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For real estate whose transfer value is $100, or more, the
County Transfer Tax is equal to $.55 for each $500, or fraction thereof of
the sale price of the property. For example, the tax on a property whose
sale price was between $50,000.01 and $50,500 would be $55.55.
Exemptions to Real Estate Transfer Tax
**THE FOLLOWING LANGUAGE MUST BE USED ON THE DOCUMENT YOU ARE SUBMITTING
AND PLEASE INSERT THE APPROPRIATE SUB-SECTION IN PARENTHESIS.
**THIS INSTRUMENT IS EXEMPT FROM THE REAL ESTATE TRANSFER TAX BY VIRTUE
OF MCL 207.505 ( )
MCL 207.505 ()
Sec. 5. The following instruments and transfers shall be exempt from this
act:
- (a) Instruments where the value of the consideration is less than
$100.00.
- (b) Instruments evidencing contracts or transfers which are not to be
performed wholly within this state insofar as such instruments include
land lying outside of this state.
- (c) Written instruments which this state is prohibited from taxing
under the constitution or Statutes of the United States.
- (d) Instruments or writings given as security or any assignment or
discharge thereof.
- (e) Instruments evidencing leases, including oil and gas leases, or
transfers of such leasehold interests.
- (f) Instruments evidencing any interests which are assessable as
personal property.
- (g) Instruments evidencing the transfer of rights and interests for
underground gas storage purposes.
- (h) Instruments
- ( i) in which the grantor is the United States, the
state, any political subdivision or municipality thereof, or officer
thereof acting in his official capacity:
- ( ii) given in foreclosure or in lieu of foreclosure of
a loan made, guaranteed or insured by the United States, the state, any
political subdivision or municipality thereof or officer thereof acting in
his official capacity;
- ( iii) given to the United States, the state, or 1 of
their officers as grantee, pursuant to the terms or guarantee or insurance
of a loan guaranteed or insured by the grantee.
- (i) Conveyances from a husband or wife or husband and wife creating or
disjoining a tenancy by the entireties in the grantors or the grantor and
his or her spouse.
- (j) Judgments or orders of courts of record making or ordering
transfers, except where a specific monetary consideration is specified or
ordered by the court therefor.
- (k) Instruments used to straighten boundary lines where no monetary
consideration is given.
- (1) Instruments to confirm titles already vested in grantees, such as
quitclaim deeds to correct flaws in titles.
- (m) Land contracts whereby the legal title does not pass to the
grantee until the total consideration specified in the contract has been
paid.
- (n) Instruments evidencing the transfer of mineral rights and
interests.
- (o) Instruments creating a joint tenancy between 2 or more persons
where at least 1 of the persons already owned the property.
Return to Register of Deeds Office
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