Fill Your Michigan 2368 Template

The Michigan Department of Treasury 2368 form is an affidavit used to claim a Principal Residence Exemption (PRE) for property tax purposes. This form must be filed with the local assessor of the city or township where the property is located, and it is essential for homeowners who occupy their primary residence to potentially reduce their local school operating taxes. To ensure you benefit from this exemption, complete the form accurately and submit it by May 1 of the claim year.

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Documents used along the form

The Michigan 2368 form, known as the Principal Residence Exemption (PRE) Affidavit, is essential for homeowners seeking tax exemptions on their primary residence. Several other forms and documents are often required alongside this affidavit to ensure compliance with state regulations. Below is a list of these documents, along with brief descriptions of each.

Form 2602: Request to Rescind Principal Residence Exemption (PRE) - This form is used by homeowners who wish to cancel their previously claimed principal residence exemption. It must be filed with the local assessor to officially rescind the exemption.
Form 4640: Conditional Rescission of Principal Residence Exemption (PRE) - Homeowners can use this form when they are selling their previous principal residence. It allows them to retain the exemption conditionally while the property is on the market.
Illinois Bill of Sale: This form is essential for documenting the transfer of ownership for personal property. For more details, you can visit Illinois PDF Forms.
Form 5730: Michigan Homestead Property Tax Credit Claim - This form is for residents who want to claim a credit on property taxes based on their income and property taxes paid. It is separate from the PRE but can be filed simultaneously.
Form 5117: Property Transfer Affidavit - This document is required when a property is transferred to a new owner. It provides the local assessor with necessary information about the change in ownership.
Form 2766: Affidavit of Principal Residence Exemption - This affidavit is used to confirm the eligibility of a property for a principal residence exemption. It may be required in addition to the 2368 form for certain circumstances.

These documents help ensure that homeowners properly manage their tax obligations and exemptions. Filing the correct forms is crucial for maintaining eligibility for tax benefits in Michigan.

Michigan 2368 Preview

Michigan Department of Treasury 2368 (Rev. 04-09)

Principal Residence Exemption (PRE) Afidavit

Issued under authority of Public Act 206 of 1893.

Read the instructions page before completing the form. Completion of this Afidavit constitutes a claim for a Principal Residence Exemption (PRE) when iled with the local assessor of the city or township where the property is located. Filing this Afidavit invalidates any previous PRE the homeowner may have claimed. A Request to Rescind Principal Residence Exemption (PRE) (Form 2602) or a Conditional Rescission of Principal Residence Exemption (PRE) (Form 4640) must be iled with the local assessor for any previous claims.

Print or type in blue or black ink. Use a separate form for each property number.

PART 1: PROPERTY INFORMATION

4Property Tax Identiication Number			Name of City, Township or Village (taxing authority)

				City		Township		Village
				City		Township		Village

4Street Address of Property	4City		4State		4ZIP Code		County

4Owner’s First, Middle and Last Names		4Social Security Number					4Telephone Number

4Co-Owner’s First, Middle and Last Names		4Social Security Number					4Telephone Number

1. The property above is my

Principal Residence

Residential Unoccupied Contiguous or Adjacent Lot

		4
2.	Date the property became your principal residence (mm/dd/yyyy)
3.	If this parcel has more than one home on it, or if you own and live in one unit of a multiple-unit dwelling
	(or a multi-purpose property) give the percentage of the entire property that your unit (your principal
		4
	residence) occupies. Your exemption will be based on this percentage

4.Have you claimed a principal residence exemption for another Michigan principal residence? ..............................

5.If yes, have you rescinded that principal residence exemption? ..............................................................................

6.Do you or your spouse claim an exemption, credit or deduction on property located in another state? ..................

7.Have you or your spouse iled a tax return as a resident of another state? .............................................................

Yes	No
Yes	No
Yes	No
Yes	No

PART 2: CERTIFICATION

Owner’s Mailing Address (If different from property address above)	City		State	ZIP Code

Closing Agent or Preparer’s First Name		Last Name

Closing Agent or Preparer’s Mailing Address	City		State	ZIP Code

Certiication: I certify under penalty of perjury the information contained on this document is true and correct to the best of my knowledge.

Owner’s Signature

Co-Owner’s Signature

Date

LOCAL GOVERNMENT USE ONLY (do not write below this line)

Was an exemption in place prior to this afidavit being iled?

Yes

4First year exemption to be posted to tax rolls?

Property Classiication

2368, Page 2

Instructions for Form 2368

Principal Residence Exemption (PRE) Afidavit

If you own and occupy your principal residence, it may be exempt from a portion of your local school operating taxes. To claim an

exemption, complete this Afidavit and ile it with your township or city by May 1 of the year of the claim. Your local assessor will adjust

your taxes on your next property tax bill. Note that this is an exemption from part of the taxes and does not affect your assessment.

Principal residence means the dwelling that you occupy as your permanent home and any unoccupied adjacent or contiguous properties that are classiied residential.

Owning means you hold the legal title to the principal residence or that you are currently buying it on a notarized or recorded land contract. Renters should not ile this form.

Occupying means this is your principal residence, the place you intend to return to whenever you go away. It may be the address that appears on your driver's license or voter registration card. Vacation homes and income property that you do not occupy as your principal residence may not be claimed. You may have only one principal residence at a time, however, you can ile a Conditional Rescission of Principal Residence Exemption (PRE) (Form 4640) on unsold property that is your previous principal residence under the

following conditions: it is for sale, is not occupied, is not leased, and is not used for any business or commercial purpose.

RESCINdING YOUR ExEMPTION

If you claim an exemption and then stop using it as a principal residence, you must notify your township or city assessor within 90 days of

the change or you may be penalized. This can be done using the Request to Rescind Principal Residence Exemption (PRE) (Form 2602) or iling Form 4640, as noted above.

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.

PART 1: PROPERTY INFORMATION

Submit a separate afidavit for each property tax identiication number being claimed.

It is imporatant that your property tax identiication number is entered accurately. This ensures that your property is identiied properly and that your township or city can accurately adjust your property taxes. You can ind this number on your tax bill and on your property tax assessment notice. If you cannot ind 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.

The request for the Social Security number 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 ilings. Any use of the number by closing agents or local units of government is illegal and subject to penalty.

Line 3: 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 lat), you can claim an exemption only for the portion that you use as your principal residence. Calculate your portion by dividing the loor area of your principal residence by the loor area of the entire building.

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.

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 the renters enter through a common door or your living area to get to their rooms, you may claim a 100 percent exemption if less than 50 percent of your home is rented to others who use it as a residence. However, 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 loor area of your principal residence by the loor area of the entire building.

PART 2: CERTIFICATION

Sign and date the form. Enter your mailing address if it is different 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, visit our Web site at www.michigan.gov/PRE or call (517) 373-1950.

Similar forms

Michigan Form 2602: This is the Request to Rescind Principal Residence Exemption (PRE). It allows homeowners to formally cancel their previous exemption. Like the 2368 form, it requires accurate property information and signatures from the owner.
Michigan Form 4640: This is the Conditional Rescission of Principal Residence Exemption. It is used when a homeowner has not sold their previous principal residence but wants to rescind the exemption. Similar to the 2368 form, it also requires property details and owner certification.
Small Estate Affidavit Form - This form simplifies the process of asset transfer for heirs with minimal estate value, allowing individuals to efficiently manage estate claims through the effective Small Estate Affidavit resources.
Michigan Form 5673: This is the Affidavit of Ownership and Occupancy. Homeowners use it to confirm their ownership and that they occupy the property as their principal residence. It shares the purpose of verifying residence status with the 2368 form.
Michigan Form 5117: This is the Application for the Homestead Property Tax Credit. It provides tax relief for homeowners based on income and property taxes. Both forms aim to reduce tax burdens for eligible homeowners.
Michigan Form 1040: This is the Individual Income Tax Return. Homeowners must report their income and can claim deductions for property taxes. Both forms require accurate financial and property information.
Michigan Form 5730: This is the Application for Disabled Veterans Property Tax Exemption. It allows disabled veterans to claim an exemption similar to the PRE, emphasizing the need for accurate residency documentation.
Michigan Form 3581: This is the Application for Poverty Exemption. It helps low-income homeowners receive property tax relief. Like the 2368 form, it requires proof of residency and income.
Michigan Form 4860: This is the Application for the Principal Residence Exemption for New Construction. It is used by homeowners of newly constructed properties to claim the exemption. Both forms aim to establish residency and eligibility for tax benefits.

Misconceptions

Misconception 1: The Michigan 2368 form is only for homeowners.

This form is designed specifically for individuals who own and occupy their principal residence. Renters are not eligible to file this form, as it is intended for those who hold legal title to the property or are in the process of purchasing it through a land contract.
Misconception 2: Filing the Michigan 2368 form guarantees a tax exemption.

While the form is a claim for a Principal Residence Exemption, it does not automatically grant an exemption. The local assessor must review and approve the application. Additionally, the exemption only applies to a portion of local school operating taxes, not the entire property tax bill.
Misconception 3: You can claim multiple principal residences using one form.

Each property must have its own Michigan 2368 form submitted. Homeowners may only claim one principal residence at a time. If there are multiple properties, a separate affidavit is required for each property tax identification number.
Misconception 4: You can keep your exemption if you stop using the property as your principal residence.

Homeowners must notify their local assessor within 90 days if they cease using the property as their principal residence. Failure to do so can result in penalties, and the exemption may be rescinded. It is crucial to file the appropriate forms to avoid additional tax liabilities.

Detailed Instructions for Using Michigan 2368

After completing the Michigan 2368 form, submit it to the local assessor of the city or township where your property is located. Ensure that you meet the deadline of May 1 for your claim to be processed in the current tax year. This form is essential for claiming a Principal Residence Exemption (PRE) and must be filled out accurately to avoid any issues.

Obtain the Michigan 2368 form from the Michigan Department of Treasury website or your local assessor's office.
Print or type your information in blue or black ink.
In Part 1, enter your Property Tax Identification Number, which can be found on your tax bill or assessment notice.
Provide the name of the City, Township, or Village where the property is located.
Fill in the Street Address, City, State, and ZIP Code of the property.
Enter your full name, including first, middle, and last names.
Input your Social Security Number and telephone number.
If applicable, provide the Co-Owner’s full name, Social Security Number, and telephone number.
Select the appropriate option regarding the property’s status as your principal residence or other classifications.
Indicate the date the property became your principal residence using the mm/dd/yyyy format.
If applicable, provide the percentage of the property that your unit occupies if there are multiple homes on the property.
Answer the questions regarding previous claims for a principal residence exemption and any claims made in another state.
In Part 2, enter your mailing address if it differs from the property address.
Fill in the name and mailing address of the closing agent or preparer if applicable.
Sign and date the form in the designated areas for both the owner and co-owner.
Review the form for accuracy and completeness.
Mail the completed form to the local assessor where the property is located. Do not send it to the Department of Treasury.

Dos and Don'ts

When filling out the Michigan 2368 form for the Principal Residence Exemption (PRE), there are important dos and don'ts to keep in mind. Following these guidelines can help ensure your application is processed smoothly.

Do read the instructions carefully before starting the form.
Do print or type your information using blue or black ink.
Do use a separate form for each property number you are claiming.
Do provide accurate information, especially your property tax identification number.
Do sign and date the form to certify the information is correct.
Don't include information for co-owners who do not occupy the property.
Don't send the form directly to the Department of Treasury; mail it to your local assessor instead.
Don't forget to notify your local assessor if you stop using the property as your principal residence.
Don't claim the exemption if you do not occupy the property as your permanent home.
Don't leave any required fields blank; ensure all necessary information is filled out.