On May 7th, 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.
12 days 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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