Livingston County Taxes To figure out your taxes, take the State Equalized Value (SEV) or expected purchase price of your home, divide in half. (always round up to the next highest number first). You only receive the homestead exemption on your principal residence. example: $155,000./ 2 = $77,750 ($78,000.) Using that number go to the Michigan Department of Treasury,
Property
Tax Estimator website, and follow the instructions
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