HB 5665 Summary

• Amends Michigan's General Property Tax Act to impose confidentiality requirements on transfer of ownership affidavits filed with local tax collecting units.

• Requires transfer of ownership forms filed in local assessing offices to be confidential and only available to the county tax or equalization department, not the public.

• Maintains existing property assessment rules including the 50% of true cash value assessment standard and taxable value limitations tied to inflation rates and property transfers since 1995.

• Applies confidentiality restrictions only to real property transfers; excludes personal property except for buildings and specific enumerated personal property categories.