Form 2368 Michigan PDF Details

In a move to support homeownership and ensure tax fairness, the Michigan Department of Treasury introduced the 2368 form, a Homowner's Principal Residence Exemption Affidavit. Governed by the Public Act 105 of 2003, this critical document provides a path for property owners to claim an exemption from part of their local school operating taxes, assuming the property in question qualifies as their principal residence. By accurately completing and submitting this affidavit to the local assessor of the city or township where the property is located, homeowners declare one property as their principal dwelling, effectively invalidating any prior claims for this exemption on other properties. This might require submitting a Request to Rescind Homeowner’s Principal Residence Exemption, Form 2602, to clear claims on any previous residences. This process requires detailed information about the property, including tax identification and precise details about the home's occupancy, while also mandating that all co-owners, if applicable, provide personal identification and consent. Furthermore, the form calls for transparency regarding any exemptions, credits, or deductions on out-of-state properties, ensuring that homeowners meet eligibility criteria. It protects the integrity of the tax system through a self-certification process under penalty of perjury, highlighting the seriousness with which claims are considered and the ramifications of any fraudulent claims. Through a combination of providing detailed instructions for completion and setting clear deadlines, such as the May 1st filing requirement, the 2368 form streamlines the exemption process, marking a significant step towards tax fairness and simplification for Michigan homeowners.

QuestionAnswer
Form NameForm 2368 Michigan
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesMichigan, Preparer, 1st, lings

Form Preview Example

Michigan Department of Treasury 2368 (Rev. 4-07)

Homeowner's Principal Residence Exemption Affidavit

Issued under authority of P.A. 105 of 2003.

Completion of this affidavit constitutes a claim for a Homeowner’s Principal Residence Exemption when filed with the local assessor of the city or township where the property is located. Filing this affidavit invalidates any previous Homeowner’s Principal Residence Exemption the homeowner may have claimed. A Request to Rescind Homeowner’s Principal Residence Exemption, Form 2602 must be filed with the local assessor for any previous claims.

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

Property Information

 

 

 

 

 

 

 

 

 

1.

Property Tax Identification Number

 

 

 

 

2. ZIP Code

 

 

 

 

 

 

 

 

 

 

3.

Street Address of Property

4. Name of Township or City

5. County

 

 

 

 

 

 

 

Township

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

 

 

 

 

 

 

 

 

 

6. Date the property in line 1, above, became your principal residence

6.

 

 

 

 

The property in line 1 above is my:

 

 

6a.

Principal residence

 

Month

Day

Year

 

 

 

 

 

 

 

 

 

 

 

 

6b.

Residential vacant contiguous or adjacent lot

 

 

 

7.Name of Owner (First, Middle, Last)

8.Owner's Social Security Number

9.Name of Co-Owner (First, Middle, Last)

10.Co-Owner's Social Security Number

11. Property owner's daytime telephone number

11.

12.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 residence) occupies. Your exemption will be based on this percentage

12.

13.

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

13.

14.

If yes, have you rescinded that principal residence exemption?

14.

15.

Do you or your spouse claim an exemption, credit or deduction on property located in

 

 

another state?

15.

16.

Have you or your spouse filed a tax return as a resident of another state?

16.

%

Yes

No

Yes

No

Yes

No

Yes

No

Certification

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

17.

Owner's Signature

Date

17a. Co-Owner's Signature

Date

 

 

 

 

17b. Mailing Address, if Different than Property Address Above

 

 

 

 

 

 

 

 

18.

Closing Agent or Preparer's Name and Mailing Address

 

 

 

 

 

 

 

 

Local Government Use Only -- Do Not Write Below This Line

19.

Was an exemption in place prior to this affidavit being filed?

19.

20. What is the first year this exemption will be posted to the tax rolls?

20.

21.

Indicate property classification

21.

www.michigan.gov/treasury

Instructions for Form 2368,

Homeowner’s Principal Residence Exemption Affidavit

General Information

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 affidavit and file it with your township or city by May 1st 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.

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 file this form.

Occupying means this is your principal residence, the place you intend to return to whenever you go away. It is the address that appears on your driver's license or voter registration card. You may have only one principal residence at a time. Vacation homes and income property which you do not occupy as your principal residence, may not be claimed.

Rescinding Your Exemption. If you claim an exemption, 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 Form 2602, Request to Rescind Homeowner's PrincipAL Residence Exemption.

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 Property Tax Act.

Line-By-line Instructions

Lines not listed here are explained on the form.

Property Information

Line 1. Property is identified with a property tax identification number. This number will be found on your tax bill and on your property tax assessment notice. Enter this number in the space indicated. If you cannot find this number, call your township or city assessor. Submit a separate affi davit for each property being claimed.

Your property number is vital. Without it, your township or city cannot adjust your property taxes accurately.

Lines 2-5. Enter the complete address of the property you are claiming. Check the appropriate box for city or township. If you live in a village, list the township in which the principal residence is located.

Line 6. Your principal residence is the dwelling that you occupy as your permanent home and any vacant adjacent or contiguous properties that are classed residential. Indicate the date this property became your principal residence.

Lines 7-11. Enter the name, Social Security Number(s) and daytime telephone number of the legal owner(s). Do not include information for a co-owner who does not occupy the principal residence.

Note: 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 filings. Any use of the number by closing agents or local units of government is illegal and subject to penalty.

Line 12. Multiple-Unit or Multi-Purpose Property. If you own and live in a multiple-unit or multi-purpose property (e.g., a duplex or apartment building, or a storefront with an upstairs flat), you can claim an exemption only for the portion that you use as your principal residence. Calculate your portion by dividing the floor area of your principal residence by the fl oor 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 personal 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 personal 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 floor area of your principal residence by the floor area of the entire building.

Lines 13-16. Check the box or boxes that apply to you.

Certification

Sign and date the form. Enter your mailing address if it is different from the address at the top of the form.

Mailing Information

Mail your completed form to the township or city assessor in which 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/treasury or call 1-517-636-4320.

How to Edit Form 2368 Michigan Online for Free

You'll be able to fill in 17b easily by using our online editor for PDFs. We at FormsPal are devoted to providing you with the absolute best experience with our tool by constantly releasing new capabilities and enhancements. Our editor is now much more useful with the newest updates! So now, working with PDF files is simpler and faster than ever. To get the process started, consider these easy steps:

Step 1: Access the PDF in our editor by clicking the "Get Form Button" in the top part of this page.

Step 2: After you launch the PDF editor, you'll notice the document prepared to be filled in. Besides filling in various blanks, you could also perform other things with the PDF, specifically adding custom text, editing the initial text, inserting illustrations or photos, putting your signature on the form, and a lot more.

This document will require particular data to be filled out, so you must take whatever time to enter what is required:

1. The 17b requires particular details to be inserted. Make sure the following fields are finalized:

1st completion process clarified (step 1)

2. Just after completing the last step, go on to the next stage and fill out the essential details in these blanks - If yes have you rescinded that, Yes, Yes, Yes, Certification, I certify under penalty of perjury, Owners Signature, Date, a CoOwners Signature, Date, b Mailing Address if Different, Closing Agent or Preparers Name, Local Government Use Only Do Not, Was an exemption in place prior, and cid.

Stage number 2 of completing 1st

Be very attentive when filling out If yes have you rescinded that and Yes, as this is where a lot of people make a few mistakes.

Step 3: Before finalizing this file, it's a good idea to ensure that all form fields have been filled in the right way. As soon as you think it's all fine, click on “Done." Sign up with FormsPal right now and immediately use 17b, prepared for download. All adjustments you make are kept , helping you to customize the pdf at a later point as needed. We do not share any information you type in while dealing with documents at FormsPal.

Form 2368 Michigan isn’t the one you’re looking for?

Related Documents