purchasing a house [[to live in, not rent out) located in an NEZ Homestead District.
Are there requirements for the homestead exemption other than location? [[Like income?) How is the exemption amount calculated? How long does it last?
The page I found was light on details: http://www.detroitmi.gov/Departments...tDivision.aspx
Thanks.
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