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FAQ
  State Real Estate Transfer Tax
Does MCL 207.526(o) exempt the payment of the SRETT for a sale on a land contract?
 
Answer:
The tax is due not when a land contract is signed, but when it is finally paid off. The exemption was originally put into the county transfer tax act to prevent the payment of the tax on the land contract when it was registered and then paying it again when the deed is transferred. The same language from the county tax was put into the SRETT when it was written.

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