The Property Transfer Affidavit must be filed with the City of Allen Park Assessing Department within 45 days from the date of transfer of ownership.
Property tax “uncapping”:
In Michigan, annual increases to the taxable value of a property (the dollar value that you pay taxes on) are “capped” at the rate of inflation or 5% whichever is lower.
However, when a transfer of property ownership occurs, such as a sale, the cap on the taxable value of the property is removed, and the state equalized value (SEV) of the property becomes the new taxable value in the following tax year. If you double the SEV, the result is the estimated true cash value of the property.
If a property’s taxes have been capped for several years, the disparity between the taxable value and the SEV could be quite large, and the property tax bills after “uncapping” would be significantly higher.
For more information on what constitutes a "Transfer of Ownership" under the Michigan Constitution as amended by Proposal A of 1994, click on the following link: Transfer of Ownership
The Property Transfer Affidavit can be found under the Assessing Department’s webpage at www.cityofallenpark.org/Transfers of Ownership
Transfer of Ownership Guidelines