Real Estate Tax Change Introduced

Jun 14, 2024

by Liz Gullett

As MLC’s Communications and Social Media Manager, Liz Gullett keeps clients informed and up-to-date on the goings on in Lansing and the Capitol.

Representative Donni Steele (R-Orion) introduced legislation she believes will help combat the high cost of living residents are experiencing.

Key Points:

    • House Bills 5811 – 5814 eliminates the Real Estate Transfer (RET) Tax.
    • Currently, the state taxes $3.75 of every $500 of transferred property.
    • For example, if a family sells their home for $125,000, they will owe nearly $1,000 in taxes.

Next Steps:

    • The bills were referred to the House Tax Policy for consideration.

Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.

Recent Posts

General Election Overview: 44th Michigan House District

General Election Overview: 44th Michigan House District

Leading up to the November 5 general election, we are highlighting races generally considered swing seats.  District Overview: The district includes Battle Creek, Springfield, Albion, and Bedford, Pennfield, Convis, Lee, Clarence, and Sheridan Townships. Commentary:...

Five Things We’re Reading

Five Things We’re Reading

Below are some articles that the MLC lobby team has been reading over the past week. We hope you find them as interesting and useful as we do. Most U.S. Senators Appointed Since 1990 Have Run to Keep Their Seat – and Most Have Won – Here’s an overview of the 43...

General Election Overview: 31st Michigan House District

General Election Overview: 31st Michigan House District

Leading up to the November 5 general election, we are highlighting races generally considered swing seats.  District Overview: The district includes portions of Lenawee, Monroe, Washtenaw, and Wayne Counties. Commentary: Democratic Representative Reggie Miller has...

Michigan Legislative Consultants

Michigan Legislative Consultants
110 W. Michigan Avenue
Suite 500
Lansing, MI 48933
517.372.2560
517.372.0130 fax

1001 Woodward Avenue
Suite 500
Detroit, MI 48226

MLC is proud to be the Michigan member of NASL