Michigan § 207.501 Real estate transfer tax; definitions.

Michigan Statutes

§ 207.501 — Real estate transfer tax; definitions.

Michigan § 207.501

Ch. 207TAXATION

Act 134 of 1966REAL ESTATE TRANSFER TAX (207.501-207.513)

This text of Michigan § 207.501 (Real estate transfer tax; definitions.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 207.501 (2026).

Text

REAL ESTATE TRANSFER TAX (EXCERPT) Act 134 of 1966 207.501 Real estate transfer tax; definitions. Sec. 1. As used in this act:

(a)"Treasurer" means the county treasurer.

(b)"Person" means every natural person, association or corporation. Whenever used in any penalty clause the term "person", as applied to associations, means the partners or members thereof, and as applied to corporations, the officers thereof.

(c)"Value" means the current or fair market worth in terms of legal monetary exchange at the time of the transfer.

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REAL ESTATE TRANSFER TAX (EXCERPT) Act 134 of 1966 207.501 Real estate transfer tax; definitions. Sec. 1. As used in this act: (a) "Treasurer" means the county treasurer. (b) "Person" means every natural person, association or corporation. Whenever used in any penalty clause the term "person", as applied to associations, means the partners or members thereof, and as applied to corporations, the officers thereof. (c) "Value" means the current or fair market worth in terms of legal monetary exchange at the time of the transfer.