Form 4816 Request to Bill Seller Following a Principal Residence Exemption (Pre) Denial - Michigan

What Is Form 4816?

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 4816?
A: Form 4816 is a request to bill a seller following a Principal Residence Exemption (PRE) denial in Michigan.

Q: What is a Principal Residence Exemption (PRE) denial?
A: A Principal Residence Exemption (PRE) denial occurs when an individual's application for a tax exemption on their primary residence is denied.

Q: Who should use Form 4816?
A: Form 4816 should be used by sellers who have received a Principal Residence Exemption (PRE) denial and want to pass the property tax burden to the buyer.

Q: What information is required on Form 4816?
A: Form 4816 requires information about the seller, the buyer, the property, and the reason for the Principal Residence Exemption (PRE) denial.

Q: Is there a deadline for submitting Form 4816?
A: Yes, Form 4816 must be submitted to the local tax assessor's office within 60 days of receiving the Principal Residence Exemption (PRE) denial.

Q: What happens after submitting Form 4816?
A: After submitting Form 4816, the buyer will be responsible for paying the property taxes that were denied for the Principal Residence Exemption (PRE).

Q: What if the buyer refuses to pay the property taxes?
A: If the buyer refuses to pay the property taxes, the seller may be held liable for the unpaid taxes.

Q: Can I appeal a Principal Residence Exemption (PRE) denial?
A: Yes, you can appeal a Principal Residence Exemption (PRE) denial by following the instructions provided in the denial notice.

Q: Who should I contact for more information about Form 4816?
A: For more information about Form 4816, you can contact your local tax assessor's office or the Michigan Department of Treasury.