Form 2602, Request to Rescind Principal Residence Exemption (PRE), is the Michigan Department of Treasury form that owners file with their local assessor to end a principal residence exemption or reduce the share of the property that qualifies. The City of Wyoming Assessor/Equalization publishes it among the Wyoming property tax forms for owners who sell a home, convert it to another use or stop living in it. On this page you can fill out the form online on FillingPDF and download or print the completed PDF; the official PDF and its instructions are published by the City of Wyoming and the Michigan Department of Treasury.
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What is 2602?
Form 2602, Request to Rescind Principal Residence Exemption (PRE) is the Michigan Department of Treasury form that an owner files with the city or township assessor to remove a principal residence exemption from a property or to change the percentage of the property that qualifies.
The form is issued under authority of Public Act 206 of 1893. Its instructions say it enables people who are selling or converting their home to another use to rescind the exemption, and it also lets people change the percentage of the property they occupy as their principal residence. It is separate from the Principal Residence Exemption (PRE) Affidavit that is filed to claim the exemption: the City of Wyoming Assessor's page describes both and says each is filed with its office.
The form has four parts: Part 1, property information (lines 1 to 10); Part 2, rescind information (lines 11 to 15); Part 3, owner certification (lines 16 to 18); and Part 4, the assessor's certification, which is for local government use only. The form is not valid unless an assessor certifies it, and the assessor then removes or adjusts the exemption.
If it is determined that you claimed a property that is not your principal residence, the instructions warn that you may owe additional tax plus penalty and interest under the Property Tax Act.
Who needs to file 2602?
Owners who claimed a principal residence exemption and no longer own and occupy the property as their principal residence file Form 2602. The instructions say you are required to rescind in that situation. The reasons you can check on line 11 are:
- you are no longer the owner of the property;
- you still own it but no longer occupy it as your principal residence;
- you converted it to rental property;
- you converted it to commercial property;
- another reason, written in on the Other line.
Owners whose occupied share has changed also use it, by entering the new percentage on line 12. This applies to multiple-unit or multi-purpose properties, to parcels with more than one home, and to homes where part has been rented out or converted to an apartment with a separate entrance.
The City of Wyoming Assessor's page adds that Michigan law allows only one principal residence exemption, so a rescind form must be filed for your old homestead before you qualify for a new one.
Use a separate form for each property tax identification number. Do not send the form to the Department of Treasury. When you rescind because of a change in ownership, line 15 asks for the new owner and, if any, the new co-owner.
When to file 2602
File Form 2602 when you stop owning and occupying the property as your principal residence, or when the portion you occupy changes. The effective date of the change goes on line 13. The instructions say the exemption is removed December 31 of the year you rescind it. The form prints no other deadline.
The City of Wyoming Assessor's page says a Request to Rescind should have been filed when your previous home sold, and that it must be filed for your old homestead before you qualify for a new exemption. If you are unsure whether it was filed, the page says to print a Rescind Form and submit it to the assessor's office.
How to fill out 2602
Enter the property tax ID
Line 1: enter the Property Tax Identification Number, found on your tax bill and property tax assessment notice. If you cannot find it, call your township or city assessor. Use a separate form for each number.
Identify the local unit and address
Line 2: write the name of the local unit and check Township or City. Line 3: enter the county. Line 4: give the complete street address of the property; if you live in a village, list the township.
Enter owner and co-owner details
Lines 5 to 7: owner's name (first, middle, last), last four digits of the Social Security number and daytime telephone number. Lines 8 to 10: the same for a co-owner, if there is one.
Check the reason for rescinding
Line 11: check each box that applies, a through e. If you check Other, write the reason on that line.
Enter a new percentage if it changed
Line 12: if the portion you own and occupy as your principal residence has changed, enter the new percentage. For multi-unit or multi-purpose property, divide the floor area of your principal residence by the floor area of the entire building.
Enter the effective date
Line 13: enter the month, day and year on which the change listed on line 11 or line 12 took effect.
Choose who the rescission covers
Line 14: check a for owner and co-owner, b for owner only, or c for co-owner only, matching the people listed in boxes 5 and 8.
List the new owner if sold
Lines 15a and 15b: if you rescind because ownership changed, enter the new owner's name and, if applicable, the new co-owner's name.
Sign, date and add mailing address
Lines 16 and 17: the owner and any co-owner sign and date, each certifying under penalty of perjury that the information is true and correct. Line 18: enter a mailing address only if it differs from the property address.
Leave Part 4 for the assessor
Do not complete Part 4, the Assessor's Certification. The assessor certifies the form and enters the first year the change will be posted to the tax roll.
Review and download the completed PDF
Check the property tax ID, names, reason, date and signatures. Download or print the completed PDF from FillingPDF and send it as described under How to submit.
How to submit 2602
Form 2602 is submitted to the local assessor, by mail or to the City of Wyoming Assessor's office, not to the state.
- Mail: mail the completed form to the township or city assessor where the property is located. The instructions say this address may be on your most recent tax bill or assessment notice.
- City of Wyoming Assessor/Equalization: the city's page says Request to Rescind forms are submitted to its office.
- Do not send it to the Department of Treasury: the instructions say not to send the form directly to the Department of Treasury.
The form is not valid until the assessor certifies it in Part 4, so leave that part blank. For questions, contact your local assessor or the PRE Unit of the Michigan Department of Treasury at 517-373-1950, or visit www.michigan.gov/PRE. FillingPDF lets you fill out and download the PDF; submission follows the channels above.
Common mistakes to avoid
- Leaving line 1 blank or entering the wrong property tax identification number; the instructions say without it the city or township cannot adjust your taxes accurately.
- Using one Form 2602 for more than one property; a separate form is required for each property tax identification number.
- Mailing the form to the Michigan Department of Treasury instead of the city or township assessor where the property is located.
- Filling in Part 4; it is for the assessor only, and the form is not valid unless the assessor certifies it.
- Entering a percentage on line 12 that is not floor area of your principal residence divided by floor area of the whole building for a multiple-unit or multi-purpose property.
- Counting a second residence on the same parcel, such as a mobile home or second house, as part of your principal residence.
- Skipping line 15 when the rescission is due to a change in ownership, so the new owner and co-owner are not listed.
- Leaving line 14 unmarked, so it is unclear whether the rescission covers the owner, the co-owner or both.
- Not signing and dating Part 3, or filling the form out in pencil instead of blue or black ink.
Frequently asked questions
What is Form 2602 used for?
Form 2602, Request to Rescind Principal Residence Exemption (PRE), is used to remove a principal residence exemption from a property or change the percentage of the property that qualifies. It is filed with the local city or township assessor, not with the Michigan Department of Treasury.
Do I have to file a rescind form when I sell my home?
Yes, if you claimed the exemption. The instructions say you are required to rescind when you no longer own and occupy the property as your principal residence, and the City of Wyoming Assessor says a rescind form should be filed when your previous home sells.
Where do I send the Request to Rescind Principal Residence Exemption?
Mail it to the assessor for the city or township where the property is located; the address may be on your latest tax bill or assessment notice. For Wyoming, the city's page says to submit it to the Assessor's office. Do not send it to the Department of Treasury.
When does the exemption come off after I rescind it?
The instructions say the exemption is removed December 31 of the year you rescind it. The assessor records on Part 4 the first year the change will be posted to the tax roll.
Do I need to rescind my old exemption before claiming a new one?
Yes. The City of Wyoming Assessor says Michigan law allows only one principal residence exemption and that a rescind form must be filed for your old homestead before you qualify for your new one.
Can I use Form 2602 if I only rent part of my home?
Yes, to report a changed percentage on line 12. Renting part of a home may require prorating the exemption. Part converted to an apartment with a separate entrance requires dividing your residence's floor area by the whole building's floor area.
Can I fill out Form 2602 online?
You can fill out the PDF online on FillingPDF and download or print it. FillingPDF is independent of the City of Wyoming and the State of Michigan and does not file the form; you send it to the assessor yourself.
Who do I call with questions about Form 2602?
Contact your local assessor or the PRE Unit of the Michigan Department of Treasury at 517-373-1950. The instructions also point to www.michigan.gov/PRE.
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