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What is a property transfer affidavit or PTA?

April 26, 2017Affidavit Property PTA transfer

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What is a property transfer affidavit or PTA?

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Changes in state law after Proposal A of 1994 created the property transfer affidavit. An affidavit must be filed whenever title of real estate or buildings on leased land is transferred. It must be filed even if you are not recording a deed. Filing with the local assessor is mandatory.