Transfer Affidavit Valued For Acquisition
Description
How to fill out Wisconsin Transfer By Affidavit For Estates Valued Under $50,000?
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FAQ
State Law requires a Property Transfer Affidavit to be filed whenever real estate is transferred (even if you are not recording a deed).
A Property Transfer Affidavit is a form that notifies the local taxing authority of a transfer of ownership of real estate.
Calculating the Michigan Real Estate Transfer Tax The real estate transfer tax includes two components: the state tax and the county tax. These taxes are levied at different rates: State Transfer Tax Rate ? $3.75 for every $500 of value transferred. County Transfer Tax Rate ? $0.55 for every $500 of value transferred.
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.