When do I need to Rescind my Principal Residence Exemption (PRE)?

The Principal Residence Exemption is rescinded (removed) from a property when it is no longer occupied as your principal residence. This exemption will be removed December 31st of the year you rescind the exemption. Once applied for and accepted, your principal residence exemption will remain on your property year after year. In order to remove it, you need to file the rescind form. This should be done if you:

  • Sell your home. The new owner is responsible for filing a principle residence exemption if necessary, once ownership has transferred.
  • Move and decide to claim principal residency on another home (for example, if you own more than one home and decide to move to the other home as your principle residence).
  • No longer occupy the home as your principle residence for other reasons (move in to nursing home, use it as a rental house, etc).

Show All Answers

1. How can I obtain Information for properties in Holland?
2. When are tax bills sent out and when are they due?
3. How is my tax bill calculated?
4. What if I cannot pay my entire tax bill by the due date?
5. What type of payments do you accept for paying my taxes?
6. What is the process if I decide to pay my tax bill using my credit card?
7. How do I change my mailing address?
8. What is a Principal Residence Exemption (PRE)?
9. How do I apply for a Principal Residence Exemption?
10. What is my tax bill savings having a Principal Residence Exemption?
11. When do I need to Rescind my Principal Residence Exemption (PRE)?
12. I believe my Assessed Value is too High. What can I do to get my Assessed Value reviewed?
13. What is True Cash Value (TCV), Assessed Value (AV), State Equalized Value (SEV), and taxable Value (TV)?
14. Why is my Taxable Value, and thus my taxes, more than the previous owner had paid? What is Uncapping?