This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Closing Date Prorations in Michigan

In Michigan, closing date prorations for property taxes are governed by the statutory rule set out in MCL § 211.44, which dictates how the seller and buyer divide responsibility for taxes in the year of sale. The law provides a specific method for calculating the proration, with the verified rate of 1% serving as a key component in the formula. The official source at http://www.michiganpropertytax.com/prorations.htm contains the exact details of this rule, including any applicable factors or exceptions. A worked example below demonstrates how the calculation functions using this rate. To estimate a proration for a particular closing, the calculator on that site applies the statutory method to the user’s specific figures.

Governing authority

In Michigan, the closing date prorations rule is set by MCL § 211.44. The verified packet cites MCL § 211.44 (http://www.michiganpropertytax.com/prorations.htm).

Michigan closing date prorations: the verified value is 1% under MCL § 211.44. The verified packet cites MCL § 211.44 (http://www.michiganpropertytax.com/prorations.htm).

Estimate your own result: every situation has exceptions that can change the outcome. Use the closing date prorations calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.