Michigan law defines a “transfer of ownership” as “the conveyance of title to or present interest in property, including the beneficial use of the property”. Transfers of ownership include deeds, land contracts, distributions of estates, and a variety of other transactions.
Whenever a property transfer occurs, the new owner must file a Property Transfer Affidavit with the local assessor within 45 days of the transfer. The assessor must adjust or “uncap” the property's taxable value in the year immediately following the transfer.
Some transfers of ownership are exempt from adjusting. Transfers between husband and wife are exempt. Transfers between other family members or from and estate, however, are not exempt.
You can find Property Transfer Affidavits above or in our forms section to download a file with the assessor's office.