Did you hear about a new bill that was passed in December 2015? You MAY be entitled to a possible refund of the Michigan Transfer Tax!
The Michigan Transfer tax is required to be paid by a seller when you sell a home. However, a recent bill that went into effect in December 2015 may make you eligible for a refund. A refund may apply when the SEV at the time of sale is less than or equal to the original SEV when you bought the home.
If you bought the home in 2010, the SEV was $47,000
If you sold the home in 2015, the SEV was $41,000
Estimated possible refund amount from Transfer Tax: $738.75
What you will need to do:
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