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RIVER VALLEY SCHOOL DISTRICT

Stauder, Barch & Associates, Inc.

Public Financial Consultants

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 property

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

for bonding proposals supported by millage.

of household income that exceeds $73,650.

> 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 homstead property

households with incomes less than $82,650 which pay

> This program considers most of the factors that influence

at least 3.50% of household income in property taxes.

the tax impact. It does make a few assumptions.

Click here for Assumptions and Entry Form >

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