On August 6th, Gwinn Area Community Schools is requesting a Building & Site Sinking Fund at 1.75 mills for 10 years. From now until the election, information will be posted here for the public to view.
2 months ago
The website below will estimate the impact on a taxpayer’s annual tax bill if the sinking fund election is successful. Click on the text below and it will open in a new window.
Revised Michigan Homestead Property Tax Credit Summary:
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
% of credit
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