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Safe, Dry, Warm

Thank you to our LP voters for your support and the successful passage of this proposal!!
 
Below is the information that was used to inform the voters of the May 2019 Safe, Dry, Warm Bond Proposal. 
 
COMING SOON, updates and information about the bond's implementation.  
 
 
 
 
 
 
 

Community Bond Message Video

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Tax Calculator and Tax Credit Opportunities

The increase in taxes could potentially be offset by the Michigan Homestead Property Tax Credit.  Below is a summary of the revised Michigan Homestead Property Tax Credit:

Michigan Homestead Property Tax Credit – Households that pay homestead property taxes greater than 3.2% of their annual income may also be eligible for the Michigan’s Homestead Property Tax Credit.  Eligible households may deduct up to 60% (up to 100% for senior citizens, please see the senior credit table below) of the millage increase cost up to a $1,500 Homestead Tax Credit limit.  The eligibility for the credit begins to decrease after household income exceeds $51,001 and ends completely after the household income exceeds $60,001.  Please see below the general reduction table and senior credit table below:

 

General Credit Reduction

 

Senior Credit

 

Resources

% of credit

Resources

% Credit

$51,000

100.00%

$21,000

100%

$51,001

90.00%

$21,001

96%

$52,001

80.00%

$22,001

92%

$53,001

70.00%

$23,001

88%

$54,001

60.00%

$24,001

84%

$55,001

50.00%

$25,001

80%

$56,001

40.00%

$26,001

76%

$57,001

30.00%

$27,001

72%

$58,001

20.00%

$28,001

68%

$59,001

10.00%

$29,001

64%

$60,001

0.00%

$30,001

60%

 
Click Here for an easy to use calculator to get an exact estimate for YOU!