Transfer Affidavit Valued Form Michigan
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FAQ
Affidavit must be filed by the new owner with the assessor for the city or township where the property is located within 45 days of the transfer. The information on this form is NOT CONFIDENTIAL.
State Law requires a Property Transfer Affidavit to be filed whenever real estate is transferred (even if you are not recording a deed).
The Property Transfer Affidavit is used to inform the assessor of the transfer (sale, inheritance, etc.) of property. The Property Transfer Affidavit is a result of the Proposal A reforms which 'caps', or limits, the rate of increase of your property's "taxable value" (the value used to calculate your tax bill).
Affidavit must be filed by the new owner with the assessor for the city or township where the property is located within 45 days of the transfer. The information on this form is NOT CONFIDENTIAL.
Real Estate Transfer Tax Valuation Affidavit The tax is based on the value of the real property transferred and is collected at the time the contract or instrument of conveyance is submitted for recording. ?Value? means the current or fair market worth in terms of legal monetary exchange at the time of the transfer.