P.R.E. & Transfers Information
Public Acts 121-122 of 2017 Principal Residence Exemption:
Public Acts 121-122 of 2017 were signed into law on October 5, 2017. The Acts amend MCL 211.7cc and MCL 211.120 of the General Property Tax Act to provide that the assessor of a local tax collecting unit, the Department of Treasury, or a county treasurer or equalization director can require a person who claimed a principal residence exemption (PRE), within 30 days of claiming the PRE, to file the Principal Residence Exemption Affidavit of Similar Exemption in Other States, Form 5565, stating that he or she had not claimed a substantially similar exemption, deduction, or credit in another state. Public Act 121 also prohibits a person from rescinding a substantially similar exemption, deduction, or credit claimed in another state in order to qualify for the Michigan PRE for any years denied, if the assessor of a local tax collecting unit, the Department of Treasury, or a county denied an existing claim for a PRE. The Act prescribes a penalty of $500 for a person who claimed a PRE under the Act and a substantially similar exemption, deduction, or credit in another state.
Public Act 122 amends the General Property Tax Act to extend a misdemeanor penalty to a person who claimed a substantially similar exemption, deduction, or credit on property in another state with the intent to obtain a PRE under the Act.
Treasury staff is available to assist and answer questions regarding this Act or other PRE related questions. The following are key contacts:
PRE Program E-mail Address: PTE-Section@michigan.gov.
Copies of all PRE forms can be found online at www.michigan.gov/PRE.
Principal Residence Exemption (Eff. May 1, 2012) Notice: Public Act 114 of 2012
Principal Residence Exemption Guidelines
Principal Residence Forms & Changes
Transfer of Ownership Guidelines
2013 - P.A. 497 of 2012 Transfer of Ownership (Bulletin 5 of 2013)
Property Transfer Affidavit Form