Homestead exemption affidavits must be delivered to the local unit of government or postmarked no later than May 1st of the first year of the exemption. 2. Michigan Department of Treasury Form 2368 (Rev.6-99), Homestead Exemption Affidavit, is required to be filed if you wish to receive an exemption. A Michigan homeowner is only entitled to one personal residence exemption. The filing deadline is June 1 of the year the exemption is being claimed for a full year exemption. Click HERE to access the proper form. Homestead Property Tax Credits are filed with the State of Michigan. In Michigan, there is no such requirement. In a bankruptcy, the Michigan homestead exemption is automatically available to the homeowner. I own the parcel adjoining to my home.