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Michigan Income Tax Calculator - SmartAsset

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Taxes in MichiganMichigan State Tax Quick FactsIncome tax: 4.05% flat rateLocal income tax: 0% - 2.40%Sales tax: 6%Property tax: 1.48% average effective rateGas tax: 27 cents per gallon of regular gasoline and dieselThe Great Lakes State has made a number of changes to its tax code in recent years. In 2012, Michigan’s statewide flat tax rate fell from 4.35% to 4.25% and it dropped further to 4.05% in 2023, although the city income taxes levied by 24 Michigan cities, including Detroit, were untouched. At the same time, Michigan increased its personal exemption.Michigan has a single sales tax rate of 6%. Elected officials have proposed raising the sales tax to help fund transportation infrastructure spending, but all proposals have been rejected in recent years. However, Michigan has raised its gas tax to one of the highest rates in the country.A financial advisor can help you understand how taxes fit into your overall financial goals. Finding a financial advisor doesn't have to be hard....

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