What is the sales tax rate for my area? Am I responsible for sales tax on selling my home?
Michigan charges the seller a real estate transfer tax, which may be as high at $7.50 per $1,000 of sale price. In addition, some Michigan counties charge a transfer tax, usually about $1.10. Many other states have transfer taxes -- in my state, New York, it's about $4 per thousand. Michigan's is probably among the highest, though there are probably some adjustments and exceptions.