Real Estate Tax Affidavit for the United States

Real Estate Tax Affidavit Template for United States

A Real Estate Tax Affidavit is a legally binding document used in United States property transactions to declare the true value of real estate being transferred and confirm various tax-related matters. This document serves as an official statement regarding property taxes, purchase price, and any applicable exemptions. It is typically required by county or state authorities for property transfers and helps prevent tax fraud while ensuring accurate property tax assessment.

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What is a Real Estate Tax Affidavit?

The Real Estate Tax Affidavit is a crucial document in U.S. property transactions, required by most state and local jurisdictions during property transfers. It serves multiple purposes: verifying the actual purchase price, confirming current tax status, declaring any exemptions, and ensuring compliance with local tax laws. This document must be completed accurately and truthfully, as it becomes part of the public record and is used by tax assessors to determine property tax obligations. The affidavit helps prevent tax fraud and ensures proper recording of property transfers.

What sections should be included in a Real Estate Tax Affidavit?

1. Property Identification: Detailed description of the subject property including address and legal description

2. Declarant Information: Identity and contact information of person making the affidavit

3. Purchase Price Declaration: Statement of actual purchase price or consideration paid

4. Tax Status Declaration: Current tax status and any outstanding obligations

5. Verification Statement: Sworn statement confirming accuracy of information

What sections are optional to include in a Real Estate Tax Affidavit?

1. Special Exemptions: Declaration of any applicable tax exemptions when property qualifies for specific tax benefits

2. Prior Assessment History: Historical property tax assessment information when relevant to current valuation or disputes

3. Foreign Person Status: FIRPTA-related declarations when seller is or might be a foreign person

What schedules should be included in a Real Estate Tax Affidavit?

1. Property Tax Bills: Copies of recent property tax bills

2. Assessment Records: Official property assessment documentation

3. Supporting Documentation: Additional documents supporting claimed exemptions or special status

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

United States

Publisher

Genie AI

Document Type

Affidavit

Cost

Free to use

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