Property tax: payment and collection; penalties for failure to file a property tax transfer affidavit; modify. Amends sec. 27b of 1893 PA 206 (MCL 211.27b).

This bill modifies Michigan's property tax laws to impose stricter penalties and collection procedures when property owners fail to file a transfer affidavit within 45 days of selling or buying a property. If a buyer or seller does not notify the assessing office of a change in ownership, the property's taxable value will be adjusted retroactively to the date of the transfer, triggering additional taxes, interest, and daily fines based on the property type and sale price. The bill outlines specific fine amounts, such as $20 per day for large commercial or industrial properties and $5 per day for other properties, while also allowing local officials to waive these penalties in cases of reasonable cause. Furthermore, it clarifies that these penalties become the personal liability of the individual who failed to file the notice if the property is sold again before the debt is paid, and it establishes a 35-day window for owners to appeal the resulting tax increases.