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.
Q: What is Form 4983?
A: Form 4983 is a document used for the conditional rescission of a Principal Residence Exemption (PRE) in Michigan.
Q: What is a Principal Residence Exemption (PRE)?
A: A Principal Residence Exemption (PRE) is a tax exemption given to the owner-occupants of a principal residence in Michigan.
Q: When is Form 4983 used?
A: Form 4983 is used when there is a foreclosure on a property that was previously granted a Principal Residence Exemption (PRE).
Q: What does conditional rescission mean?
A: Conditional rescission means that the tax exemption is temporarily revoked due to the foreclosure, but it can be reinstated if certain conditions are met.
Q: What information is required on Form 4983?
A: Form 4983 requires information such as the property address, the new owner's name and address, and details about the foreclosure and transfer of ownership.
Q: Do I need to pay a fee to file Form 4983?
A: No, there is no fee to file Form 4983.
Q: What is the deadline for filing Form 4983?
A: Form 4983 must be filed within 90 days from the date of the foreclosure.
Q: What happens if I don't file Form 4983?
A: If you don't file Form 4983, you may lose the opportunity to have the Principal Residence Exemption (PRE) reinstated.
Q: Can I appeal if my Form 4983 is denied?
A: Yes, if your Form 4983 is denied, you have the right to appeal the decision.
Q: Is Form 4983 specific to Michigan?
A: Yes, Form 4983 is specific to Michigan and is used for the conditional rescission of a Principal Residence Exemption (PRE) in the state.
Form Details:
Download a fillable version of Form 4983 by clicking the link below or browse more documents and templates provided by the Michigan Department of Treasury.