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  • State Of Michigan Forms 2796

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Partment of Treasury by filing this form and submitting documentary evidence to support the refund request. This form must be filed within four years and 15 days from the date of sale or transfer of the property. Type or print in blue or black ink. PART 1: IDENTIFICATION Name(s) of ALL Seller(s) - (refund check will be made payable to ALL seller(s) as listed on the recorded deed) Social Security or Federal ID Number(s) of ALL Seller(s) Address where refund check is to be mailed City and State.

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MICHIGAN REAL ESTATE TRANSFER TAX The tax shall be upon the person who is the seller or the grantor. In the 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.

The process for transferring Michigan real estate usually involves four steps: Find the most recent deed to the property. ... Create the new deed. ... Sign and notarize the deed. ... File the deed in the county land records.

In addition, current year commonly used forms will continue to be available at Michigan Department of Treasury offices, most public libraries, Northern Michigan post offices, and Michigan Department of Health and Human Services (MDHHS) county offices.

Sellers are typically responsible for covering the real estate transfer tax in Michigan, which includes a state tax of $3.75 for every $500 of value and an additional county tax of $0.55 for every $500 of value.

The home seller typically pays the real estate transfer taxes. The state tax is calculated at $3.75 for every $500 of value transferred and the county tax is calculated at $0.55 for every $500 of value transferred.

How Much Are Transfer Taxes in Michigan? The state transfer tax rate in Michigan is $3.75 for every $500 of property value, or 0.75% of the transferred property's value. In addition to the state tax, each individual county levies an additional transfer tax of $0.55 per $500.

This form must be filed when there is a transfer of real property or one of the following types of personal property: • Buildings on leased land. Leasehold improvements, as defined in MCL Section 211.8(h). Leasehold estates, as defined in MCL Section 211.8(i) and (j).

Property transfer tax is an assessment charged by both the State of Michigan and the individual county. When you transfer real estate, they charge a fee as a percentage of the sales price. The seller is responsible for this fee unless it is otherwise agreed to be paid by the buyer.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232