For an ordinary taxable sale, Michigan’s state real estate transfer tax is $3.75 for each $500 of the property’s value at the time of sale, or part of $500. The county tax is generally another 55 cents for each $500, or part. State and county exemptions are separate, so the property’s county, sale value, and any exemption need to be checked for the actual sale.
Ask the title or closing professional to confirm the transaction-specific figures and any exemption. When you sell to us, we pay the closing costs, including Michigan state and county real estate transfer taxes. Your mortgage balance, liens, back taxes, and share of current property taxes are separate.