What is the difference in taxes if a property does not have a Principal Residence Exemption?

A Principal Residence Exemption allows for up to 18 mills of local school operating taxes to be exempted from taxation. Using the above example, in 2019 a non-homestead property would have been billed $7,270.71 in taxes without administration fee. The millage rate would have been 72.7071 mills (0.0727071).

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1. Who pays property taxes?
2. How are property taxes calculated?
3. What is the taxable value?
4. What is the millage rate?
5. Who does the City of East Lansing collect property taxes for?
6. What would the property taxes be for an owner-occupied home that was valued at $200,000?
7. What is the difference in taxes if a property does not have a Principal Residence Exemption?
8. When are taxes due?
9. Who do I call if I have a question about taxes.