Michigan Property Tax Calculator
Estimate your annual property taxes in Michigan. Calculate assessed value and apply Michigan average millage rates.
Why calculating finance in Michigan is different
Michigan has a flat income tax system.
State Income Tax
4.05%
Base Sales Tax
6%
State Min Wage
$10.33 / hr
Abbreviation
MI
Michigan Finance Interactive Tool
This calculator uses the latest 2026 data for Michigan, including the minimum wage of $10.33 and the specific state income tax rates (4.05%).
Frequently Asked Questions about Michigan Finance
How are property taxes assessed in Michigan?
Property taxes in Michigan are generally assessed at the local county or municipal level based on the fair market value of the property, multiplied by the local millage or tax rate.
Are there property tax exemptions in Michigan?
Yes, Michigan often provides homestead exemptions for primary residences, as well as specific exemptions for seniors, veterans, and individuals with disabilities, which can significantly lower your tax bill.