Transfer Of TitleTaxes
Transfer Of Title Practice Question
Michigan's transfer tax rate is:
A
$3.75 per $500 of value (state) plus county portionB
1% of sale priceC
No transfer taxD
$1.00 per $1,000Explanation
Michigan's state transfer tax is $3.75 per $500 of value, plus counties may impose an additional $0.55 per $500.
More Transfer Of Title Questions
Practice More Questions
Access 2,000+ practice questions and pass your real estate exam.
Get Started Free