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The Michigan Department of Treasury Form 2368, also known as the Homeowner's Principal Residence Exemption Affidavit, serves a crucial role for homeowners seeking to reduce their property tax burden. This form allows eligible individuals to claim an exemption from a portion of local school operating taxes, provided they own and occupy the property as their principal residence. To initiate this process, homeowners must complete the affidavit and submit it to their local city or township assessor by May 1st of the claim year. It is important to note that filing this affidavit will invalidate any previous claims for a principal residence exemption, necessitating the submission of a separate form, the Request to Rescind Homeowner’s Principal Residence Exemption (Form 2602), for those prior claims. The form requires detailed information, including the property tax identification number, the owner’s and co-owner’s names and Social Security numbers, and specifics about the property itself. Homeowners must also certify that the information provided is accurate under penalty of perjury. Additionally, the form includes questions regarding any prior exemptions claimed in Michigan or other states, ensuring that the exemption is not claimed on multiple properties simultaneously. Understanding the nuances of this form is essential for homeowners to effectively navigate the property tax exemption process and avoid potential penalties for incorrect filings.
Form Example
Michigan Department of Treasury 2368 (Rev.
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 |
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Property Tax Identification Number |
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2. ZIP Code |
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Street Address of Property |
4. Name of Township or City |
5. County |
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Township |
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City |
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6. Date the property in line 1, above, became your principal residence |
6. |
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The property in line 1 above is my: |
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6a. |
Principal residence |
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6b. |
Residential vacant contiguous or adjacent lot |
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7.Name of Owner (First, Middle, Last)
8.Owner's Social Security Number
9.Name of
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11. Property owner's daytime telephone number |
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12.If this parcel has more than one home on it, or if you own and live in one unit of a
(your principal residence) occupies. Your exemption will be based on this percentage |
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Have you claimed a principal residence exemption for another Michigan principal residence? |
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If yes, have you rescinded that principal residence exemption? |
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Do you or your spouse claim an exemption, credit or deduction on property located in |
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another state? |
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Have you or your spouse filed a tax return as a resident of another state? |
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No |
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No |
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No |
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Certification
I certify under penalty of perjury the information contained on this document is true and correct to the best of my knowledge.
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Owner's Signature |
Date |
17a. |
Date |
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17b. Mailing Address, if Different than Property Address Above |
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18. |
Closing Agent or Preparer's Name and Mailing Address |
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Local Government Use Only
19. |
Was an exemption in place prior to this affidavit being filed? |
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20. What is the first year this exemption will be posted to the tax rolls? |
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21. |
Indicate property classification |
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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.
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
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
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.
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.
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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
Document Specs
| Fact Name | Fact Description |
|---|---|
| Form Purpose | The Michigan Department of Treasury 2368 form is used to claim a Homeowner's Principal Residence Exemption. |
| Governing Law | This form is issued under the authority of Public Act 105 of 2003. |
| Filing Deadline | The affidavit must be filed with the local assessor by May 1st of the year in which the claim is made. |
| Invalidation of Previous Claims | Filing this affidavit invalidates any previous Homeowner’s Principal Residence Exemption claimed by the homeowner. |
| Multiple Properties | A separate form must be completed for each property number being claimed for exemption. |
| Certification Requirement | The owner must certify under penalty of perjury that the information provided is true and correct. |
| Rescinding Exemption | If the homeowner stops using the property as their principal residence, they must notify the assessor within 90 days using Form 2602. |
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