Center Line Public Schools

Skip to main content
Mobile Menu
Center Line Public Schools is THE place to be. We have worked very hard to provide a place and a program for EVERY STUDENT!
Search
Budget Salary MI School
Miscellaneous » Bond Information » Tax Calculator

Tax Calculator

Bond Tax Calculator

Use the online tax calculator to see what your actual tax increase would be if the November 7th school bond passes:
http://www.pfmtaxcalc.com/CenterLine
 
The Michigan Homestead Property Tax Credit may benefit households that pay homestead property taxes greater than 3.5% of their annual income.  Eligible households may deduct part of the millage increase cost up to a $1,200 Homestead Tax Credit limit.  The eligibility of credit begins to decrease after household income exceeds $41,001 and ends complete after the household income exceeds $50,001. 
 

Current review of property values show the average Center Line home to be worth about $80,000 (or an SEV of $40,000).  Using the tax calculator at http://www.pfmtaxcalc.com/centerline to input SEVs ranging from $30,000 to $40,000 with various household incomes, the overall tax increase would be as follows:

 

SEV

(half of home’s actual value)

Household Income

Tax Increase – Year

Tax Increase - Daily

$40,000

$100,000+

$196.00

$0.54

$40,000

$60,000

$196.00

$0.54

$40,000

$50,000

$184.24

$0.50

$40,000

$40,000

$78.40

$0.21

 

SEV

(half of home’s actual value)

Household Income

Tax Increase – Year

Tax Increase - Daily

$35,000

$100,000+

$171.50

$0.47

$35,000

$60,000

$171.50

$0.47

$35,000

$50,000

$161.21

$0.44

$35,000

$40,000

$68.60

$0.19

 

SEV

(half of home’s actual value)

Household Income

Tax Increase – Year

Tax Increase - Daily

$30,000

$100,000+

$147.00

$0.40

$30,000

$60,000

$147.00

$0.40

$30,000

$50,000

$138.18

$0.38

$30,000

$40,000

$58.80

$.016