Real Estate Transfer Tax
Since 1966, The State of Michigan has collected a Real Estate Transfer Tax on all real property transfers. This tax is collected from the seller at the time of closing, and is 0.75% of the sale price of the home. However, the State of Michigan passed the law MCL 207.526 in 1993 stating that if you sold a home (any type of sale qualifies), with a declining State Equalized Value (SEV), then you may be exempted from paying the Michigan Transfer Tax.
If, after doing our due diligence, we find that you qualify for this refund, we will gather all the necessary tax and legal documentation and submit your refund claim within a week. We typically receive rebate checks for our clients within 6-8 weeks of beginning this process and have a 99.5% success rate.
We are paid nothing unless and until we recover your refund.
If we have contacted you by mail or telephone regarding our service, our preliminary research indicates you are likely eligible for an RETT refund, and we urge you to contact us at your earliest convenience to begin the process of securing it on your behalf.
Randal L. Schmidt, PLC