Outline
The Michigan Department of Treasury Form 2368, known as the Homeowner's Principal Residence Exemption Affidavit, plays a crucial role for homeowners seeking tax relief. This form must be filed with the local assessor in the city or township where the property is located. By submitting this affidavit, homeowners claim an exemption from a portion of local school operating taxes, providing significant financial relief. It's important to note that filing this form will invalidate any previous exemptions the homeowner may have claimed. Each property requires a separate form, and the affidavit must be completed in blue or black ink. Key information includes the property tax identification number, the owner’s details, and the date the property became the principal residence. Homeowners must also disclose if they have claimed an exemption for another property or if they have filed a tax return as a resident in another state. The form includes a certification section where homeowners affirm the accuracy of their information under penalty of perjury. For those with multiple residences, specific calculations determine the percentage of the property that qualifies for the exemption. Understanding these requirements is essential for homeowners to navigate the tax exemption process effectively.
Sample - 2368 Michigan Form
Michigan Department of Treasury
2368 (Rev. 07-22)
ASSESSOR’S DATE STAMP
Principal Residence Exemption (PRE) Adavit
Issued under authority of Public Act 206 of 1893.
Read the instructions before completing the form. This form must be led with the assessor for the city or
township where the property is located. Do not submit this form if the property is not your principal
residence and/or any of the disqualifying factors apply as listed in MCL 211.7(cc). For information
regarding the PRE, please review the PRE Guidelines at www.michigan.gov/pre.
Type or print in blue or black ink.
PART 1: PROPERTY INFORMATION Type or print legibly. Use a separate form for each property tax identication number.
1. Property Tax Identication Number 2. Name of Local Unit (Check Township or City) 3. County
Township
City
4. Street Address of Property (Provide a Complete Address)
5. Name of Owner (First, Middle, Last) 6. Owner’s Last Four Digits of Social Security Number
XXX-XX-
7. Owner’s Daytime Telephone Number
8. Name of Co-Owner (First, Middle, Last) 9.
Co-Owner’s Last Four Digits of Social Security Number
XXX-XX-
10. Co-Owner’s Daytime Telephone Number
11. Date you owned and occupied the property in line 1 ............................................................................................... 11.
The property in line 1 above is my: 11a. Principal residence
Month Day Year
11b. Unoccupied adjoining or contiguous property that is classied residential or timber-cutover.
12.
List the percentage (100% to 1%) of the property that is occupied by the owner claiming the property as a principal
residence. If the property has more than one home on it, it is a multi-dwelling, used for purposes other than a
principal residence, or partially rented, the owner may claim only a partial exemption. Please consult with your
local assessor to determine the percentage of the exemption the owner is allowed to claim in these situations.. ......
12. %
13. Have you or your spouse claimed a principal residence exemption for another Michigan principal residence? .......
13. Yes No
14. If yes to 13, enter the property address and parcel number:
15. If yes to 13, have you rescinded that principal residence exemption? ......................................................................
15. Yes No
16. Do you or your spouse claim a similar exemption, credit or deduction on property located in another state? ..........
16. Yes No
17. If yes to 16, enter the property address and parcel number:
18. Have you or your spouse led a tax return as a non-resident of Michigan or resident of another state? ................
18. Yes No
19. If yes to 18, enter the state:
PART 2: CERTIFICATION
Certication: I certify under penalty of perjury that I own and occupy as a principal residence on the date stated in Line 11 and that I have not claimed
a substantially similar exemption/deduction/credit in property in another state, and that the information contained on this document is true and correct
to the best of my knowledge.
20. Owner’s Signature Date
21. Co-Owner’s Signature Date
22. Mailing Address, if Dierent than Property Address Above
LOCAL GOVERNMENT USE ONLY (do not write below this line)
23. Indicate property classication ................................................................................................................................ 23.
Did the Assessor Approve or Deny the Adavit? What is the year the Adavit will be posted to the tax roll?
Approved Denied (Attach a copy of the Local Unit Denial)
Certication: I certify that, to the best of my knowledge, the information contained in this form is complete and accurate.
Assessor’s Signature Date Certied by Assessor (MM/DD/YYYY)
Reset Form
General Instructions
Principal Residence Exemption (PRE) exempts a principal residence from the tax levied by a local school district for operating purposes,
up to 18 mills.
Principal residence means the dwelling that you own and occupy as your permanent home and any unoccupied adjoining or contiguous
properties that are classied residential or timber-cut over.
Owners are dened in MCL 211.7dd(a). Only the owner listed in MCL 211.7dd(a) are eligible to claim the exemption.
Occupying means this is your principal residence, the place that you reside in as your permanent residence and if absent intend to return.
It should be the address that appears on your driver’s license and voter registration card. Vacation homes, seasonal homes, and income
property are not occupied as your principal residence and may not be claimed.
Claiming a PRE: To claim a PRE, complete this Adavit and le it with your township or city assesor of the year of the claim. A valid
adavit led on or before June 1 allows an owner to receive a PRE on the current year summer and winter tax levy and subsequent tax
levies so long as it remains the owner’s principal residence. A valid adavit led after June 1 and on or before November 1 allows an
owner to receive a PRE on the current winter tax levy and subsequent tax levies so long as it remains the owner’s principal residence.
MCL 211.7cc(3) Disqualications: An owner is ineligible to claim a PRE if any of the disqualifying factors apply listed in MCL 211.7cc(3).
RESCINDING YOUR EXEMPTION
Within 90 days of when you no longer own or occupy the property as a principal residence, you must complete and le a Request to
Rescind Principal Residence Exemption (PRE) (Form 2602) or le a Conditional Rescission (Form 4640) with your township or city
assessor. Failure to do so may subject you to additional tax plus penalties and interest as determined under the General Property Tax Act.
INTEREST AND PENALTY
If it is determined that you claimed property that is not your principal residence, you may be subject to the additional tax plus penalty and
interest as determined under the General Property Tax Act.
Line-by-Line Instructions
Lines not listed here are explained on the form.
You must complete each line in its entirety. Failure to complete any of the lines may result in your claim being denied.
PART 1: PROPERTY INFORMATION
Submit a separate adavit for each property tax identication number being claimed.
Line 1: It is important that your property tax identication number is entered accurately. This ensures that your property is
identied properly and that your township or city can accurately adjust your property taxes. You can nd this number on your tax bill
and on your property tax assessment notice. If you cannot nd this number, call your township or city assessor.
NOTE: Do not include information for a co-owner who does not occupy the property as a principal residence.
Line 6: Please list the last four digits of your Social Security Number (SSN). The request for the last four digits of your SSN is authorized
under Section 42 USC 405 (c) (2) (C) (i). It is used by the Department of Treasury to verify tax exemption claims and to deter fraudulent
lings.
Line 12: If you own and occupy the entire property as a principal residence, you may claim a 100 percent exemption. If you own
and live in a multi-unit or multi-purpose property (e.g., a duplex or apartment building, or a storefront with an upstairs at), you can
only claim a partial exemption based on that portion that you use as a principal residence. Please consult your local assessor to determine
the percentage of the exemption the owner is allowed to claim in these situations.
If the parcel of property you are claiming has more than one home on it, you must determine the percentage that you own and occupy
as your principal residence. A second residence on the same property (e.g., a mobile home or second house) is not part of your principal
residence, even if it is not rented to another person. Your local assessor can tell you the assessed value of each residence to help you
determine the percentage that is your principal residence. Please consult your local assessor to determine the percentage of the exemption
the owner is allowed to claim in these situations.
If you rent part of your home to another person, you may have to prorate your exemption. If your home is a single-family dwelling
and less than 50 percent of your home is rented to others who use it as a residence, you may claim a 100 percent exemption. If 50 percent
or more is rented to others who use it as a residence or if part of the home was converted to an apartment with a separate entrance, you
must calculate the percentage that is your principal residence by dividing the oor area of your principal residence by the oor area of
the entire building.
Line 16: MCL 211.7cc(3)(a)prescribes a penalty of $500 for a person who claims a PRE and a substantially similar exemption, deduction,
or credit in another state.
PART 2: CERTIFICATION
Sign and date the form. Enter your mailing address if it is dierent from the address under Part 1.
MAILING INFORMATION
Mail your completed form to the township or city assessor where the property is located. This address may be on your most recent tax
bill or assessment notice. DO NOT send this form directly to the Department of Treasury.
If you have any questions contact your local assessor or the PRE Unit of the Michigan Department of Treasury at 517-335-7487, or visit
www.michigan.gov/PRE.
2368, Page 2
Instructions for Form 2368Principal Residence Exemption (PRE) Adavit
Form Information
| Fact Name | Description |
|---|---|
| Form Purpose | The Michigan Department of Treasury 2368 form is used to claim a Homeowner's Principal Residence Exemption. This exemption can reduce a portion of local school operating taxes for homeowners who occupy their principal residence. |
| Governing Law | This form is issued under the authority of Public Act 105 of 2003, which governs the eligibility and process for claiming the exemption. |
| Filing Deadline | Homeowners must file this affidavit with their local assessor by May 1st of the year they wish to claim the exemption. Timely submission is crucial for receiving the tax benefits. |
| Impact of Filing | Filing this form invalidates any previous Homeowner’s Principal Residence Exemption claims. Homeowners must ensure they have rescinded any prior exemptions by using Form 2602. |
| Owner's Certification | By signing the form, homeowners certify that the information provided is true and correct. This certification is under penalty of perjury, emphasizing the importance of accuracy in the claims made. |
Detailed Guide for Filling Out 2368 Michigan
Filling out the Michigan Department of Treasury Form 2368 is an important step for homeowners seeking a principal residence exemption. This form needs to be completed carefully and submitted to the local assessor by May 1st of the claim year. Ensure all information is accurate to avoid any issues with your exemption claim.
- Obtain the form: Download or print the Michigan Department of Treasury Form 2368.
- Property Information: Fill in the following details:
- Property Tax Identification Number (found on your tax bill)
- ZIP Code
- Street Address of the Property
- Name of Township or City
- County
- Date the property became your principal residence (Month, Day, Year)
- Indicate if the property is your principal residence or a vacant lot
- Owner Information: Enter the following:
- Name of Owner (First, Middle, Last)
- Owner's Social Security Number
- Name of Co-Owner (if applicable)
- Co-Owner's Social Security Number (if applicable)
- Property owner's daytime telephone number
- Property Details: If applicable, provide the percentage of the property that your unit occupies.
- Previous Exemptions: Answer questions about any previous principal residence exemptions claimed.
- Certification: Sign and date the form, and provide a mailing address if different from the property address.
- Mail the form: Send the completed form to your local township or city assessor's office. Do not send it to the Department of Treasury directly.
Obtain Answers on 2368 Michigan
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What is the purpose of the Michigan Form 2368?
The Michigan Form 2368, also known as the Homeowner's Principal Residence Exemption Affidavit, is used to claim an exemption from a portion of local school operating taxes for your principal residence. When filed with your local assessor, this form helps reduce your property tax burden if you occupy the property as your primary home.
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Who should file this form?
This form should be completed by homeowners who occupy their property as their principal residence. It is important to note that renters should not file this form, as it is specifically designed for property owners.
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What information is required on the form?
The form requires various details, including:
- Your Property Tax Identification Number
- Complete address of the property
- Name and Social Security Numbers of the owner(s)
- Date the property became your principal residence
- Percentage of the property occupied as your principal residence if applicable
Accurate information is crucial for your exemption claim to be processed correctly.
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What happens if I previously claimed an exemption?
If you have claimed a principal residence exemption before, filing the Form 2368 will invalidate that previous exemption. To rescind the prior exemption, you must file Form 2602 with your local assessor.
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How does filing this form affect my property taxes?
Filing the Form 2368 can result in a reduction of your local school operating taxes on your property. However, it does not affect the overall assessment value of your property. Your local assessor will adjust your taxes on your next property tax bill once the form is processed.
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What if I stop using the property as my principal residence?
If you stop using the property as your principal residence, you must notify your local assessor within 90 days of the change. Failure to do so may result in penalties. This notification can be made using Form 2602, which is the Request to Rescind Homeowner's Principal Residence Exemption.
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When is the deadline for filing this form?
The completed Form 2368 must be filed with your township or city assessor by May 1st of the year in which you are claiming the exemption. Timely submission is essential to ensure your exemption is applied to your property tax bill for that year.
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Where should I send the completed form?
After completing the form, mail it to the township or city assessor where the property is located. The appropriate address can usually be found on your most recent tax bill or assessment notice. Do not send the form directly to the Michigan Department of Treasury.
Common mistakes
Filling out the Michigan Department of Treasury Form 2368 can be a straightforward process, but many individuals make common mistakes that can lead to delays or complications in receiving their Homeowner’s Principal Residence Exemption. Understanding these pitfalls can help ensure a smoother application experience.
One frequent error is failing to include the Property Tax Identification Number. This number is essential for identifying the property in question. Without it, the local assessor cannot process the exemption correctly. Always double-check your tax bill or assessment notice to ensure you have the correct number.
Another mistake involves not using the correct ink color. The instructions specify that applicants should print or type in blue or black ink. Using any other color can lead to confusion and may result in the form being rejected. Consistency in presentation is key to clarity.
Many applicants also neglect to indicate the correct date when the property became their principal residence. This date is crucial for determining eligibility. Providing an inaccurate date can complicate the assessment process and may lead to a denial of the exemption.
In addition, some people mistakenly believe that they can claim multiple principal residences. However, the rules stipulate that you may only have one principal residence at a time. Misunderstanding this can lead to issues, particularly if you have claimed exemptions for properties in different locations.
Another common oversight is not providing the required Social Security Numbers for all owners. This information is necessary for verification purposes. Omitting this detail can raise red flags and slow down the processing of the application.
Additionally, applicants often forget to sign and date the form. Certification is a critical step that confirms the accuracy of the information provided. A missing signature can result in the form being deemed incomplete and lead to further delays.
When it comes to multiple-unit properties, individuals sometimes fail to calculate the correct percentage of the property that constitutes their principal residence. This calculation is essential for determining the exemption amount. If you own a duplex, for example, accurately measuring the living space is vital to avoid complications.
Some applicants also overlook the requirement to file a Request to Rescind if they have previously claimed an exemption on another property. Not doing so can lead to penalties and disqualification from receiving the current exemption.
Lastly, many individuals do not pay attention to the mailing instructions. It is crucial to send the completed form to the correct local assessor, not directly to the Department of Treasury. Misaddressing the form can result in it not being processed in a timely manner.
By being aware of these common mistakes, individuals can improve their chances of successfully obtaining the Homeowner’s Principal Residence Exemption. A careful review of the form and adherence to the guidelines can make all the difference in the application process.
Documents used along the form
When navigating the process of claiming a Homeowner's Principal Residence Exemption in Michigan, it's essential to understand the supporting documents that may be required alongside the Michigan Department of Treasury Form 2368. Each of these documents plays a vital role in ensuring that your exemption claim is processed smoothly and accurately. Below are some key forms that often accompany the 2368 form.
- Form 2602: Request to Rescind Homeowner’s Principal Residence Exemption - This form is necessary if you need to cancel a previously claimed exemption. If your circumstances change and you no longer occupy the property as your principal residence, filing this form with your local assessor ensures that your tax records are updated accordingly.
- Form 476: Principal Residence Exemption Affidavit - This form is similar to the 2368 but is specifically designed for properties that have undergone changes in ownership or occupancy. It helps to clarify the current status of the property and its eligibility for the exemption.
- Form 567: Property Transfer Affidavit - When a property changes hands, this form must be filed to inform the local assessor of the transfer. It provides essential information about the new owner, which is crucial for determining future tax exemptions.
- Form 503: Michigan Homestead Property Tax Credit Claim - While not directly related to the principal residence exemption, this form allows homeowners to claim a credit based on their property taxes. Filing this form can provide additional financial relief for eligible homeowners.
Understanding these documents can significantly enhance your experience with the exemption process. By ensuring that you have all the necessary forms completed and submitted, you can avoid potential delays and complications. Always consult with your local assessor if you have questions about your specific situation or the forms required.
Similar forms
The Michigan Department of Treasury Form 2368 is a specific document related to claiming a Homeowner's Principal Residence Exemption. Several other forms serve similar purposes in the realm of property tax exemptions and claims. Below is a list of documents that share similarities with Form 2368:
- Form 2602 - Request to Rescind Homeowner’s Principal Residence Exemption: This form is used to cancel a previously claimed exemption. Like Form 2368, it requires submission to the local assessor.
- Form 504 - Michigan Homestead Property Tax Credit Claim: This form allows homeowners to claim a credit on their property taxes based on income and property taxes paid. Both forms involve financial relief for homeowners.
- Form 573 - Michigan Property Tax Exemption Application: This application is for those seeking a tax exemption on property used for charitable purposes. It is similar in that it involves a formal claim process.
- Form 5118 - Michigan Disabled Veterans Exemption Application: This form allows disabled veterans to apply for an exemption on property taxes. Both forms require specific eligibility criteria to be met.
- Form 5107 - Application for Poverty Exemption: This form is used by homeowners who meet certain income thresholds to apply for a tax exemption. Like Form 2368, it aims to provide tax relief based on personal circumstances.
- Form 570 - Application for Exemption for Non-Profit Organizations: This form is for non-profit organizations seeking property tax exemptions. Similar to Form 2368, it involves a claim for exemption based on specific use of the property.
- Form 501 - Michigan Agricultural Property Tax Exemption Application: This application is for agricultural properties to claim tax exemptions. Both forms deal with specific types of property and their tax obligations.
- Form 529 - Application for Tax Exemption for Certain Property Owned by a Local Unit of Government: This form is used by local governments to claim exemptions on property they own. Similar to Form 2368, it involves a formal process to claim tax relief.
Each of these forms serves a unique purpose but shares the common goal of providing tax relief or exemption based on specific criteria and circumstances.
Dos and Don'ts
Do's
- Print or type your information using blue or black ink.
- Use a separate form for each property you are claiming.
- Provide accurate property tax identification numbers to ensure proper processing.
- Sign and date the form to certify the information is correct.
- Mail the completed form to your local township or city assessor.
Don'ts
- Do not submit the form directly to the Department of Treasury.
- Do not include information for co-owners who do not occupy the principal residence.
- Do not leave any required fields blank; this could delay processing.
- Do not claim a property as your principal residence if you also claim exemptions in another state.
- Do not forget to rescind any previous exemptions if you are no longer eligible.
Misconceptions
Understanding the Michigan Department of Treasury Form 2368 can be challenging due to various misconceptions. Here are five common misunderstandings about this form:
- Misconception 1: Filing the form guarantees a tax exemption.
- Misconception 2: Renters can file this form.
- Misconception 3: You can claim multiple principal residences.
- Misconception 4: You do not need to rescind previous exemptions.
- Misconception 5: The exemption affects property assessments.
While completing the Form 2368 is necessary to apply for a Homeowner's Principal Residence Exemption, it does not automatically guarantee that you will receive the exemption. Your local assessor must review and approve your application based on eligibility criteria.
This form is specifically for homeowners who occupy their principal residence. Renters do not qualify and should not file the Form 2368.
Homeowners may only claim one principal residence at a time. If you have multiple properties, you must designate which one is your principal residence for tax exemption purposes.
If you previously claimed a Homeowner's Principal Residence Exemption and are now filing for a different property, you must rescind the previous exemption. This is done by submitting Form 2602 to your local assessor.
The exemption provided by the Form 2368 only reduces the amount of local school operating taxes. It does not impact the overall assessed value of your property.
Key takeaways
Filling out the Michigan Department of Treasury Form 2368 is an important step for homeowners seeking a Principal Residence Exemption. Here are some key takeaways to help you navigate this process effectively:
- Understand the Purpose: This form is used to claim an exemption from a portion of local school operating taxes for your principal residence. It's essential to file it with your local assessor by May 1st of the claim year.
- One Form per Property: If you own multiple properties, remember to use a separate Form 2368 for each property. Each property must have its own unique property tax identification number.
- Accurate Information is Crucial: Fill out the form carefully, ensuring all information, such as your name, address, and Social Security number, is correct. Any inaccuracies may delay your exemption or result in penalties.
- Notify Changes Promptly: If your principal residence status changes, such as moving or renting out your home, you must inform your local assessor within 90 days using Form 2602 to rescind your exemption.
By keeping these points in mind, you can ensure a smoother experience when filing for your Principal Residence Exemption in Michigan.