Michigan Form L 4258 PDF Details

When it comes to property transactions in Michigan, the L-4258 form, issued by the Michigan Department of Treasury, stands as a crucial document, notably under the provisions of the Public Acts 134 of 1966 and 330 of 1993, as amended. Its primary role is to facilitate the valuation for the real estate transfer tax in instances where the sale price isn't disclosed on the deed. The obligation to complete and sign this form falls either on the seller or an authorized agent, which underscores its significance in the property transfer process. Key details captured include the county and city or township where the property is located, names and mailing addresses of both the seller and the purchaser, type and date of the transaction document, cash payment amount, mortgage or land contract amount, total consideration, and applicable county and state taxes. Moreover, it demands a declaration of the market value if the consideration is found to be lower than this value. The form also requires the seller's certification of the accuracy of the information provided, with an accompanying notarization to attest to its validity. Notably, this form exemplifies the intricate processes involved in real estate transactions, ensuring compliance with state tax laws and providing a transparent account of property values for both public and governmental scrutiny.

QuestionAnswer
Form NameMichigan Form L 4258
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other names1993, Michigan, VALUATION, michigan real estate transfer tax valuation affidavit

Form Preview Example

Michigan Department of Treasury

L-4258 (Rev. 3/95)

REAL ESTATE TRANSFER TAX VALUATION AFFIDAVIT

This form is issued under authority of P.A. 134 of 1966 and 330 of 1993 as amended.

This form must be filed when you choose not to enter the amount paid for real estate on the deed. It is not necessary when the amount paid is entered on the deed. This form must be completed and signed by either the seller or his/her authorized agent.

1. County of Property

3. Seller's Name and Mailing Address

2. City or Township of Property

4. Purchaser's Name and Mailing Address

5. Type and Date of Document

Land Contract

Date:

DeedDate:

10. If consideration is less than market value, state market value.

6. Cash Payment

$

8. Amount of Mortgage/Land Contract

$

11. Total Consideration (Add lines 6&8)

7.Amount of County Tax

9.Amount of State Tax

12. Total Revenue Stamps

13. Legal Description of Real Estate Transferred

I certify that the information above is true and complete to the best of my knowledge.

Seller's Signature

If signer is other than the seller, print name and title.

NOTARIZATION

Subscribed and sworn to me:

Notary Public

State of Michigan; County of:

on this date

My commission expires on:

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Stage no. 1 for filling in 1993

2. Once the previous part is done, it's time to include the essential details in Sellers Signature, If signer is other than the seller, Notarization, Subscribed and sworn to me, Notary Public State of Michigan, on this date, and My commission expires on allowing you to progress to the third part.

Part # 2 for submitting 1993

Always be really careful while completing Sellers Signature and Notary Public State of Michigan, because this is the section where many people make a few mistakes.

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