Form 2368 - Principal Residence Exemption (Pre) Affidavit - 2009 Page 2
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22368, Page 2
Instructions for Form 2368
Principal Residence Exemption (PRE) Affidavit
If you own and occupy your principal residence, it may be exempt from a portion of your local school operating taxes. To claim an
exemption, complete this Affidavit and file it with your township or city by May 1 of the year of the claim. Your local assessor will adjust
your taxes on your next property tax bill. Note that this is an exemption from part of the taxes and does not affect your assessment.
Principal residence means the dwelling that you occupy as your permanent home and any unoccupied adjacent or contiguous properties
that are classified residential.
Owning means you hold the legal title to the principal residence or that you are currently buying it on a notarized or recorded land
contract. Renters should not file this form.
Occupying means this is your principal residence, the place you intend to return to whenever you go away. It may be the address that
appears on your driver's license or voter registration card. Vacation homes and income property that you do not occupy as your
principal residence may not be claimed. You may have only one principal residence at a time, however, you can file a Conditional
Rescission of Principal Residence Exemption (PRE) (Form 4640) on unsold property that is your previous principal residence under the
following conditions: it is for sale, is not occupied, is not leased, and is not used for any business or commercial purpose.
RESCINdING YOUR ExEMPTION
If you claim an exemption and then stop using it as a principal residence, you must notify your township or city assessor within 90 days of
the change or you may be penalized. This can be done using the Request to Rescind Principal Residence Exemption (PRE) (Form 2602)
or filing Form 4640, as noted above.
INTEREST ANd PENALTY
If it is determined that you claimed property that is not your principal residence, you may be subject to the additional tax plus penalty
and interest as determined under the General Property Tax Act.
PART 1: PROPERTY INFORMATION
Submit a separate affidavit for each property tax identification number being claimed.
It is imporatant that your property tax identification number is entered accurately. This ensures that your property is identified
properly and that your township or city can accurately adjust your property taxes. You can find this number on your tax bill and on your
property tax assessment notice. If you cannot find this number, call your township or city assessor.
NOTE: Do not include information for a co-owner who does not occupy the property as a principal residence.
The request for the Social Security number is authorized under Section 42 USC 405 (c) (2) (C) (i). It is used by the Department of
Treasury to verify tax exemption claims and to deter fraudulent filings. Any use of the number by closing agents or local units of
government is illegal and subject to penalty.
Line 3: If you own and live in a multi-unit or multi-purpose property (e.g., a duplex or apartment building, or a storefront with an
upstairs flat), you can claim an exemption only for the portion that you use as your principal residence. Calculate your portion by dividing
the floor area of your principal residence by the floor area of the entire building.
If the parcel of property you are claiming has more than one home on it, you must determine the percentage that you own and occupy
as your principal residence. A second residence on the same property (e.g., a mobile home or second house) is not part of your principal
residence, even if it is not rented to another person. Your local assessor can tell you the assessed value of each residence to help you
determine the percentage that is your principal residence.
If you rent part of your home to another person, you may have to prorate your exemption. If your home is a single-family dwelling
and the renters enter through a common door or your living area to get to their rooms, you may claim a 100 percent exemption if less
than 50 percent of your home is rented to others who use it as a residence. However, if part of the home was converted to an apartment
with a separate entrance, you must calculate the percentage that is your principal residence by dividing the floor area of your principal
residence by the floor area of the entire building.
PART 2: CERTIFICATION
Sign and date the form. Enter your mailing address if it is different from the address under Part 1.
MAILING INFORMATION
Mail your completed form to the township or city assessor where the property is located. This address may be on your most recent tax
bill or assessment notice. Do NoT send this form directly to the Department of Treasury.
If you have any questions, visit our Web site at or call (517) 373-1950.
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