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27 chapters · 407 sections in this title.
Mich. Comp. Laws § 207.501 Real estate transfer tax; definitions.
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Sec. 1. As used in this act: (a) "Treasurer" means the county treasurer. (b) "Person" means every natural person, association or corporation. Whenever used in any penalty clause the term "person", as applied to associations, means the partners or members thereof, and as applied t…
Mich. Comp. Laws § 207.502 Instruments executed within state subject to tax.
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Sec. 2. (1) There is imposed, in addition to all other taxes, a tax upon the following written instruments executed within this state when said instrument is recorded. (a) Contracts for the sale or exchange of real estate or any interest therein or any combination of the foregoin…
Mich. Comp. Laws § 207.503 Instruments executed outside state subject to tax.
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Sec. 3. There is imposed, in addition to all other taxes, a tax upon all written instruments of the kinds described in section 2 executed without this state if the contract or transfer evidenced thereby concerns property wholly located within this state. Any such instrument shall…
Mich. Comp. Laws § 207.504 Rate of tax; statement on face of written instrument; affidavit.
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Sec. 4. The tax shall be at the rate of 55 cents in a county with a population of less than 2,000,000 and not more than 75 cents as authorized by the county board of commissioners in a county with a population of 2,000,000 or more for each $500.00 or fraction thereof of the total…