Michigan transfer tax calculator
Michigan charges a state and a county tax when a deed is recorded, and the seller pays both at closing. Enter a sale price to see what they come to.
- State tax
- $2,625
- County tax
- $385
- Total at closing
- $3,010
Taxed on 700 units of $500: $3.75 each for the state and $0.55 each for the county.
Before you rely on it
This is the tax before any exemption. The most common one: if the home was your principal residence and its state equalized value when you sell is equal to or lower than when you bought, the state tax may not apply (MCL 207.526(u)). Your title company confirms the final figures.
The transfer tax is one of several seller costs. Commission is set in your listing agreement and is negotiable, and Raven charges a $395 transaction fee. Our fees, in plain words.
How Michigan's transfer tax works, with the statutes and the exemptions.
General information, not legal or tax advice.