General Instructions
This form enables people who are selling or converting
their home to another use to rescind their exemption. It also
enables people to change the percentage that they occupy as
their principal residence.
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 Property Tax Act.
Line-by-Line Instructions
Lines not listed here are explained on the form.
Property Information
Line 1. Property is identified with a property tax
identication number. This number will be found on your tax
bill and on your property tax assessment notice. Enter this
number in the space indicated. If you cannot nd this number,
call your township or city assessor. Submit a separate Form
2602 for each exemption being rescinded. Your property
number is vital; without it, your township or city cannot adjust
your property taxes accurately.
Lines 2-5. Enter the complete property address of the
exemption you are rescinding. Check the appropriate box for
the city or township. If you live in a village, list the township
in which the principal residence is located.
Lines 6-10. Enter the name, Social Security Number(s) and
daytime telephone number of the legal owner(s). Do not
include information for a co-owner who does not occupy
the principal residence.
Note: 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 lings. Any use of the number by
closing agents or local units of government is illegal and
subject to penalty.
Change an Existing Exemption
You are required to rescind a principal residence exemption
when you no longer own and occupy the property as
your principal residence. The exemption will be removed
December 31st of the year you rescind the exemption.
Line 11. Check the box(es) that most accurately reects
reason you are rescinding your exemption.
Line 12. If you own and live in a multiple-unit or
multi-purpose property (e.g. a duplex or apartment
building, or a storefront with an upstairs at), you can claim
an exemption only for the portion that you use as your
principal residence. Calculate your portion by dividing the
oor area of your principal residence by the oor 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 of your
living area to get to their rooms, you may claim 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 oor area of your principal residence by the
oor area of the entire building.
Line 13. Enter the date that the change(s) indicated on lines
11 and 12 above became effective.
Line 14. Select the appropriate box.
Line 15. If this rescission is being done because of a change
in ownership, list the new owner and, if applicable, co-owner
on the appropriate lines.
Certication
Sign and date the form. Enter your mailing address if it is
different from the address on line 3.
Mailing Information
Mail your completed form to the township or city assessor in
which 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 www.michigan.gov/treasury
or call (517) 373-1950.
Instructions for Form 2602,
Request to Rescind Principal Residence Exemption