What will the bond proposal cost?

For the owner of an average home of $75,000 in Bay City, the bond proposal would cost an estimated $61.13 annually—or $5.09 per month. A Homestead Tax Credit is available for many senior citizens. If voters approve the bonding proposal, many senior citizens will pay $0 additional property tax. This is because seniors may qualify for the Michigan Homestead Property Tax Credit, which credits back up to $1,200 in property taxes, depending on household income. In addition, individuals may qualify for federal credits as well.

Return to Bond Home