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.

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