Form 4640 Conditional Rescission of Principal Residence Exemption (Pre) - Michigan

What Is Form 4640?

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 4640?
A: Form 4640 is the Conditional Rescission of Principal Residence Exemption (PRE) form in Michigan.

Q: What is the purpose of Form 4640?
A: The purpose of Form 4640 is to request the conditional rescission of the Principal Residence Exemption (PRE) for property in Michigan.

Q: Who needs to fill out Form 4640?
A: Property owners in Michigan who want to request the conditional rescission of the Principal Residence Exemption (PRE) need to fill out Form 4640.

Q: What does the Principal Residence Exemption (PRE) mean?
A: The Principal Residence Exemption (PRE) is a tax incentive program in Michigan that lowers property taxes for those who own and occupy their principal residence.

Q: When should Form 4640 be filed?
A: Form 4640 should be filed when the property owner wants to request the conditional rescission of the Principal Residence Exemption (PRE).

Q: Are there any fees associated with filing Form 4640?
A: There are no fees associated with filing Form 4640.

Q: What information is required on Form 4640?
A: Form 4640 requires information such as the property owner's name, address, and the reason for requesting the conditional rescission of the Principal Residence Exemption (PRE).

Q: How long does it take to process Form 4640?
A: The processing time for Form 4640 may vary, but it is generally processed within a few weeks.

Q: What happens after Form 4640 is processed?
A: After Form 4640 is processed, the property owner will be notified of the decision regarding the conditional rescission of the Principal Residence Exemption (PRE).