TRANSFER TAX EXEMPTIONS
|TRANSFE| | | | | |
|R TAX | | | | | |
|EXEMPTI| | | | | |
|ONS | | | | | |
|COUNTY | | |STATE | | |
|Exempt | | |Exempt| | |
|under | | |under | | |
|MCL | | |MCL | | |
|207.505| | |207.52| | |
|( )| | |6 ( | | |
|Or MSA | | |) | | |
|7.456 | | |Or MSA| | |
|(5) ( | | |7.456 | | |
|) | | |(26) (| | |
| | | |) | | |
| | | | | | |
|(a) |Instru| |(a) |A | |
| |ments | | |writte| |
| |with | | |n | |
| |consid| | |instru| |
| |eratio| | |ment | |
| |n of | | |in | |
| |less | | |which | |
| |than | | |the | |
| |$100.0| | |value | |
| |0. | | |of the| |
| | | | |consid| |
| | | | |eratio| |
| | | | |n | |
| | | | |is | |
| | | | |less | |
| | | | |than | |
| | | | |$100.0| |
| | | | |0. | |
| | | | | | |
|(b) |Instru| |(b) |A | |
| |ments | | |writte| |
| |eviden| | |n | |
| |cing | | |instru| |
| |contra| | |ment | |
| |cts or| | |eviden| |
| |transf| | |cing a| |
| |ers | | |contra| |
| |which | | |ct or | |
| |are | | |transf| |
| |not to| | |er | |
| |be | | |that | |
| |perfor| | |is | |
| |med | | |not to| |
| |wholly| | |be | |
| |within| | |perfor| |
| |this | | |med | |
| |state | | |wholly| |
| |insofa| | |within| |
| |r as | | |this | |
| |such | | |state | |
| |instru| | |only | |
| |ments | | |to the| |
| |includ| | |extent| |
| |e land| | |the | |
| |lying | | |writte| |
| |outsid| | |n | |
| |e of | | |instru| |
| |this | | |ment | |
| |state.| | |includ| |
| | | | |es | |
| | | | |land | |
| | | | |lying | |
| | | | |outsid| |
| | | | |e this| |
| | | | |state.| |
| | | | | | |
|(c) |Writte| |(c) |A | |
| |n | | |writte| |
| |instru| | |n | |
| |ments | | |instru| |
| |which | | |ment | |
| |this | | |that | |
| |state | | |this | |
| |is | | |state | |
| |prohib| | |is | |
| |ited | | |prohib| |
| |from | | |ited | |
| |taxing| | |from | |
| |under | | |taxing| |
| |the | | |under | |
| |consti| | |the | |
| |tution| | |United| |
| |or | | |States| |
| |statut| | |consti| |
| |es of | | |tution| |
| |the | | |or | |
| |United| | |federa| |
| |States| | |l | |
| |. | | |statut| |
| | | | |es. | |
| | | | | | |
|(d) |Instru| |(d) |A | |
| |ments | | |writte| |
| |or | | |n | |
| |writin| | |instru| |
| |gs | | |ment | |
| |given | | |given | |
| |as | | |as | |
| |securi| | |securi| |
| |ty or | | |ty or | |
| |any | | |an | |
| |assign| | |assign| |
| |ment | | |ment | |
| |or | | |or | |
| |discha| | |discha| |
| |rge | | |rge of| |
| |thereo| | |the | |
| |f. | | |securi| |
| | | | |ty | |
| | | | |intere| |
| | | | |st. | |
| | | | | | |
|(e) |Instru| |(e) |A | |
| |ments | | |writte| |
| |eviden| | |n | |
| |cing | | |instru| |
| |leases| | |ment | |
| |, | | |eviden| |
| |includ| | |cing a| |
| |ing | | |lease,| |
| |oil | | |includ| |
| |and | | |ing an| |
| |gas | | |oil | |
| |leases| | |and | |
| |, | | |gas | |
| |or | | |lease,| |
| |transf| | |or a | |
| |ers of| | |transf| |
| |such | | |er of | |
| |leaseh| | |a | |
| |old | | |leaseh| |
| |intere| | |old | |
| |sts. | | |intere| |
| | | | |st. | |
| | | | | | |
|(f) |Instru| |(f) |A | |
| |ments | | |writte| |
| |eviden| | |n | |
| |cing | | |instru| |
| |any | | |ment | |
| |instru| | |eviden| |
| |ments | | |cing | |
| |which | | |an | |
| |are | | |intere| |
| |assess| | |st | |
| |able | | |that | |
| |as | | |is | |
| |person| | |assess| |
| |al | | |able | |
| |proper| | |as | |
| |ty. | | |person| |
| | | | |al | |
| | | | |proper| |
| | | | |ty. | |
| | | | | | |
|(g) |Instru| |(g) |A | |
| |ments | | |writte| |
| |eviden| | |n | |
| |cing | | |instru| |
| |the | | |ment | |
| |transf| | |eviden| |
| |er or | | |cing | |
| |rights| | |the | |
| |and | | |transf| |
| |intere| | |er of | |
| |sts | | |a | |
| |for | | |right | |
| |underg| | |and | |
| |round | | |intere| |
| |gas | | |st for| |
| |shorta| | |underg| |
| |ge | | |round | |
| |purpos| | |gas | |
| |es. | | |storag| |
| | | | |e | |
| | | | |purpos| |
| | | | |es. | |
| | | | | | |
|(h) |Instru| |(h) |Any of| |
| |ments | | |the | |
| | | | |follow| |
| | | | |ing | |
| | | | |writte| |
| | | | |n | |
| | | | |instru| |
| | | | |ments:| |
| | | | | | |
| |(I) |in which the grantor is the United States, the state, | |(I) |A written instrument in which the grantor is the United States, |
| | |any political subdivision or municipality thereof, or officer | | |a political subdivision or municipality of this state, or an |
| | |thereof acting in his or her official capacity. | | |officer |
| | | | | |of the United States or of this state, or a political subdivision |
| | | | | |or |
| | | | | |municipality of this state acting in his or her official capacity.|
| | | | | | |
| |(ii) |given in foreclosure or in lieu of foreclosure of a loan made, | |(ii) |A written instrument given in foreclosure or in lieu of |
| | |guaranteed or insured by the United States, the state, | | |foreclosure of a loan made, guaranteed, or insured by the |
| | |political subdivision or municipality thereof or officer | | |United States, this state, a political subdivision or municipality|
| | |acting in his or her official capacity. | | |of this state, or an officer of the United States or this state, |
| | | | | |or a |
| | | | | |political subdivision or municipality of this state acting |
| | | | | |in his or her own official capacity. |
| | | | | | |
| |(iii) |given to the United States, the state, or one of their | |(iii) |A written instrument given to the United States, this state |
| | |officers as grantee, pursuant to the terms of guarantee or | | |or one of their officers acting in an official capacity as |
| | |insurance of a loan guaranteed or insured by the grantee. | | |grantee, pursuant to the terms or guarantee or insurance of a |
| | | | | |loan guaranteed or insured by the grantee. |
| | | | | | |
|(I) |Convey| |(I) |A | |
| |ances | | |convey| |
| |from a| | |ance | |
| |husban| | |from a| |
| |d or | | |husban| |
| |wife | | |d or | |
| |or | | |wife | |
| |husban| | |or | |
| |d and | | |husban| |
| |wife | | |d and | |
| |creati| | |wife | |
| |ng or | | |creati| |
| |disjoi| | |ng or | |
| |ning a| | |disjoi| |
| |tenanc| | |ning a| |
| |y by | | |tenanc| |
| |the | | |y by | |
| |entire| | |entire| |
| |ties | | |ties | |
| |in the| | |in the| |
| |granto| | |granto| |
| |rs or | | |rs | |
| |the | | |or the| |
| |granto| | |granto| |
| |r and | | |r and | |
| |his or| | |his or| |
| |her | | |her | |
| |spouse| | |spouse| |
| |. | | |. | |
| | | | | | |
|(j) |Judgme| |(j) |A | |
| |nts or| | |convey| |
| |orders| | |ance | |
| |of | | |from a| |
| |courts| | |mother| |
| |of | | |or | |
| |record| | |father| |
| |making| | |to a | |
| |or | | |son or| |
| |orderi| | |daught| |
| |ng | | |er | |
| |transf| | |or | |
| |ers, | | |stepch| |
| |except| | |ild or| |
| |where | | |adopte| |
| |a | | |d | |
| |specif| | |child.| |
| |ic | | | | |
| |moneta| | | | |
| |ry | | | | |
| |consid| | | | |
| |eratio| | | | |
| |n is | | | | |
| |specif| | | | |
| |ied or| | | | |
| |ordere| | | | |
| |d by | | | | |
| |the | | | | |
| |court | | | | |
| |theref| | | | |
| |ore. | | | | |
| | | | | | |
|(k) |Instru| |(k) |A | |
| |ments | | |convey| |
| |used | | |ance | |
| |to | | |from a| |
| |straig| | |grandm| |
| |hten | | |other | |
| |bounda| | |or | |
| |ry | | |grandf| |
| |lines | | |ather | |
| |where | | |to a | |
| |no | | |grandc| |
| |moneta| | |hild | |
| |ry | | |or | |
| |consid| | |step-g| |
| |eratio| | |randch| |
| |n is | | |ild or| |
| |given.| | |adopte| |
| | | | |d | |
| | | | |grandc| |
| | | | |hild. | |
| | | | | | |
|(l) |Instru| |(l) |A | |
| |ments | | |judgme| |
| |to | | |nt or | |
| |confir| | |order | |
| |m | | |of a | |
| |titles| | |court | |
| |alread| | |of | |
| |y | | |record| |
| |vested| | |making| |
| |in | | |or | |
| |grante| | |orderi| |
| |es, | | |ng | |
| |such | | |a | |
| |as | | |transf| |
| |quitcl| | |er, | |
| |aim | | |unless| |
| |deeds | | |a | |
| |to | | |specif| |
| |correc| | |ic | |
| |t | | |moneta| |
| |flaws | | |ry | |
| |in | | |consid| |
| |titles| | |eratio| |
| |. | | |n is | |
| | | | |specif| |
| | | | |ied or| |
| | | | |ordere| |
| | | | |d by | |
| | | | |the | |
| | | | |court | |
| | | | |for | |
| | | | |the | |
| | | | |transf| |
| | | | |er. | |
| | | | | | |
|(m) |Land | |(m) |A | |
| |contra| | |writte| |
| |cts | | |n | |
| |whereb| | |instru| |
| |y the | | |ment | |
| |legal | | |used | |
| |titles| | |to | |
| |does | | |straig| |
| |not | | |hten | |
| |pass | | |bounda| |
| |to the| | |ry | |
| |grante| | |lines | |
| |e | | |if no | |
| |until | | |moneta| |
| |the | | |ry | |
| |total | | |consid| |
| |consid| | |eratio| |
| |eratio| | |n is | |
| |n | | |given.| |
| |specif| | | | |
| |ied | | | | |
| |in the| | | | |
| |contra| | | | |
| |ct has| | | | |
| |been | | | | |
| |paid. | | | | |
| | | | | | |
|(n) |Instru| |(n) |A | |
| |ments | | |writte| |
| |eviden| | |n | |
| |cing | | |instru| |
| |the | | |ment | |
| |transf| | |to | |
| |er of | | |confir| |
| |minera| | |m | |
| |l | | |title | |
| |rights| | |alread| |
| |and | | |y | |
| |intere| | |vested| |
| |sts. | | |in a | |
| | | | |grante| |
| | | | |e, | |
| | | | |includ| |
| | | | |ing a | |
| | | | |quitcl| |
| | | | |aim | |
| | | | |deed | |
| | | | |to | |
| | | | |correc| |
| | | | |t a | |
| | | | |flaw | |
| | | | |in | |
| | | | |title.| |
| | | | | | |
|(o) |Instru| |(o) |A land| |
| |ments | | |contra| |
| |creati| | |ct in | |
| |ng a | | |which | |
| |joint | | |the | |
| |tenanc| | |legal | |
| |y | | |title | |
| |betwee| | |does | |
| |n two | | |not | |
| |or | | |pass | |
| |more | | |to the| |
| |people| | |grante| |
| |where | | |e | |
| |at | | |until | |
| |least | | |the | |
| |one of| | |total | |
| |the | | |consid| |
| |person| | |eratio| |
| |s | | |n | |
| |alread| | |specif| |
| |y | | |ied in| |
| |owns | | |the | |
| |the | | |contra| |
| |proper| | |ct | |
| |ty. | | |has | |
| | | | |been | |
| | | | |paid. | |
| | | | |STATE | |
| | | | |Exempt| |
| | | | |under | |
| | | | |MCL | |
| | | | |207.52| |
| | | | |6 ( | |
| | | | |) | |
| | | | |Or MSA| |
| | | | |7.456 | |
| | | | |(26) (| |
| | | | |) | |
| | | | | | |
| | | |(p) |A | |
| | | | |writte| |
| | | | |n | |
| | | | |instru| |
| | | | |ment | |
| | | | |eviden| |
| | | | |cing | |
| | | | |the | |
| | | | |transf| |
| | | | |er of | |
| | | | |minera| |
| | | | |l | |
| | | | |rights| |
| | | | |and | |
| | | | |intere| |
| | | | |sts. | |
| | | | | | |
| | | |(q) |A | |
| | | | |writte| |
| | | | |n | |
| | | | |instru| |
| | | | |ment | |
| | | | |creati| |
| | | | |ng a | |
| | | | |joint | |
| | | | |tenanc| |
| | | | |y | |
| | | | |betwee| |
| | | | |n two | |
| | | | |or | |
| | | | |more | |
| | | | |person| |
| | | | |s if | |
| | | | |at | |
| | | | |least | |
| | | | |one of| |
| | | | |the | |
| | | | |person| |
| | | | |s | |
| | | | |alread| |
| | | | |y owns| |
| | | | |the | |
| | | | |proper| |
| | | | |ty. | |
| | | | | | |
| | | |(r) |A | |
| | | | |transf| |
| | | | |er | |
| | | | |made | |
| | | | |pursua| |
| | | | |nt to | |
| | | | |a bona| |
| | | | |fide | |
| | | | |sales | |
| | | | |agreem| |
| | | | |ent | |
| | | | |made | |
| | | | |before| |
| | | | |the | |
| | | | |date | |
| | | | |the | |
| | | | |tax is| |
| | | | |impose| |
| | | | |d, if | |
| | | | |the | |
| | | | |sales | |
| | | | |agreem| |
| | | | |ent | |
| | | | |cannot| |
| | | | |be | |
| | | | |withdr| |
| | | | |awn or| |
| | | | |altere| |
| | | | |d, or | |
| | | | |contai| |
| | | | |ns a | |
| | | | |fixed | |
| | | | |price | |
| | | | |not | |
| | | | |subjec| |
| | | | |t to | |
| | | | |change| |
| | | | |or | |
| | | | |modifi| |
| | | | |cation| |
| | | | |. | |
| | | | |Howeve| |
| | | | |r, a | |
| | | | |sales | |
| | | | |agreem| |
| | | | |ent | |
| | | | |for | |
| | | | |reside| |
| | | | |ntial | |
| | | | |constr| |
| | | | |uction| |
| | | | |may be| |
| | | | |adjust| |
| | | | |ed up | |
| | | | |to 15%| |
| | | | |to | |
| | | | |reflec| |
| | | | |t | |
| | | | |change| |
| | | | |s in | |
| | | | |constr| |
| | | | |uction| |
| | | | |specif| |
| | | | |icatio| |
| | | | |n. | |
| | | | | | |
| | | |(s) |A | |
| | | | |writte| |
| | | | |n | |
| | | | |instru| |
| | | | |ment | |
| | | | |eviden| |
| | | | |cing a| |
| | | | |contra| |
| | | | |ct or | |
| | | | |transf| |
| | | | |er of | |
| | | | |proper| |
| | | | |ty | |
| | | | |to a | |
| | | | |person| |
| | | | |suffic| |
| | | | |iently| |
| | | | |relate| |
| | | | |d to | |
| | | | |the | |
| | | | |transf| |
| | | | |eror | |
| | | | |to be | |
| | | | |consid| |
| | | | |ered a| |
| | | | |single| |
| | | | |employ| |
| | | | |er | |
| | | | |with | |
| | | | |the | |
| | | | |transf| |
| | | | |eror | |
| | | | |under | |
| | | | |sectio| |
| | | | |n 414 | |
| | | | |(b) or| |
| | | | |(c) of| |
| | | | |the | |
| | | | |intern| |
| | | | |al | |
| | | | |revenu| |
| | | | |e code| |
| | | | |of | |
| | | | |1988, | |
| | | | |as | |
| | | | |amende| |
| | | | |d. | |
| | | | | | |
| | | |(t) |A | |
| | | | |writte| |
| | | | |n | |
| | | | |instru| |
| | | | |ment | |
| | | | |convey| |
| | | | |ing an| |
| | | | |intere| |
| | | | |st in | |
| | | | |homest| |
| | | | |ead | |
| | | | |proper| |
| | | | |ty | |
| | | | |for | |
| | | | |which | |
| | | | |a | |
| | | | |homest| |
| | | | |ead | |
| | | | |exempt| |
| | | | |ion is| |
| | | | |claime| |
| | | | |d | |
| | | | |under | |
| | | | |either| |
| | | | |the | |
| | | | |school| |
| | | | |code | |
| | | | |of | |
| | | | |1976, | |
| | | | |Act | |
| | | | |No. | |
| | | | |451 of| |
| | | | |the | |
| | | | |Public| |
| | | | |Acts | |
| | | | |of | |
| | | | |1976, | |
| | | | |being | |
| | | | |sectio| |
| | | | |ns | |
| | | | |380.1 | |
| | | | |to | |
| | | | |380.18| |
| | | | |52 of | |
| | | | |the | |
| | | | |Michig| |
| | | | |an | |
| | | | |Compil| |
| | | | |ed | |
| | | | |Laws | |
| | | | |or the| |
| | | | |state | |
| | | | |educat| |
| | | | |ion | |
| | | | |tax | |
| | | | |act, | |
| | | | |Act | |
| | | | |No. | |
| | | | |331 of| |
| | | | |the | |
| | | | |Public| |
| | | | |Acts | |
| | | | |of | |
| | | | |1993, | |
| | | | |being | |
| | | | |sectio| |
| | | | |ns | |
| | | | |211.90| |
| | | | |1 to | |
| | | | |211.90| |
| | | | |5 of | |
| | | | |the | |
| | | | |Michig| |
| | | | |an | |
| | | | |Compil| |
| | | | |ed | |
| | | | |Laws, | |
| | | | |if the| |
| | | | |state | |
| | | | |equali| |
| | | | |zed | |
| | | | |valuat| |
| | | | |ion of| |
| | | | |that | |
| | | | |homest| |
| | | | |ead | |
| | | | |proper| |
| | | | |ty | |
| | | | |is | |
| | | | |equal | |
| | | | |to or | |
| | | | |lesser| |
| | | | |than | |
| | | | |the | |
| | | | |state | |
| | | | |equali| |
| | | | |zed | |
| | | | |valuat| |
| | | | |ion on| |
| | | | |the | |
| | | | |date | |
| | | | |of | |
| | | | |purcha| |
| | | | |se or | |
| | | | |on the| |
| | | | |date | |
| | | | |of | |
| | | | |acquis| |
| | | | |ition | |
| | | | |by the| |
| | | | |seller| |
| | | | |or | |
| | | | |transf| |
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