Bond Proposal FAQ

Merrill Community School District

Estimated Millage Calculator

Please input your estimated market value:
Estimated taxable value:[1]
Estimated millage increase for this bond proposal:
Estimated increase in annual property tax bill increase:
Estimated increase in monthly property tax bill increase:

[1] For estimation purposes, this is assumed to be ½ of estimated market value entered. Taxable value is the value utilized for property tax calculation purposes. For your exact taxable value contact your applicable governing unit assessors office.

Note: Community Members may be eligible for the Michigan Homestead Property Tax Credit (the "Credit"). The Credit is a method through which some taxpayers can receive a credit for an amount of their property taxes that exceeds a certain percentage of household income. This program establishes categories under which homeowners or renters are eligible. We would recommend that community members consult their tax provider for eligibility and further information.

The above is an ESTIMATE of your net tax impact from the increase in millage for the above proposed bond issue. It is an estimate only and should not be relied upon as tax advice. You should consult your tax advisor to determine the exact impact on your tax computations.

Bond Proposal FAQ