Michigan seller net sheet calculator

Michigan sellers pay a combined 0.86% transfer tax, 0.75% state and 0.11% county, and can be exempt from the state part if their home hasn’t gained taxable value. The seller customarily pays for the buyer’s owner’s title policy.

Michigan’s rules checked September 30, 2026Runs in your browser. Nothing you type is saved.

State Closing date

Michigan: Real estate transfer tax: 0.86% of the price, usually paid by the seller. Owner’s title is usually paid by the seller.

Sale price

$

Mortgage payoff

$

Commissions

Listing agent

Buyer’s agent

Estimated net to seller $104,828

41%keeps

Sale price$255,000
Commissions−$14,025
- Listing agent commission (3%)est.−$7,650
- Buyer’s agent compensation (2.5%)est.−$6,375
Loans and liens−$130,000
- Mortgage payoff−$130,000
Title and closing−$1,593
- Owner’s title insuranceest.−$893
- Settlement or escrow feeest.−$600
- Recording and release feesest.−$100
Taxes−$4,554
- Real estate transfer tax−$2,193
- Property taxes (prorated)est.−$2,361
Net to seller$104,828

An estimate, not a closing statement. The title or escrow company and your lender provide the final figures, and the loan payoff comes from the lender's payoff statement. Commissions are negotiable.

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A Michigan sale, worked out

The calculator opens on $255,000, about the median value of an owner-occupied home in Michigan ($254,200, 2024 Census estimate), with a $130,000 mortgage payoff as an example. Commissions are whatever the seller agrees, so they’re left out here.

Before commissions and the payoff, the seller’s costs come to about $6,147, or 2.41% of the price, for a closing on December 5, 2026. Michigan’s transfer tax on a $400,000 sale is the 9th highest of the 35 states and DC that have one.

Seller’s costs on $255,000, before commissions and the payoff
Owner’s title insuranceest.	−$893
Settlement or escrow feeest.	−$600
Recording and release feesest.	−$100
Real estate transfer tax	−$2,193
Property taxes (prorated)est.	−$2,361
Total	−$6,147

Estimates are tagged “est.”; the rest follow the state’s rules.

The real estate transfer tax and title at other prices

Real estate transfer tax is 0.86% of the price, usually paid by the seller. The owner’s policy below is an estimate; your title company’s quote will differ. The seller usually pays for it.

Sale price	Whole real estate transfer tax	Seller usually pays	Owner’s title policy
$250,000	$2,150	$2,150	$875est.
$500,000	$4,300	$4,300	$1,750est.
$750,000	$6,450	$6,450	$2,625est.
$1,000,000	$8,600	$8,600	$3,500est.
$2,000,000	$17,200	$17,200	$7,000est.

Counties or cities in Michigan can add a tax of their own. Add it under Other costs in the calculator.

Selling in Michigan: what to know

Real estate transfer tax

Michigan law puts both transfer taxes on the seller: the state tax of $3.75 per $500 (0.75%) and the county tax of $0.55 per $500 (0.11%), 0.86% together, so $2,580 on a $300,000 sale. There are no city transfer taxes.

Title insurance

In Michigan the seller customarily furnishes and pays for the buyer’s owner’s policy, as standard purchase agreements provide.

Who runs the closing

Title companies conduct most Michigan closings. An attorney isn’t required.

Property taxes

Michigan sends two bills a year: summer taxes are due July 1 and winter taxes are billed December 1. Proration depends on local custom and the purchase agreement; some treat each bill as paid in advance, others prorate on a fiscal-year or arrears basis.

Local differences

Counties of 2 million or more can charge a higher county rate. That historically meant Wayne County, whose population has since dropped below 2 million, so confirm its current rate with the register of deeds.

Selling in Michigan: questions

Who pays transfer tax in Michigan?

The seller. Michigan law imposes both the 0.75% state tax and the 0.11% county tax on the seller, 0.86% in total.

Can I be exempt from Michigan’s state transfer tax?

Possibly. If you claimed a principal residence exemption and the home’s state equalized value at sale is no higher than when you bought it, the state portion is exempt in an arm’s-length sale. The county tax is still due, and a missed exemption can be claimed as a refund within four years.

Who pays for title insurance in Michigan?

The seller customarily pays for the buyer’s owner’s policy in Michigan.

How much are seller closing costs in Michigan?

Leaving out commissions, which are whatever the seller agrees, and the loan payoff, a Michigan seller’s costs on a $255,000 sale come to about $6,147 with the calculator’s estimates and a December 5, 2026 closing: owner’s title insurance $893, settlement or escrow fee $600, recording and release fees $100, real estate transfer tax $2,193, property taxes (prorated) $2,361. Put in your own numbers above for a closer figure.

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