Greenwood Township, St. Clair County, Michigan - FAQs - Poverty Exemption Guidelines
 

 

POVERTY EXEMPTION GUIDELINES

Federal Poverty Income Standards For 2007 Assessments

The following are the federal poverty income standards, which the United States Office of Management and Budget recommends that federal departments and agencies use. The standards are actually compiled and published by the Bureau of the Census, which refers to them as "poverty thresholds."

The governing body of the local assessing unit has the option of considering the age of the resident(s) when establishing their guidelines. This provision applies only when one or two persons reside in the homestead, because there are no age-related thresholds for three or more persons in the homestead.

The following are the federal poverty income standards as of November 29, 2006, for use in setting poverty exemption guidelines for 2007 assessments. 

Poverty Guidelines by Number of Persons in Family Unit 

1 person - $ 9,800 
2 persons - $13,200 
3 persons - $16,600 
4 persons - $20,000
5 persons - $23,400
6 persons - $26,800
7 persons - $30,200
8 persons - $33,600

For each additional person, add $3,400.

             |  Home  |  Site Menu  |  Contact Us  |