Michigan Homestead Property Tax Credit for Senior Citizens and other Eligible Households

Michigan Homestead Property Tax Credit

Households that pay homestead property taxes greater than 3.2% of their annual income may be eligible for 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:

Michigan Homestead Property Tax Credit Table

Ida Homestead Property Tax Credit Model Online Calculator

https://pfmtaxcalc.com/IdaPublicSchoolDistrict/default.aspx

https://www.michigan.gov/documents/taxes/MI-1040CR_711858_7.pdf