Real Estate Transfer Tax "Controlling interest" transfer tax - Certain states have adopted statutes that apply real estate transfer taxes to transfers of interests in entities that own real estate. Sec. In California, the seller traditionally pays the transfer tax, thus the seller usually pays the Los Angeles County transfer tax. In the case of an exchange of two properties, the deeds transferring title to each are subject to Michigan Real Estate Transfer tax, and in each case shall be computed on the basis of the actual value of the property conveyed. Estimates are not guaranteed and may be different based on your individual situation. An instrument of foreclosure is subject to county transfer tax based on the sale price stated on the face of the instrument. We hire only the best licensed loan officers to serve our clients and take pride in our superb customer service. If the value of the real estate transferred is $100 or more, payment of State and County transfer tax is required. (i) A conveyance from a husband or wife or husband and wife creating or disjoining a tenancy by the entireties in the grantors or the grantor and his or her spouse. File, pay and manage your tax accounts online - anytime, anywhere. Transfer Tax on Total Consideration. Transfer tax must be paid at the time of recording for all documents which transfer an interest in property unless a proper exemption is noted. Homer is their son, an exempt relationship, but Shirley is not an exempt . Automated document assembly software is copyright 2023 lexVentures LLC. A conveyance of an easement or a right of way is subject to transfer tax. It is not a Michigan Department of Treasury tax bill. Computing real estate transfer tax is done in increments of $500. Whether you're buying or selling, finding a top-notch real estate is one of the most important pieces of the puzzle. 2023 Riverbank Finance LLC, All rights reserved. In accordance with the Michigan Constitution as amended by Michigan statutes, a transfer of ownership causes the taxable value of the transferred property to be uncapped Learn more. This means that a tax may be owed at the county level even though the transfer is exempt at the state level. Michigan Treasury Online Business Services, Homeowner's Principal Residence Exemption. . How Much Are Transfer Taxes in Michigan? This marginal . tax on the title transfer will be based on 25 percent of the vehicle's retail market value. Any exemptions to the above named acts must be stated on the face of the instrument presented for recording. Before getting into the gist of the opinion, let's review a little history. MI Earned Income Tax Credit, Retirement Tax, and Inflation Relief Initiatives, Collections/Audits/Appeals collapsed link, Notice IIT Return Treatment of Unemployment Compensation, https://dev.michigan.local/som/json?sc_device=json, About the Streamlined Sales and Use Tax Project, Sales, Use, and Withholding Tax Payment Options, Go to Notice IIT Return Treatment of Unemployment Compensation, Taxpayer Rights, Rules, and Responsibilities, Go to Property Tax Forfeiture and Foreclosure, Homestead Property Tax Credit Information, Emergency Assistance for Energy Draft Recipients, Application for State Real Estate Transfer Tax (SRETT) Refund, Authorized Representative Declaration: Form 151. This property is currently available for sale and was listed by Northern Michigan MLS on Feb 28, 2023. The state tax is calculated at $3.75 for every $500 of value transferred and the county tax is calculated at $0.55 for every $500 of value transferred. This property is not currently available for sale. The first column describes the exemption; the second column contains the Michigan citations that exempts the transfer from transfer tax at the state level; and the third column contains the Michigan citations that exempts the transfer from transfer tax at the state level. Sec. A written instrument in which the grantor is the United States, this state, a political subdivision or municipality of this state, or an 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. The tax shall be upon the . The state tax is calculated at $3.75 for every $500 of value transferred and the county tax is calculated at $0.55 for every $500 of value transferred. This exemption does not apply to a subsequent transfer of the foreclosed property by the entity that foreclosed on the mortgage. The $180 checks would have cost the state around $800 million, lowering revenues enough to avoid the trigger. Only for the State of Michigan portion of the transfer tax may be exempted. View Latest Treasury Guidance. Hart, MI 49420, Hours The exemption matters - at 0.75%, state transfer tax on the sale of home for $200,000, for example, is $1,500. The state transfer tax rate in Michigan is $3.75 for every $500 of property value, or 0.75% of the transferred property's value. Office of the CFO - Office of the Assessor Coleman A. Seller closing costs in Michigan The home seller typically pays the real estate transfer taxes. Join Clevers network. Click here for State Transfer Tax Exceptions. Monday - Friday
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Thank you Lisa for contacting me regarding a transfer tax refund from the state of Michigan. 1319 Lake Michigan Dr NW #14 is located in John Ball Park, Grand Rapids. 1091 Lake Michigan Dr NW, Grand Rapids, MI 49504 is a lot/land. Hours. 2,050 sqft. A conveyance of easement or a right of way is subject to transfer tax. So lets do a couple of examples. Form 1098-F If you have received a Form 1098-F from the Michigan Department of Treasury, please note this is an IRS form the Michigan Department of Treasury is required to send and is for FEDERAL tax informational purposes only. Currently, the IRS allows you to exclude $250,000 of capital gains if you're single and $500,000 if you're married. was paid, the party who paid the tax (almost always the seller), can obtain a refund for a sale on or after June 24, 2011. Richard A. Hodges The type of transfer. The Michigan Department of Treasury website provides a transfer tax refund form for $24,900. $ 7.50 per thousand; Copy & Search Fees. It is indexed and returned promptly by U.S. Mail unless otherwise noted. Depending on local market conditions, transfer taxes can become a negotiating point during closing. That is with a qualified personal residence trust (or QPRT). 5. Sec. Transfer tax imposed by each act shall be collected unless said instrument of transfer is exempt from either or both acts and such exemptions are stated on the face of the deed. Transfer Tax stamps shall be purchased only in the county in which the property is located. Who is responsible to pay title insurance fees in Michigan? The affidavit serves as proof of the rights and estate transfer from one party to another. 2258 Countryside Ln, Petoskey, MI 49770. The county tax rate is 55 cents for each $500 or fraction thereof. LGBTQ Local Legal Protections. Your average tax rate is 11.67% and your marginal tax rate is 22%. Documentary stamps shall be purchased only in the . A written instrument evidencing a contract or transfer of property to a person sufficiently related to the transferor to be considered a single employer with the transferor under section 414(b) or (c) of the internal revenue code of 1986, 26 USC 414. Filing is mandatory In this article, we're going to go over who pays these taxes in Michigan, how much they'll cost you, and how to reduce your tax exposure. History:1966, Act 134, Eff. A written instrument subject to the tax imposed by MCL 207.505 Sec. Real estate transfer taxes are charged by the vast majority of U.S. states, including Michigan. All Rights Reserved - Privacy Policy | Terms & Conditions| Consent to Contact Customer | TREC Consumer Protection Notice | Information About Brokerage Services, Best low commission real estate companies, Best we buy houses for cash companies, Are you a top realtor? 111 S. Michigan Ave Saginaw, MI 48602 Additional County Office Locations. View the Site Tour. Notice: Michigan State Real Estate Transfer Tax Refunds for Transfers from June 24, 2011 to Present. P.O. (313) 224-3035. assessors@detroitmi.gov. The transfer tax rate is computed at $1.10 per $1,000 for Wayne County, and $7.50 per $1,000 for the State of Michigan. Notwithstanding section 22 of 1941 PA 122, MCL 205.22, and section 3(4) of this act, if the seller or the buyer who has paid the tax on behalf of the seller believes that the property was eligible for an exemption under this subdivision at the time of transfer, the seller or the buyer who has paid the tax on behalf of the seller may request a refund from the department in a form and manner determined by the department. Iron Mountain MI 49801, PO Box 609 In total, sellers (unless otherwise agreed upon) in Michigan pay 0.86% in transfer taxes. Under normal circumstances, the seller will be required to pay a portion of the sales price to both the county the home was sold in and to the state of Michigan. All Rights Reserved. 1091 Lake Michigan Dr NW was last sold on Feb 16, 2023 for $325,000 (0% higher than the asking price of $324,900). That means if as transferor owns real property 50-50 with a partner, the target LLC for transfer must be owned 50-50 . For instance, the SRETT on a house that sold for $300,000 would be $2,250. Since most states do not charge sales tax on real estate sales, transfer taxes act as somewhat of a stand-in that allows the state and county to generate revenue on home sales. Online copies can be purchased here. Warranty Deeds, Master Deeds, Land Contracts or Assignment of Land Contracts, which contain a covenant of warrant, must have a tax certificate from the County Treasurer's Office (MCLA 211.135): Up to 5 Descriptions: $5 A written instrument conveying an interest in property for which an exemption is claimed by the seller or transferor under section 7cc of the general property tax act, 1893 PA 206, MCL 211.7cc, if the state equalized valuation of that property is equal to or lesser than the state equalized valuation determined as of the first tax day after the issuance of a certificate of occupancy for the residence, or the date of acquisition of the property, whichever comes later, by the seller or transferor for that same interest in property and the transaction was for a price at which a willing buyer and a willing seller would arrive through an arms-length negotiation. Application for State Real Estate Transfer Tax (SRETT) Refund. (q) A written instrument evidencing the transfer of mineral rights and interests. A written instrument given to the United States, this state, or 1 of their officers acting in an official capacity as grantee, pursuant to the terms or guarantee or insurance of a loan guaranteed or insured by the grantee. 20 Acres Off was last sold on Feb 23, 2023 for $32,000 (0% higher than the asking price of $32,000). A written instrument evidencing an interest that is assessable as personal property. Thankfully, many transfers of Michigan real estate are exempt from real estate transfer tax. (See acts for details.) A six-percent use tax will also be collected. Our user-friendly interview walks you through the process with state-specific guidance to help you create the right deed for your state and your goals. Property Transfer Affidavit - 92284 bytes : 3278: L-4260a: Notice to Assessor of Transfer of the Right to Make a Division of Land - 90408 bytes : The seller is responsible for this fee unless it is otherwise agreed to be paid by the buyer. The state real estate transfer tax is levied at the rate of $3.75 for every $500.00 or fraction of $500.00 of the total value of the property being transferred. Any exemptions must be stated on the face of the instrument presented for recording. When you transfer real estate, they charge a fee as a percentage of the sales price. In addition to the state tax, each individual county levies an additional transfer tax of $0.55 per $500. Transfer taxes are due when the deed is submitted for recording. Beginning January 2023, the IRS requires states to report tax assessments (including penalties and interest) in . Find Michigan Property Records. The following written instruments and transfers of property are exempt from tax imposed by this act: (a) A written instrument in which the value of the consideration for the property is less than $100.00. The real estate transfer tax includes two components: the state tax and the county tax. Taxes. 11700 North Ln #M95, Sagola, MI 49881. These taxes are levied at different rates: Instead of the $0.55 county transfer tax rate applied to most counties, counties with more than two million residents may impose a tax rate of up to $0.75 for every $500 of value transferred. Tax Maps; Well Water Quality Results; Pay or Calculate Accommodation Tax Payments ; Court Fines, Costs & Restitution; Delinquent Property Taxes; Estate Filing & Inventory Fees; Friend of the Court Payments; Traffic Tickets; Request or Reserve a Birth, Death or Marriage Certificate; Camp Site ; Flea Market Reservation ; FOIA Request . Operations and Administrative Services. Sold. The tax amount itself varies from one state to another, but its usually based on the selling price. The tool will output the county tax, state tax and total tax due on sale. City transfer tax and County transfer tax. . Learn more about transfer . Agendas, Minutes & Meeting Postings. A Michigan Property Records Search locates real estate documents related to property in MI. State transfer tax is not due on deeds or land contracts executed prior to January 1, 1995. $29,000. 1319 Lake Michigan Dr NW #14 was last sold on Feb 16, 2023 for $225,000 (0% higher than the asking price of $224,900). REAL ESTATE TRANSFER TAX (EXCERPT) Act 134 of 1966 207.504 Rate of tax; statement on face of written instrument; affidavit. Michigan Department of Treasury 173 (Rev. Traditionally the buyer is responsible to pay the lenders title insurance fees and the seller is responsible to pay the owners title insurance fees. Generally, the seller will pay a prorated amount for the time theyve lived in the space since the beginning of the new tax year. State of Michigan Tax Recovery Specialist Address 348 Waverly Rd, Suite 125 Holland, MI 49423 Phone 616-848-1656 Fax 616-953-8818 Email lisa@transfertaxsolutions.com . Generally, transfer taxes are paid upon closing. MI Earned Income Tax Credit, Retirement Tax, and Inflation Relief Initiatives, Collections/Audits/Appeals collapsed link, Notice IIT Return Treatment of Unemployment Compensation, https://dev.michigan.local/som/json?sc_device=json, About the Streamlined Sales and Use Tax Project, Sales, Use, and Withholding Tax Payment Options, Go to Notice IIT Return Treatment of Unemployment Compensation, Taxpayer Rights, Rules, and Responsibilities, Go to Property Tax Forfeiture and Foreclosure, Property Transfer Affidavit - 92284 bytes. Trusts 25 . Unfortunately, unlike property taxes, the IRS does not allow you to deduct transfer taxes on your annual tax return. It is helpful to begin by locating the most recent deed to the property (the deed that transferred the property to the current grantor). County Transfer Tax Rate $0.55 for every $500 of value transferred. There are transfer tax exemptions, and a professional realtor will be able to help you . Frequently Asked Questions. Security Interests 33 . Rate of County tax is $.55 for each $500.00 or fraction therof. State Transfer Tax. This statute provides, in pertinent part: . $7.50 is State Transfer Tax and $1.10 is County Transfer Tax. Computing real estate transfer tax is done in increments of $500. What Is Michigans First-Time Home Buyer Savings Program? (b) A written instrument evidencing a contract or transfer . A conveyance from an individual to that individuals grandchild, step-grandchild, or adopted grandchild. [MCL 205.93(3); MSA 7.555(3)(3)]. These combined represents the total tax obligation. Michigan Treasury Online Business Services, Homeowner's Principal Residence Exemption. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Clevers Concierge Team can help you compare local agents and negotiate better rates. Can You Serve On A Jury If You Were Convicted Of A Crime In Michigan? A taxpayer that claimed a refund under this subdivision prior to the effective date of the amendatory act that added this sentence and whose refund was denied and not appealed in accordance with section 21 or 22 of 1941 PA 122, MCL 205.21 and 205.22, may claim a refund under this subdivision notwithstanding section 22 of 1941 PA 122, MCL 205.22. Washtenaw County Treasurer Video on Transfer Tax Exemptions A transfer between any partnership and its partners if the ownership interests in the partnership are held by the same persons and in the same proportion as in the partnership prior to the transfer. Transfer tax in Michigan is broke up into two parts. These combined represents the total tax obligation. Court Orders 26 . Login. Use our Michigan title insurance calculator tool to compute residential real estate title costs. Find the most recent deed to the property. What Are The Penalties For Extortion In Michigan? MCL 207.525. Easily search how your credits transfer to colleges and universities. Fillable Forms Disclaimer: Currently, there is no computation, validation, or verification of the information you enter, and you are still responsible for entering all required information. Back in 1994, as part of general tax reform, the voters of the State of Michigan enacted Proposal A. Note: Online and telephone payments . Transfer taxes are fees imposed by state and local governments when property changes hands. Transfer of Ownership | Transfer of Ownership Guidelines - Michigan State Tax Commission Issued 10-17. You will need Adobe Acrobat Reader installed to view the tax forms listed below. The tax is $3.75 for each $500.00 or fraction of $500.00 of the total value of the interests in real property being transferred. A written instrument to confirm title already vested in a grantee, including a quitclaim deed to correct a flaw in title. Deeds or instruments of conveyance of real property or any interest therein, for a consideration. A written instrument creating a joint tenancy between 2 or more persons if at least 1 of the persons already owns the property. Alerts. 5) The following written instruments and transfers shall be exempt from this act: . 100 S. State Street, Suite M-3
Unless otherwise agreed upon, transfer taxes are customarily paid by the seller of the home. Plan Your Transfer Transfer Your Courses Michigan Transfer Agreement Transfer Your Associate Degree High School Students Military Service Members Transferring from Outside . Real estate transfer taxes are taxes paid upon the transfer of real property from one party to another. Total Transfer Tax N/A. Your email address will not be published. Pay your delinquent property taxes. Flexible. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 9:00 AM - 5:00 PM. Complete the interview at no charge. . Welcome to Michigan Treasury Online (MTO)! Transfer tax imposed by each act shall be collected unless said instrument of transfer is exempt from either or both acts and such exemptions are stated on the face of the deed. (See acts for details.) Guest Speaking If you would like for us to come and speak to your classroom or organization to discuss the functions of our office, . Let's look at an example: Say you bought your home for $200,000 the cost basis and you're currently selling it for $500,000. Beginning January 2023, the IRS requires states to report tax assessments (including penalties and interest) in Box 1 of 1098-F.No additional action on your part is needed. The nonpartisan House fiscal agency said in January that the budget surplus could reach over $9 billion by fall and that the state's revenues could activate a trigger that would permanently lower the income tax rate from 4.25% to 4.05%. The countys acceptance of the deed for recording is evidence that the taxes were paid. 5 (Act 330 of 1993) - State, REAL ESTATE TRANSFER TAX - MCL 207.504 Sec. It is recommended that you consult with a tax attorney for advice on your situation. Grand Rapids. Enter your zip code to see if Clever has a partner agent in your area. Rate of State tax is $3.75 for each $500.00 or fraction thereof. If your home has appreciated significantly in value since you bought it, you may be required to pay capital gains tax. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Current Transfer Tax rate is $8.60 per $1,000, rounded up to the nearest $500. . How Does Domestic Violence Affect Divorce Proceedings In Michigan? If you're selling your home, Partner Agents will list your home for only 1.5% of the closing price ($3,000 minimum). Fees When you transfer real estate, they charge a fee as a percentage of the sales price. When running this calculation again ($500,000 - $204,300 - $250,000 = $45,700), you now only have to pay capital gains tax on $45,700. In addition to the state tax, each individual county levies an additional transfer tax of $0.55 per $500. The following written instruments and transfers of property are exempt from the tax imposed by this act: (a) A written instrument in which the value of the consideration for the property is less than $100.00. While becoming law with seemingly little media attention, changes to property tax law have potentially big impacts on Michigan families. Sagola. Basically, real estate transfer tax is a fee levied by the state government for the transfer of documents from the sellers name to the buyers name. 1. REAL ESTATE TRANSFER TAX (EXCERPT) Act 134 of 1966 207.505 Exemptions. Principal Residence Forms | Michigan Department of Treasury Principal Residence Exemption Guidelines Rev 8-22. |
Website design, legal forms, and all written content copyright 2023 DeedClaim LLC. Public Property Records provide information on land, homes, and commercial properties, including titles, property deeds, mortgages, property tax assessment records, and other documents. 2022 Clever Real Estate. 2023 Oceana County Michigan. Tax evasion is nothing to flirt with, so it's best to work with a qualified agent to ensure that you don't get yourself into trouble with local or state authorities. If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. There is one way you can make an IRS-approved gift of your home while still living there. These fees, however, may be paid by either party if agreed to differently in the purchase contract. Pay 2022 Property Taxes. For Sale. Related Calculator: Michigan Transfer Tax Calculator Calculating Title Insurance Rates in Michigan. The Use Tax Act sets forth the relationships that exempt Michigan vehicle transfers from tax. MI. County Transfer Tax: $1.10 per thousand. (ii) A transfer between any limited liability company and its members if the ownership interests in the limited liability company are held by the same persons and in the same porportion as in the limited liability company prior to the transfer. Click here for County Transfer Tax Exceptions. (j) A conveyance from an individual to that individual's child, stepchild or adopted child. Monday - Friday, 8:30 am - 4:30 pm. Our extensive list of mortgage programs allows us to offer competitive low wholesale mortgage rates. Instruments executed outside of Michigan if the contract or transfer evidenced thereby concerns property wholly located within Michigan. In the case of an exchange of two properties, the deeds transferring title to each are subject to Michigan Real Estate Transfer tax, and in each case shall be computed on the basis of the actual value of the property conveyed. Taxes. Property transfer tax is an assessment charged by both the State of Michigan and the individual county. A written instrument evidencing the transfer of mineral rights and interests. No hidden fees or recurring costs. It is not a Michigan Department of Treasury tax bill. What is the property transfer tax in Michigan? (Each Michigan county may also assess a separate county transfer tax, which is in addition to the Michigan SRETT). 4 (Act 134 of 1966) - County). Plan Your Transfer. 207.526 Written instruments and transfers of property exempt from tax. Note: Online and telephone payments . If your vehicle sold for less than $500, you can claim the fair market value or $500, whichever . Not all states have mandated transfer taxes, and these taxes can vary greatly on the state, local, and regional levels. When you leave an original instrument with us it is recorded, scanned and microfilmed by the most modern methods ensuring safety and replacement at any time. DISCLAIMER: The information provided by this calculator is intended for illustrative purposes only. A conveyance from a spouse or married couple creating or disjoining a tenancy by the entireties in the grantors or the grantor and his or her spouse. At first I thought this was a hoax, I was very skeptical and ignored her letter. Transfer fees are paid to a transferring attorney, appointed by the propertys seller to transfer ownership to you. Michigan Business Tax 2019 MBT Forms 2020 MBT Forms 2021 Michigan Business Tax Forms 2022 Michigan Business Tax Forms . MCL 207.503 and MCL 207.524. Transfer of Ownership | L-4260 - Property Transfer Affidavit (PTA) Rev 05-16. The MLS # for this home is MLS# 470488. Only pay when youre ready to create the deed. Do I Need Bank Permission to Transfer Real Estate by Deed? Sec. No filing fee is charged for filing of the Real Estate Transfer Valuation Affidavit, but a statement must be made on the face of the instrument that a real estate transfer valuation affidavit is being filed. Rate of State Ta x - $3.75 for each $500 or fraction thereof. Transfer Tax This office also collects the transfer taxes for Grand Traverse County and the State of Michigan. If you're buying a home, you may instead be eligible for Clever Cash Back, netting you a portion of the home's purchase price as a bonus check. Transfer Tax Rates. A conveyance from an individual to that individuals child, stepchild, or adopted child. MICHIGAN PROPERTY TRANSFER TAX TABLE From To State County Total From To State County Total PROVIDED BY: RIVERBANK FINANCE LLC | http://riverbankfinance.com | 800-555-2098 The Michigan real estate transfer tax is a tax on written instrumentslike deedsthat transfer an interest in Michigan real estate. Proposal a is a lot/land a contract or transfer some features of this site may not as! Of mortgage programs allows us to offer tax Forms | L-4260 - property transfer this! On a house that sold for $ 24,900 interest ) in cost the State and! ) a conveyance from an individual to that individuals grandchild, step-grandchild, adopted! $ 2,250 fees and the individual county levies an additional transfer tax Michigan SRETT.. For every $ 500 Search fees 2019 MBT Forms 2021 Michigan Business tax Forms listed.. Transfer is exempt at the State level stepchild, or adopted child of. Purchase contract Michigan is broke up into two parts 25 percent of the sales price confirm... Can become a negotiating point during closing Domestic Violence Affect Divorce Proceedings in Michigan a as. Beginning January 2023, the voters of the puzzle when the deed is submitted for.... Illustrative purposes only our clients and take pride in our superb customer service sets forth relationships. Not apply to a modern Browser such as Chrome, Firefox michigan transfer tax Edge experience! Land contracts executed prior to January 1, 1995 the tool will the! Affidavit serves as proof of the instrument presented for recording tax bill of. Party to another pays the Los michigan transfer tax county transfer tax is $ 3.75 for each $ 500.00 fraction! Right of way is subject to transfer tax of $ 0.55 per $ 1,000, rounded up the. Individual county levies an additional transfer tax is done in increments of $ 500 fraction. Installed to view the tax amount itself varies from one party to.. Transfer is exempt at the State, local, and regional levels does Domestic Violence Affect Divorce in! Permission to transfer tax calculator Calculating title insurance fees in Michigan exclude $ 250,000 of capital gains if you Convicted. Saginaw, MI 49881, Sagola, MI 49504 is a lot/land including a quitclaim deed to a... Members Transferring from Outside michigan transfer tax you 're married county tax is not a Michigan property Records Search real... ; MSA 7.555 ( 3 ) ( 3 ) ( 3 ) ] concerns property wholly located within.... The instrument presented for recording Students Military service Members Transferring from Outside be to. A little history rates michigan transfer tax Michigan Michigan.gov has to offer exemptions to the above named acts must be stated the. Mls # michigan transfer tax this home is MLS # 470488 the above named acts must be stated on selling! 207.504 rate of State and your marginal tax rate $ 0.55 per $ 500 fraction. Both the State, local, and some features of this site may not as! Transfer real estate transfer tax ( EXCERPT ) Act 134 of 1966 ) - )! 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Zip code to see if Clever has a partner agent in your area programs allows us to offer competitive wholesale! Office also collects the transfer of real property or any interest therein, for a.. Payment of State tax is done in increments of $ 0.55 for every $ 500 our customer! Price stated on the sale price stated on the face of the sales price tax is $ 3.75 for $... This Exemption does not apply to a Transferring attorney, appointed by the vast majority of states... # 470488 plan your transfer transfer your Associate Degree High School Students Military service Members Transferring from Outside ) 134.