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Michigan Property Transfer Affidavit

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The Michigan Property Transfer Affidavit is provided by Michigan Department of Treasury for the new owner to file with the assessor to ensure the proper assessment of the property transferred.

Michigan Property Transfer Affidavit
Michigan Property Transfer Affidavit
5. Purchase Price of Real Estate
Michigan Department of Treasury
2766 (Rev. 1-09)
Property Transfer Affidavit
This form must be filed whenever real estate or some types of personal property are transferred (even if you are not recording a deed).
It is used by the assessor to ensure the property is assessed properly and receives the correct taxable value. It 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. If it is not filed
timely, a penalty of $5/day (maximum $200) applies. The information on this form is NOT CONFIDENTIAL.
1. Street Address of Property
3. City/Township/Village of Real Estate
8. Buyer's (Transferee) Name and Mailing Address7. Seller's (Transferor) Name
I certify that the information above is true and complete to the best of my knowledge.
Owner's Signature If signer is other than the owner, print name and title
This form is issued under authority of
P.A. 415 of 1994. Filing is mandatory.
6. Property Identification Number (PIN). If you don't have a PIN, attach legal description.
4. Date of Transfer (or land contract was signed)
Items 9 - 14 are optional. However, by completing
them you may avoid further correspondence.
9. Type of Transfer
Land Contract
Deed
The Michigan Constitution limits how much a property’s taxable value can increase while it is owned by the same person. Once the property is
transferred, the taxable value must be adjusted by the assessor in the following year to 50 percent of the property's usual selling price (State
Equalized Value). Certain types of transfers are exempt from adjustment. Below are brief descriptions of the types of exempt transfers; full descriptions
are in MCL Section 211.27a(7)(a-n). If you believe this transfer is exempt, indicate below the type of exemption you are claiming. If you claim an
exemption, your assessor may request more information to support your claim.
EXEMPTIONS
transfer from one spouse to the other spouse
change in ownership solely to exclude or include a spouse
transfer of that portion of a property subject to a life lease or life estate (until the life lease or life estate expires)
transfer to effect the foreclosure or forfeiture of real property
transfer by redemption from a tax sale
transfer into a trust where the settlor or the settlor's spouse conveys property to the trust and is also the sole beneficiary of the trust
transfer resulting from a court order unless the order specifies a monetary payment
transfer creating or ending a joint tenancy if at least one person is an original owner of the property (or his/her spouse)
transfer to establish or release a security interest (collateral)
transfer of real estate through normal public trading of stocks
transfer between entities under common control or among members of an affiliated group
transfer resulting from transactions that qualify as a tax-free reorganization
transfer of qualified agricultural property when the property remains qualified agricultural property and affidavit has been filed.
transfer of qualified forest property when the property remains qualified forest property and affidavit has been filed.
transfer of land with qualified conservation easement (land only - not improvements)
other, specify:
CERTIFICATION
PIN. This number ranges from 10 to 25 digits. It usually
includes hyphens and sometimes includes letters. It is on
the property tax bill and on the assessment notice.
2. County
City
Township
Village
11. Is the transfer between related persons 12. Amount of Down Payment
14. Amount Financed (Borrowed)
Date
Transfers include deeds, land contracts, transfers involving trusts
or wills, certain long-term leases and interest in a business. See
the back for a complete list.
Yes
Lease
Other (specify)
L-4260
Daytime Phone Number E-mail Address
No
13. If you financed the purchase, did you pay market rate of interest
Yes No
10. Was this property purchased from a financial institution
Yes No
8a. Buyer's (Transferee) Telephone Number
Reset Form
Michigan Property Transfer Affidavit
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