MI HB4171

Sets real estate transfer tax at 55 cents per $500 of property value in counties with populations under 2,000,000, and authorizes up to 75 cents per $500 in counties with populations of 2,000,000 or more.

Allows counties that establish a housing trust fund for the homeless under the state housing development authority act to increase the transfer tax by an additional 25 cents per $500 of property value.

Requires written instruments transferring real property to state the total value on the instrument's face or include an attached affidavit prescribed by the state tax commission declaring the total value.

Dedicates all additional tax revenue collected under the housing trust fund provisions to funding that specific housing trust fund for the homeless for as long as it exists.