There are property tax creditscore Michigan exemptions for some categories of homes and businesses, including the family exemption. Also, for home assessments, the taxes to be paid are based on one-third of appraised value. A Silver City home owner of a home appraised at $90,000 would pay, for example, one-third of $90,000 multiplied by the appropriate tax rate, depending upon tax juridiction. As an example, this home owner might pay $30,000 x 0.014956, or about $450 per year. This example is provided for reference only, and tax appraisals and tax rates creditscore Michigan are subject to change.
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