For an ordinary taxable sale, Michigan state real estate transfer tax is $3.75 for each $500 of the property's value at the time of sale, or any part of $500. Saginaw County transfer tax is generally another 55 cents for each $500, or part. The seller is generally responsible under state law.
State and county exemptions are separate. Before you agree to sale terms, ask the title or closing professional to check the property's county, taxable value and any exemption for the actual transaction. The tax amount is not the same as an unpaid property-tax balance.
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 remain separate.