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 specific to Michigan.

Q: What is the Principal Residence Exemption (PRE)?
A: The Principal Residence Exemption (PRE) is a program in Michigan that provides a tax break to homeowners who use their property as their primary residence.

Q: Who is eligible for the Principal Residence Exemption (PRE)?
A: Homeowners in Michigan who use their property as their primary residence are generally eligible for the Principal Residence Exemption (PRE).

Q: What is the purpose of Form 2368?
A: Form 2368 is used to apply for the Principal Residence Exemption (PRE) in Michigan.

Q: What information is required on Form 2368?
A: Form 2368 requires information such as the property address, owner's name, and the date the property was occupied.

Q: When should I file Form 2368?
A: Form 2368 should be filed with the local assessor's office by May 1st of the year in which you wish to claim the Principal Residence Exemption (PRE).

Q: Are there any penalties for filing Form 2368 late?
A: Late filings of Form 2368 may result in the loss of the Principal Residence Exemption (PRE) for that tax year.

Q: Can I file Form 2368 if I rent out a portion of my property?
A: Yes, you can still file Form 2368 if you rent out a portion of your property, as long as you use a portion of the property as your primary residence.

Q: Can I claim the Principal Residence Exemption (PRE) on multiple properties?
A: No, the Principal Residence Exemption (PRE) can only be claimed on one property in Michigan.