Free Genoa, Michigan seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Genoa, Michigan (Livingston County). The calculator applies the local rates for you.
- Median home value
- $371,600
- Transfer tax on $370,000
- $3,182
- Seller costs on $370,000
- About $23,539
- Median property tax bill
- $3,482 a year
- County
- Livingston County
- Population
- 20,636
Genoa transfer tax
On a $370,000 sale in Genoa, transfer taxes come to $3,182: State real estate transfer tax and County real estate transfer tax. By custom the seller pays it.
| Tax | Rate | Paid by | On $370,000 |
|---|---|---|---|
| State real estate transfer tax | $3.75 per $500 | Seller | $2,775 |
| County real estate transfer tax | $0.55 per $500 | Seller | $407 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $250,000 | $2,150 | $0 | $2,150 |
| $370,000 local median value | $3,182 | $0 | $3,182 |
| $500,000 | $4,300 | $0 | $4,300 |
| $1,000,000 | $8,600 | $0 | $8,600 |
Example Genoa seller net sheet
A $370,000 sale, close to Genoa's median home value of $371,600, with a 5% commission and a $220,000 mortgage payoff. Seller costs come to about $23,539, or 6.4% of the price.
| Line | Seller |
|---|---|
| Sale price | $370,000 |
| First mortgage payoff | −$220,000 |
| Real estate commission (5%) | −$18,500 |
| State real estate transfer tax | −$2,775 |
| County real estate transfer tax | −$407 |
| Owner's title insurance policy | −$1,432 |
| Settlement / closing fee | −$350 |
| Release / satisfaction recording | −$30 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $126,461 |
Who pays what in Genoa
Genoa closings follow Livingston County customs. In Livingston County, the seller customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing. Closings are usually handled by a title company.
Property taxes in Genoa
The median property tax bill for homeowners in Genoa is $3,482 a year, about 0.94% of the median home value of $371,600 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Summer (Jul 1) and winter (Dec 1) bills. Most of Michigan prorates as if taxes are paid in advance for the 12 months following the bill (due-date method); seller is credited for prepaid months. Some areas use the calendar-year method.
Rates verified 2026-09-29. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Genoa seller questions
How much is the transfer tax in Genoa, Michigan?
On a $370,000 sale in Genoa, transfer taxes come to $3,182: State real estate transfer tax and County real estate transfer tax. By custom the seller pays it.
How much are seller closing costs in Genoa?
On a $370,000 sale, close to the median home value in Genoa, with a 5% commission, estimated seller costs are about $23,539 (6.4% of the price). Without commission they are about $5,039. The loan payoff and property tax proration change the final number.
What county is Genoa in, and does it matter at closing?
Genoa is in Livingston County, Michigan. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Livingston County, the seller customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing.
How much are property taxes in Genoa?
The median property tax bill for homeowners in Genoa is $3,482 a year, about 0.94% of the median home value of $371,600 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. Summer (Jul 1) and winter (Dec 1) bills. Most of Michigan prorates as if taxes are paid in advance for the 12 months following the bill (due-date method); seller is credited for prepaid months. Some areas use the calendar-year method.
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