Michigan Real Estate Transfer Taxes

A written instrument subject to the tax imposed by MCL 207.505 Section 5 and MCL 207.526 Section 6 shall state on its face the TOTAL CONSIDERATION of the real property.

(See above named acts for details.)

Transfer tax imposed by each act shall be collected unless said instrument of the transfer is exempt from either or both acts and such exemptions are stated on the face of the deed. The tax shall be upon the person who is the seller or the grantor.

In case of an exchange of two properties, the deeds transferring title to each are subject to tax, and in each case, shall be computed on the basis of the actual value of the property conveyed.

Conveyances affecting property situated in more than one county must state the portion of the sale price attributable to each parcel lying in the separate counties and transfer tax must be paid to each county for that portion of the sale price.

Documentary stamps shall be purchased only in the county in which the property is located.

No fee is charged for filing the "Real Estate Transfer Valuation Affidavit", but the instrument must state that a Real Estate Transfer Valuation Affidavit is being filed.

This tax is paid to the Leelanau County Register of Deeds.

An instrument of foreclosure is subject to County transfer tax based on the sale price stated on the face of the instrument.

A conveyance of an easement or a right of way is subject to transfer tax.

This page last updated on 3/18/2014.