Michigan Real Estate Tax Valuation Affidavit

In accordance with Michigan State Law, a Property Transfer Affidavit must be filed with the local assessor's office whenever real estate or some types of personal property transfer ownership (a transfer of ownership is generally defined as: a conveyance of title to, or present interest in, a property, including

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.

A Property Transfer Affidavit is a form that notifies the local taxing authority of a transfer of ownership of real estate.The law requires a new owner to file this within 45 days after a transfer of ownership.

Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.

Find the most recent deed to the property. Create the new deed. Sign and notarize the deed. File the deed in the county land records.

Identify the donee or recipient. Discuss terms and conditions with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the deed.

Seller closing costs in Michigan The home seller typically pays the real estate transfer taxes. The state tax is calculated at $3.75 for every $500 of value transferred and the county tax is calculated at $0.55 for every $500 of value transferred.