Form 2705 Real Estate Transfer Tax Valuation Affidavit - Michigan

Form 2705 Real Estate Transfer Tax Valuation Affidavit - Michigan

What Is Form 2705?

This is a legal form that was released by the Michigan Department of Treasury - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a Form 2705?
A: Form 2705 is a Real Estate Transfer Tax Valuation Affidavit used in Michigan.

Q: What is the purpose of Form 2705?
A: The purpose of Form 2705 is to declare the true cash value of real estate for the calculation of transfer taxes in Michigan.

Q: Who needs to fill out Form 2705?
A: The buyer or the buyer's agent is typically responsible for completing Form 2705.

Q: What information is required on Form 2705?
A: Form 2705 requires information about the property being transferred, the buyer, the seller, and the transaction details.

Q: Are there any filing fees for Form 2705?
A: Yes, there may be filing fees associated with submitting Form 2705. The specific fees vary by county.

Q: When should Form 2705 be filed?
A: Form 2705 should be filed within 45 days of the transfer of real estate in Michigan.

Q: What happens if Form 2705 is not filed?
A: Failure to file Form 2705 may result in penalties and interest being assessed on the transfer tax amount.

Q: Can Form 2705 be filed electronically?
A: Yes, some counties in Michigan allow for electronic filing of Form 2705.

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Form Details:

  • Released on November 1, 2016;
  • The latest edition provided by the Michigan Department of Treasury;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;

Download a fillable version of Form 2705 by clicking the link below or browse more documents and templates provided by the Michigan Department of Treasury.

Download Form 2705 Real Estate Transfer Tax Valuation Affidavit - Michigan

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