Skip Navigation
Michigan TaxesMichigan.gov, Official Portal for the State of Michigan
Michigan.gov Home Taxes Home |  FAQ |  Forms |  Online Services |  Contact Treasury |  Site Map
close print view
FAQ
  State Real Estate Transfer Tax
In a probate estate, two heirs are agreeing to an unequal assignment of the real estate. One heir is paying the estate the difference between the equal share and the value of what is actually received, which is then distributed to the other heir. Which exemption applies?
 
Answer:
Base the transfer tax on the difference in value for which the heir is paying the estate. The remaining interests are transferred free from tax under MCL 207.526(a).

Michigan Business One Stop
Link to Department and Agencies Web Site Index
Link to Statewide Online Services Index
Link to Statewide Web-based Surveys
Link to RSS feeds available on this site
FAQ Categories
 •  Index of Tax FAQ's
 •  Individual Income Tax
 •  Business Taxes
 •  1099-MISC Filing Requirements
 •  Collections/Delinquent Accounts
 •  Tax Increment Financing
 •  Service Fee/Pilot Housing
 •  State Real Estate Transfer Tax
 •  Native American
 •  Michigan Business Tax
 •  Status of Individual Refund
 •  Health Insurance Claims Assessment (HICA) Act
 •  Energy Home Improvement Credit
 •  Corporate Income Tax
QR code

Michigan.gov Home |  Contact Treasury |  State Web Sites |  FAQ |  Sitemap
 | Accessibility Policy | Link Policy | Security Policy | Privacy Policy | Michigan News | Michigan.gov Survey

Copyright © 2001-2013 State of Michigan