TaxCalc® for ABC School

Stauder, Barch & Associates, Inc.

Public Financial Consultants

Use this calculator to estimate the after tax impact of the [election date] bond proposal.

3989 Research Park Drive

Ann Arbor, Michigan, 48108

Phone: 734-668-6688 E-mail: info@stauderbarch.com

INTRODUCTION

> TaxCalc estimates the after-tax impact on homestead

> The homestead tax credit is reduced by 10% for each $1,000

property for bonding proposals supported by millage.

of household income that exceeds $41,000.

> Property tax adjustments affect the amount of homestead

> The maximum homestead tax credit is $1,200.

property tax credit (if applicable) for state income tax.

> TaxCalc also considers the impact of property tax deductions

on federal income tax by estimating the marginal tax bracket.

> The homestead tax credit applies to homestead property

with Taxable Value of $135,000 or less and

> This program considers most of the factors that influence

households with incomes less than $50,000 which pay

the tax impact. It does make a few assumptions.

at least 3.50% of household income in property taxes.

Click here for Assumptions and Entry Form >

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