30 States With No Estate Taxes or Inheritance Taxes

Michigan

Overall Rating for Taxes on Retirees: Mixed tax picture

State Sales Tax: State levy of 6%.

State Income Tax Range: Michigan has a flat tax rate of 4.25%. Cities can levy income taxes as well, on both residents and non-residents (who are taxed 1/2 the rate of residents). In Detroit, the resident rate is 2.4%; the state average is 1.70%, according to the Tax Foundation.

State Taxes on Social Security: Social Security benefits are not taxed in Michigan.

Property Taxes: The median property tax on Michigan’s median home value of $122,400 is $2,174.

PREV 1 ... 14 15 16 ... 31NEXT

Leave a Comment

Your email address will not be published. Required fields are marked *

related posts