Detroit Michigan Application for Real Estate Transfer Tax Refund

• Category: Michigan Taxes - General
• State: Michigan
• City: Detroit
• Control #: MI-2796F7
• Format: PDF

Description

This Application for Real Estate Transfer Tax Refund is to be used for the state of Michigan (SRETT). This form is used when a transfer tax is paid but it is later determined that the transfer was exempt. When a seller pays the state real estate transfer tax to the Register of Deeds and then later determines that the sale (transfer) of the real property was exempt from the SRETT, the Michigan Department of Treasury will process an application for a refund of the SRETT. The Detroit Michigan Application for Real Estate Transfer Tax Refund is a government document that allows individuals or entities to seek a refund of the real estate transfer tax that was paid at the time of property acquisition. This application is specifically designed for transactions that occurred in the city of Detroit, Michigan, and pertains to the refund of taxes paid on the transfer of real estate properties within the city limits. It is an essential form for those who believe they are eligible for a refund based on specific criteria outlined by the city's tax code. The application form requires the applicant to provide detailed information about the property, including its address, legal description, and acquisition date. Additionally, the applicant must provide personal information such as their name, contact details, and taxpayer identification number. When applying for a real estate transfer tax refund in Detroit, there are two primary types of applications: 1. Principal Residence Exemption (PRE) Refund Application: This application is intended for homeowners who purchased a property in Detroit and established it as their primary residence. The PRE refund application allows eligible homeowners to seek a refund of the real estate transfer tax paid at the time of purchase. 2. Property Transfer Affidavit (PTA) Refund Application: This application is applicable to individuals or entities who transfer property in Detroit to another party within a specific timeframe (usually 45 days). Eligible applicants may seek a refund of the real estate transfer tax paid if the property is transferred back to them within the specified timeframe. Both types of applications require supporting documentation, such as a copy of the deed or other legal documents related to the property transfer. The application must be filled out accurately and submitted to the appropriate department within the city government. Overall, the Detroit Michigan Application for Real Estate Transfer Tax Refund is an important document for individuals and entities wishing to reclaim real estate transfer taxes paid in Detroit. It offers various types of refund applications, primarily for those who establish a principal residence or transfer property within a certain timeframe.

The Detroit Michigan Application for Real Estate Transfer Tax Refund is a government document that allows individuals or entities to seek a refund of the real estate transfer tax that was paid at the time of property acquisition. This application is specifically designed for transactions that occurred in the city of Detroit, Michigan, and pertains to the refund of taxes paid on the transfer of real estate properties within the city limits. It is an essential form for those who believe they are eligible for a refund based on specific criteria outlined by the city's tax code. The application form requires the applicant to provide detailed information about the property, including its address, legal description, and acquisition date. Additionally, the applicant must provide personal information such as their name, contact details, and taxpayer identification number. When applying for a real estate transfer tax refund in Detroit, there are two primary types of applications: 1. Principal Residence Exemption (PRE) Refund Application: This application is intended for homeowners who purchased a property in Detroit and established it as their primary residence. The PRE refund application allows eligible homeowners to seek a refund of the real estate transfer tax paid at the time of purchase. 2. Property Transfer Affidavit (PTA) Refund Application: This application is applicable to individuals or entities who transfer property in Detroit to another party within a specific timeframe (usually 45 days). Eligible applicants may seek a refund of the real estate transfer tax paid if the property is transferred back to them within the specified timeframe. Both types of applications require supporting documentation, such as a copy of the deed or other legal documents related to the property transfer. The application must be filled out accurately and submitted to the appropriate department within the city government. Overall, the Detroit Michigan Application for Real Estate Transfer Tax Refund is an important document for individuals and entities wishing to reclaim real estate transfer taxes paid in Detroit. It offers various types of refund applications, primarily for those who establish a principal residence or transfer property within a certain timeframe.