Principal Residence Exemption (PRE)
The PRE removes the local school operating tax from your tax bill. On the Assessment Change Notice, the exemption is listed as 100.00% if you are eligible or 0.00% if you are not. You must file a Principal Residence Exemption (PRE) Affidavit Form 2368 to claim the PRE. If you own and occupy a home as your principal residence by June 1, you are entitled to a PRE for the summer tax levy and subsequent tax levies. If you own and occupy a home as your principal residence after June 1 but by November 1, you are entitled to a PRE for the winter tax levy and subsequent tax levies.