When ownership is transferred on a property, the valuation is “uncapped”. The SEV is the new starting point for a buyer and the capping process starts all over again on the property until another transfer of ownership occurs. Beginning December 31, 2013 (PA 497 of 2012), the transfer of residential real property (homestead or non-homestead) is exempt from uncapping if the transferor by blood or affinity to the first degree and the use of the property does not change following the transfer of ownership. A change in use would be from principal residence to rental, which would not be exempt from uncapping due to a transfer. Affinity to the first degree includes the following relationships: spouse, father or mother, father or mother of spouse, son or daughter, including adopted children, son or daughter of spouse, and stepchildren, stepmother or stepfather.