A tax credit for qualified Michigan home owners and renters, which helps to pay some of the property taxes homeowners or renters have been billed. May I claim the exemption?Yes. Complete the affidavit using your name, address, social security number and signature, not the information of the land. The following a brief synopsis of filing a Homestead Property Tax Credit: You may claim a property tax credit if all of the following apply:. Homestead Property Tax Credits are filed with the State of Michigan. Michigan Department of Treasury Form 2368 (Rev. 6-99), Homestead Exemption Affidavit, is required to be filed if you wish to receive an exemption. You must file the Principal Residence Exemption Affidavit with the Assessing Department in order to apply for the exemption. Your local assessor will adjust your taxes on your next prop-. The Homeowner's Principal Residence Exemption.