Disclaimer

Please read the disclaimer below and choose one of the following options.

The calculations estimated in this program are intended to reflect the estimated increase in a property’s tax bill related to the bond proposition along with any potential change in a property’s Michigan Homestead Property Tax Credit related to the increase in property taxes.

2025 Michigan Homestead Property Tax Credit - Households that pay homestead property taxes greater than 3.2% of their annual household resources may be eligible for Michigan's Homestead Property Tax Credit. Eligible households may deduct up to 60% (up to 100% for senior citizens) of the millage increase cost up to a $1,900 Homestead Tax Credit limit. The eligibility for the credit begins to decrease after household resources exceeds $62,500 and ends completely after the household income exceeds $71,500 or the taxable value exceeds $165,400. If 100% of household resources is received from the Family Independence Program of the Michigan Department of Health and Human Services, taxpayers do not qualify for a homestead property tax credit. See https://www.michigan.gov/taxes/iit/tax-guidance/credits-exemptions/hptc for more information on the Michigan Homestead Property Tax Credit.

Various factors may affect if you qualify for the Michigan Homestead Property Tax Credit, including if the property is held in a trust. Please consult your accountant/tax advisor or preparer to determine your ability to receive the Homestead Property Tax Credit.

Taxable Value: Your property's taxable value can be found on your annual Notice of Assessment, mailed by your local assessor each spring. You may also look up your taxable value online at BSA Online. Select your municipality (e.g., City of Grand Haven, Grand Haven Township, Village of Ferrysburg), then enter your property address to view your most recently available taxable value. If your local unit is not listed, contact your local assessor's office directly.

Household Income: For purposes of this calculator, household income refers to your total annual household resources as defined by the Michigan Department of Treasury. This is generally your total household income from all sources. If you are unsure of your household income, refer to your most recent Michigan tax return (Form MI-1040CR, Line 36 — Total Household Resources).

The entries on this website are not recorded and the use of this calculator is voluntary.