State & Local Tax Structure
Michigan Taxes
Corporate Tax
In January 2012, Michigan's general business tax will replace the Michigan Business Tax. The new general business tax is a corporate income structure, C-corporations pay 6% on federal tax apportioned to Michigan. Other entities - individuals, partnerships, LLCs - will have income flow to their personal income tax.
The new tax will reduce business taxes by an estimated 86%. Michigan's overall business tax climate ranking is now 13th in the U.S., according to the Tax Foundation.
Michigan’s sales tax is 6%.
No city income tax has been levied anywhere in Washtenaw County
Local sales taxes are not allowed anywhere in Michigan
Sales tax exemption for industrial machinery and equipment, pollution control equipment, and energy used in manufacturing.
Local taxes
Real and property tax is based on a millage rate (1 mill = $1 per $1000 taxable value) applied to the State Equalized Value of the property. Non-residential property is taxed at the non-homestead rate. Property taxes for sites in Washtenaw County can be estimated with this property tax calculator: www.michigan.gov/propertytaxestimator There's an automatic 24-mill reduction on industrial personal property.
Property tax exemptions for inventory and special tooling and pollution control equipment