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City of Detroit
Wayne County
Wayne County Community College
Huron Clinton Metropolitan Authority
Wayne County Intermediate School District
Detroit Board of Education
State of Michigan
NET MILLAGE RATE |
32.0600
7.9220
2.4769
0.2146
3.4643
30.8308
6.0000
82.9686 |
PROPERTY TAX
Real estate is assessed at 50% of market value, on an annual basis.
PERSONAL INCOME TAX
City of Detroit
- Resident 2.50%
- Non-resident 1.25%
State of Michigan 4.35%
STATE SALES TAX 6.0%
(Michigan’s sales tax equals the U.S. average.)
UTILITY USER TAX
- DTE (gas) 5%
- DTE (electric) 5%
- Water Department 5%
CORPORATE TAXES
- Michigan Business Tax
- Michigan’s general tax on business is the Michigan Business Tax (MBT). Business income is taxed at a rate of 4.95%. Modified gross receipts tax (sales minus purchases from other firms) at a rate of 0.8%. Banks pay alternate net capital tax (net worth at a rate of 0.235%). Insurance tax rate increased from 1.07% to 1.25% (current credits retained).
- City of Detroit Corporate Income Tax 1%