We develop a reduced-order model for thin plates made of hard magnetorheological elastomers (hard-MREs), which are composed of hard-magnetic particles embedded in a polymeric matrix. First, we propose a new magnetic potential, as an alternative to an existing torque-based 3D continuum theory of hard-MREs, obtained by reformulating the remnant magnetization of a deformed hard-MRE body. Specifically, the magnetizations in the initial and current configurations are related by the rotation tensor decomposed from the deformation gradi-ent, independently of stretching deformation, motivated by recently reported observations in microscopic homogenization simulations. Then, we derive a 2D plate model through the dimensional reduction of our proposed rotation-based 3D theory. For comparison, we also provide a second plate model derived from the existing 3D theory. Finally, we perform precision experiments to thoroughly evaluate the proposed 3D and 2D models on hard-magnetic plates under various magnetic and mechanical loading conditions. We demonstrate that our rotation -based modification of the magnetic potential is crucial in correctly capturing the behavior of plates subjected to an applied field aligned with the magnetization, and undergoing in-plane stretching. In all the tested cases, our rotation-based 3D and 2D models yield predictions in excellent quantitative agreement with the experiments and can thus serve as predictive tools for the rational design of hard-magnetic plate structures.