Form 2368 Principal Residence Exemption (Pre) Affidavit - Michigan

What Is Form 2368?

This is a legal form that was released by the Michigan Department of Treasury - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 2368?
A: Form 2368 is the Principal Residence Exemption (PRE) Affidavit.

Q: What is the purpose of Form 2368?
A: The purpose of Form 2368 is to claim a principal residence exemption for property taxes in Michigan.

Q: Who can use Form 2368?
A: Michigan residents who own and occupy a property as their primary residence can use Form 2368.

Q: What is a principal residence exemption?
A: A principal residence exemption is a reduction in property taxes for the homeowner's primary residence.

Q: How often do I need to file Form 2368?
A: Form 2368 needs to be filed only once, unless there is a change in ownership or occupancy of the property.

Q: What information do I need to provide on Form 2368?
A: You will need to provide your personal information, property details, and certify that the property is your principal residence.

Q: When is the deadline to file Form 2368?
A: The deadline to file Form 2368 is on or before May 1st of the year in which you wish to claim the exemption.

Q: What happens if I fail to file Form 2368?
A: Failure to file Form 2368 may result in the denial of the principal residence exemption and the full property taxes will be assessed.

Q: Are there any exceptions to the May 1st deadline?
A: Yes, there are exceptions for newly-purchased properties and properties that undergo a physical transfer of ownership during the year.