Bankrate.com

state tax rates
State taxes
taxes
State taxes: Michigan

Taxes » State Tax Rates » Michigan

Michigan's tax rate is a flat rate of 4.35 percent of federal adjusted gross income with modifications. Some cities impose additional income taxes. More on Michigan taxes can be found in the tabbed pages below.

Personal income tax
  • Effective Oct. 1, 2007, the Michigan income tax rate increased from a flat 3.9 percent of adjusted gross income to 4.35 percent. This rate is effective through Dec. 31, 2012.
  • Michigan's personal income tax rate is scheduled to decrease to 4.25 percent on Jan. 1, 2013.
  • Michigan tax returns are due by April 15, or the next business day if that date falls on a weekend or holiday.
  • Several cities also impose additional income taxes, meaning different forms must be filed in varying municipalities.
Sales taxes
  • Michigan's state sales tax and corresponding use tax is 6 percent.
  • The state does not allow city or local sales taxes.
Personal and real property taxes
  • Property taxes are assessed on the local, not state, level. This property tax estimator can give you an idea of your upcoming bill.
  • Michigan taxpayers with tangible personal property on Dec. 31 must file a personal property statement with the local municipality or township assessor of the jurisdiction where the property is located as of that date. The return must be filed by Feb. 20 of the tax year or sooner in some jurisdictions requiring the filing by an earlier date.
  • Some senior citizens, disabled people, veterans, surviving spouses of veterans and farmers may be able to delay paying property taxes. It depends on the county in which you live and your income level. Contact your local or county treasurer for more information about delaying payment of your property taxes.
  • Owner owned and occupied homesteads may be exempt from a portion of local school operating taxes. Claim an exemption by filing Form 2368 with your township or city by May 1. Your local assessor will adjust your taxes on your next property tax bill. This is an exemption from part of the taxes and does not affect your assessment. More information on the exemption can be found in guidelines released from Michigan Department of Treasury.
  • You also may be able to claim a property tax credit on your personal income tax return if (1) your homestead is located in Michigan; (2) you were a Michigan resident at least six months of the tax year; and (3) you pay property taxes or rent on your Michigan homestead.
  • There are income limits on who may claim a property tax credit and you can have only one homestead at a time. A vacation home or income property is not considered your homestead.
  • Low-income families may be eligible for the Home Heating Credit, funded through the federal Low Income Home Energy Assistance Program. Further information can be found on Michigan's government website and at the LIHEAP website.
Inheritance and estate taxes
  • Michigan does not collect an inheritance tax.
  • Since its estate tax was related to federal estate tax collection, the phasing out of the federal statute means Michigan no longer collects an estate tax.
Other Michigan tax facts
 
Assistance is available at the Michigan Department of Treasury website.

To download tax forms on this site, you will need to install a free copy of Adobe Acrobat Reader. Click here for instructions.

advertisement

Compare Rates
advertisement
Overnight Averages
Product Rate +/- Last week
30 yr fixed
3.89%
3.85%
15 yr fixed
3.21%
3.18%
5/1 ARM
2.88%
2.85%
View rates in your area:
Product Rate +/- Last week
30K HELOC
4.77%
4.80%
30K Home Equity Loan
5.94%
5.99%
50K HELOC
4.32%
4.35%
View rates in your area:
Product Rate +/- Last week
48 Mo Used Car
4.80%
4.24%
48 Mo New Car
3.62%
3.63%
36 Mo Used Car
4.88%
4.87%
View rates in your area:
Product Yield +/- Last week
6 Mo CD
0.47%
0.47%
1 Yr CD
0.75%
0.75%
5 Yr CD
1.54%
1.56%
Compare rates:
Product Rate
Low Interest Cards 10.78%
Balance Transfer Cards 16.14%
All Variable 14.49%
Compare rates:  
Looking for FREE tax advice?
From Federal and State tax law changes, to rates and tools, our expert advice will help you stay informed.
advertisement
More than 112 million taxpayers filed their returns electronically last year. If the 2012 filing season follows the trend of recen
Partner Center
advertisement
Bankrate on Facebook