MI HB4930

Amends Michigan's property tax assessment law (MCL 211.27a) to exclude certain property transfers from triggering a reassessment at current market value.

Excludes transfers of residential real property between family members (parents, siblings, children, grandchildren, adopted children) effective December 31, 2014, if the property is not used for commercial purposes.

Excludes transfers of residential real property from trusts to qualifying family members, and excludes changes in trust beneficiaries involving qualifying family members, with the same restrictions on commercial use.

Excludes transfers of residential real property where the transferee is a first-degree relative and use does not change (effective December 31, 2013 through December 30, 2014 only).

Requires transferees to furnish proof within 30 days upon request by the Department of Treasury or assessor that they meet family relationship requirements, with a $200 fine for non-compliance.