Transfer Of TitleTaxes

Transfer Of Title Practice Question

Michigan's transfer tax rate is:
A
$3.75 per $500 of value (state) plus county portion
B
1% of sale price
C
No transfer tax
D
$1.00 per $1,000
Explanation

Michigan's state transfer tax is $3.75 per $500 of value, plus counties may impose an additional $0.55 per $500.

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