26-001159 UNCAPPING NOTICE.pdf

Page 1

Township of Elk Rapids 

316 Bridge Street 

« 

P.O. Box 365 

« 

Elk Raplds, Michigan 49629 

Telephone 231-264-9333 

+ Fax 231-264-6676 

February 7, 2025 

RE: Uncapping of taxable value 05-43-010-303-00 & 05-43-010-310-00, Elk Rapids Twp, Antrim Co. 

To whom it may concern, 

Attached please find the uncapping of taxable value for the above referenced properties. This office has 

been informed of the prior owner's death dated 2/1/2021, resulting in the uncapping of taxable value 

for 2022. As of today’s date our office has not received notification of new ownership and is requesting 

such documents to be recorded with Antrim County to ensure accuracy of ownership. 

Respectfully, 

Abn Zing 

Karleen Sempert 

Township Assessor 

315 Bridge Street 

PO Box 365 

Elk Rapids, MI 49629 

Ksempert@elkraplds.com 

cc 

Antrim County Treasurer 

Antrim County Equalization

Page 2

Michigan Department of Treasury 

3214 (Rev. 809) 

Assessor Affidavit Regarding "Uncapping” of Taxable Value 

The changes in Taxable Value recorded on this affidavit are related to the "Uncapping® of Taxable Value due to a failure on the part of the 

transferee (buyer) to timely file the Property Transfer Affidavit (form L-4260). 

In accordance with the authority identified in Section 27b of the General Property Tax Act (P.A. 206 of 1893, as amended), a correction 

has been made in the Taxable Value of the following described Real/Personal property: 

05-43-010-303-00 located in the City of/ Township of/Village of 

(Parcel Identification Number) 

County 

ELK RAPIDS This is a 

2022

(Tax Year) 

Correction of Taxable Value Due to Transfer of Ownership 

School Code 

05060 

HOMESTEAD AND QUALIFIED AGRICULTURAL 

NON-HOMESTEAD AND NON-QUALIFIED

Before Correction 

Amount of 

Increase/Decrease 

Corrected 

Amount of 

Before Correction 

Increase/Decrease 

State Equalized Valuation 

187,700 

| 

i 

. 

Taxable Valuation 

122,404 

65,296 

187,700 

Correction of Taxing Unit Levy 

Taxing Unit 

HOMESTEAD AND QUALIFIED AGRICULTURAL 

NON-HOMESTEAD AND NON-QUALIFIED

Amount of 

Amount of 

Before Correction 

Increase/Decrease 

Corrected 

Before Correction 

Increase/Decrease 

County 

Intermediate School District 

Community College 

State Education Tax 

Local School Operating 

Local School Supplemental (<=18) 

Local School Supplemental (>=18) 

Local School Enhancement 

Local School Debt 

City/Township/Village 

Other 

Total 

NOTE: The levy section of this affidavit does not include collections fees, penalties, and interest. These must be added to the bill, when applicab

Lele 

Saulert 

the abovesnformation is true, fo the best of my knowledge. 

being the certified assessor for the City/Twp of 

ELK 

LAPD TWH 

, do hereby

fi 

Date 2[1 [202¢ 

TT 1474 

1 

Copies to: Property Owner, Equalization Department, County Treasurer, and the Treasurers of all other affected Taxing Units.

Page 3

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Page 9

Michigan Department of Treasury 

- 

2766 (Rev. 05-16) 

L-4260 

P rope rty Transfer Affidavit 

This form is issued under authority of PA. 415 of 1994. Filing is mandatory. 

This form must be filed whenever real estate or some types of personal property are transferred (even if you are not recording a deed). The completed 

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. 

1. Street Address 

of Property 

2. County 

3. Date of Transfer (or land contract signed) 

4. Location of Real Estate (Check appropriate field and enter name in the space below.) 

5. Purchase Price of Real Estate 

[city 

[] Township 

[] village 

6. Seller's (Transferor) Name 

7. Property Identification Number (PIN). If you don't have a PIN, attach legal description. 

8. Buyer's (Transferee) Name and Mailing Address 

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. 

9. Buyer's (Transferee) Telephone Number 

items 10 - 15 are optional. However, by completing them you may avoid further correspondence. 

10. Type of Transfer. Transfers include, but are not limited to, deeds, land contracts, transfers involving trusts or wills, certain long-term leases and business interest. See 

* 

rod Contract 

1 Lease 

[] Deed 

J Other (specify) 

11. Was property purchased from a financial institution? | 12. Is the transfer between related persons? 

13. Amount of Down Payment 

[] Yes 

] No 

J] Yes 

] No 

14. If you financed the purchase, did you pay market rate of interest? 

15. Amount Financed (Borrowed) 

[] Yes 

1] No 

EXEMPTIONS 

Certain types of transfers are exempt from uncapping. 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. 

[1] Transfer from one spouse to the other spouse 

] Change in ownership solely to exclude or include a spouse 

[] Transfer between certain family members *(see page 2) 

J] Transfer of that portion of a property subject to a life lease or life estate (until the life lease or life estate expires) 

Transfer between certain family members of that portion of a property after the expiration or termination of a life estate or life lease retained 

by transferor ** (see page 2) 

[] Transfer to effect the foreclosure or forfeiture of real property 

1] 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 

1 Transfer resulting from a court order unless the order specifies 

a monetary payment 

1] Transfer creating or ending a joint tenancy if at least one person is an original owner of the property (or his/her spouse) 

1 Transfer to establish or release a security interest (collateral) 

Transfer of real estate through normal public trading of stock 

1 Transfer between entities under common control or among members of an affiliated group 

1 Transfer resulting from transactions that qualify as a tax-free reorganization under Section 368 of the Internal Revenue Code. 

J 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.

Page 10

2766, Page 2 

Instructions: 

This form must be filed when there is a transfer of real property or one of the following types of personal property: 

« Buildings on leased land. 

« Leasehold improvements, as defined in MCL Section 211.8(h). 

« Leasehold estates, as defined in MCL Section 211.8(i) and (j). 

Transfer of ownership means the conveyance of title to or a present interest in property, including the beneficial use of the 

property. For complete descriptions of qualifying transfers, please refer to MCL Section 211.27a(6)(a-j). 

Excerpts from Michigan Compiled Laws (MCL), Chapter 211 

**Section 211.27a(7)(d): Beginning December 31, 2014, a transfer of that portion of residential real property that had been 

subject to a life estate or life lease retained by the transferor resulting from expiration or termination of that life estate or life 

lease, 

if the transferee is the transferor’s or transferor’s spouse's mother, father, brother, sister, son, daughter, adopted son, 

adopted daughter, grandson, or granddaughter and the residential real property is not used for any commercial purpose 

following the transfer. Upon request by the department of treasury or the assessor, the transferee shall furnish proof within 

30 days that the transferee meets the requirements of this subdivision. 

If a transferee fails to comply with a request by the 

department of treasury or assessor under this subdivision, that transferee is subject to a fine of $200.00. 

*Section 211.27a(7)(u): Beginning December 31, 2014, 

a transfer of residential 

real property 

if the transferee 

is the 

transferor’s or the transferor’s spouse’s mother, father, brother, sister, son, daughter, adopted son, adopted daughter, 

grandson, 

or granddaughter and the residential 

real property 

is not used for any commercial purpose following the 

conveyance. Upon request by the department of treasury or the assessor, the transferee shall furnish proof within 30 

days that the transferee meets the requirements of this subparagraph. If a transferee fails to comply with a request by the 

department of treasury or assessor under this subparagraph, that transferee is subject to a fine of $200.00. 

Section 211.27a(10): “... the buyer, grantee, or other transferee of the property shall notify the appropriate assessing office 

in the local unit of government in which the property is located of the transfer of ownership of the property within 45 days of 

the transfer of ownership, on a form prescribed by the state tax commission that states the parties to the transfer, the date 

of the transfer, the actual consideration for the transfer, and the property's parcel identification number or legal description.” 

Section 211.27(5): “Except as otherwise provided 

in subsection (6), the purchase price paid in a transfer of property 

is not the presumptive true cash value of the property transferred. 

In determining the true cash value of transferred 

property, an assessing officer shall assess that property using the same valuation method used to value 

all other 

property of that same classification in the assessing jurisdiction.” 

Penalties: 

Section 211.27b(1): 

“If the buyer, grantee, 

or other transferee 

in the immediately preceding transfer of ownership of 

property does not notify the appropriate assessing office as required by section 27a(10), the property's taxable value shall 

be adjusted under section 27a(3) and all of the following shall be levied: 

(a) Any additional taxes that would have been levied if the transfer of ownership had been recorded as required under this 

act from the date of transfer. 

(b) Interest and penalty from the date the tax would have been originally levied. 

(c) For property classified under section 34c as either industrial real property or commercial real property, a penalty in the 

following amount: 

(i) Except as otherwise provided in subparagraph (ii), 

if the sale price of the property transferred is $100,000,000.00 or

Page 11

Appeal can be made to the Michigan Tax Tribunal within 35 days of 

the notice from the Assessor. 

In addition, please complete the attached Property Transfer Affidavits 

for each property and return to the Elk Rapids Township Office.

Page 12

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