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Transfer Tax
State and/or County Transfer Tax must be collected when recording a transfer of real estate. This tax is based on the selling price (consideration) stated on the document. There are circumstances when the transfer may be exempt from either one or both, in which case the exemption must be stated on the face of the document, along with the specific MCL number and paragraph. Below are the State and County Real Estate Transfrer Tax Exemptions and the transfer tax fees.
If you with to keep the selling price (consideration) confidential by not stating it on the document, then you must complete the Real Estate Transfer Tax Valuation Affidavit. This affidavit must accompany the document at the time of recording.
County Real Estate Transfer Tax Exemptions - Transfer of real property that is exempt from County Real Estate Transfer Tax
Real Estate Transfer Tax Valuation Affidavit - When the selling price (consideration) is not stated on the face of the document and there are no State or County exemptions stated, then this form must be completed and accompany the document for recording.
State Real Estate Transfer Tax Exemptions - Transfer of real property that is exempt from State Real Estate Transfer Tax
Transfer Tax Fees - Transfer Tax fees itemized by County, State and the combined total
State and/or County Transfer Tax must be collected when recording a transfer of real estate. This tax is based on the selling price (consideration) stated on the document. There are circumstances when the transfer may be exempt from either one or both, in which case the exemption must be stated on the face of the document, along with the specific MCL number and paragraph. Below are the State and County Real Estate Transfrer Tax Exemptions and the transfer tax fees.
If you with to keep the selling price (consideration) confidential by not stating it on the document, then you must complete the Real Estate Transfer Tax Valuation Affidavit. This affidavit must accompany the document at the time of recording.
County Real Estate Transfer Tax Exemptions - Transfer of real property that is exempt from County Real Estate Transfer Tax
Real Estate Transfer Tax Valuation Affidavit - When the selling price (consideration) is not stated on the face of the document and there are no State or County exemptions stated, then this form must be completed and accompany the document for recording.
State Real Estate Transfer Tax Exemptions - Transfer of real property that is exempt from State Real Estate Transfer Tax
Transfer Tax Fees - Transfer Tax fees itemized by County, State and the combined total