Form 2742 Notice of Denial of Principal Residence Exemption - Michigan

What Is Form 2742?

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 2742?
A: Form 2742 is the Notice of Denial of Principal Residence Exemption in Michigan.

Q: What is the Principal Residence Exemption?
A: The Principal Residence Exemption (PRE) is a tax exemption in Michigan that reduces property taxes for homeowners on their primary residence.

Q: Why would I receive a Notice of Denial of Principal Residence Exemption?
A: You may receive a Notice of Denial if your application for the Principal Residence Exemption was denied or if you no longer qualify for the exemption.

Q: What should I do if I receive a Notice of Denial?
A: If you receive a Notice of Denial, you should review the reasons for denial and take appropriate action. This may include providing additional documentation or updating your property's status.

Q: Can I appeal a denial of the Principal Residence Exemption?
A: Yes, you can appeal a denial of the Principal Residence Exemption. You should follow the instructions provided in the Notice of Denial to file an appeal.

Q: Is there a deadline to file an appeal?
A: Yes, there is usually a deadline to file an appeal. You should check the Notice of Denial for the specific deadline.

Q: What are the consequences of not having a Principal Residence Exemption?
A: Not having a Principal Residence Exemption can result in higher property taxes.

Q: Who is eligible for the Principal Residence Exemption?
A: To be eligible for the Principal Residence Exemption in Michigan, you must own and occupy the property as your principal residence.

Q: Are there any income or age requirements for the Principal Residence Exemption?
A: No, there are no income or age requirements for the Principal Residence Exemption in Michigan.