Michigan Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in Michigan estimate their transfer taxes. To get a ballpark idea of the transfer tax fee you might pay in the Great Lakes State, enter your home’s estimated selling price above.
Need an estimated selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top Michigan real estate agent and request a Comparative Market Analysis that will compare your home against nearby listed and recently sold properties.
How the Michigan Transfer Tax is Calculated
Michigan’s transfer tax has two components: a state transfer tax and a county transfer tax. The state transfer tax rate is $3.75 for every $500 of the property’s value, and the county transfer tax rate is $0.55 per $500.
For example, if you sold your home for $250,000 (Michigan’s approximate median home price), you could expect to pay a combined rate of $4.30 for every $500 of your home’s selling price, which comes to $2,150.
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