Transfer Tax Information

TRANSFER TAX

Any Deed or Easement that has a consideration will have State and County transfer tax due at the time of recording based on the total consideration unless there are exemptions stated.  State Transfer tax is not due on deeds that were executed prior to January 1, 1995, or if the deed is given upon the payoff of a Land Contract that was executed prior to same date.  Either the Liber/Page & date of the Land Contract must be stated on the deed or the exemptions must be stated. 

The County Transfer Tax rate is $1.10 for each $1000 or fraction thereof.

The State Transfer Tax rate is $7.50 for each $1000 or fraction thereof.

For Example:

If consideration is $110,100, round up to next 500 - multiply $110,500 by .0086 (State .0075, County .0011). Total Transfer Tax would be $950.30 (State 828.75, County 121.55).

If consideration is $110,501, round up to next 500 - multiply $111,000 by .0086 (State .0075, County .0011). Total Transfer Tax would be $954.60 (State 832.50, County 122.10).