Free Ionia, Michigan seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Ionia, Michigan (Ionia County). The calculator applies the local rates for you.
- Median home value
- $161,100
- Transfer tax on $160,000
- $1,376
- Seller costs on $160,000
- About $10,477
- Median property tax bill
- $1,966 a year
- County
- Ionia County
- Population
- 12,265
Ionia transfer tax
On a $160,000 sale in Ionia, transfer taxes come to $1,376: State real estate transfer tax and County real estate transfer tax. By custom the seller pays it.
| Tax | Rate | Paid by | On $160,000 |
|---|---|---|---|
| State real estate transfer tax | $3.75 per $500 | Seller | $1,200 |
| County real estate transfer tax | $0.55 per $500 | Seller | $176 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $160,000 local median value | $1,376 | $0 | $1,376 |
| $250,000 | $2,150 | $0 | $2,150 |
| $500,000 | $4,300 | $0 | $4,300 |
| $1,000,000 | $8,600 | $0 | $8,600 |
Example Ionia seller net sheet
A $160,000 sale, close to Ionia's median home value of $161,100, with a 5% commission and a $95,000 mortgage payoff. Seller costs come to about $10,477, or 6.5% of the price.
| Line | Seller |
|---|---|
| Sale price | $160,000 |
| First mortgage payoff | −$95,000 |
| Real estate commission (5%) | −$8,000 |
| State real estate transfer tax | −$1,200 |
| County real estate transfer tax | −$176 |
| Owner's title insurance policy | −$676 |
| Settlement / closing fee | −$350 |
| Release / satisfaction recording | −$30 |
| Wire / courier / payoff processing | −$45 |
| Estimated net before property tax prorations | $54,523 |
Who pays what in Ionia
Ionia closings follow Ionia County customs. In Ionia 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 Ionia
The median property tax bill for homeowners in Ionia is $1,966 a year, about 1.22% of the median home value of $161,100 (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.
Ionia seller questions
How much is the transfer tax in Ionia, Michigan?
On a $160,000 sale in Ionia, transfer taxes come to $1,376: State real estate transfer tax and County real estate transfer tax. By custom the seller pays it.
How much are seller closing costs in Ionia?
On a $160,000 sale, close to the median home value in Ionia, with a 5% commission, estimated seller costs are about $10,477 (6.5% of the price). Without commission they are about $2,477. The loan payoff and property tax proration change the final number.
What county is Ionia in, and does it matter at closing?
Ionia is in Ionia County, Michigan. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Ionia 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 Ionia?
The median property tax bill for homeowners in Ionia is $1,966 a year, about 1.22% of the median home value of $161,100 (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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