Michigan Department of Treasury
Recent News About Michigan Department of Treasury
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Individual income tax revenue down 39.5% from previous quarter in Michigan
The first quarter of 2025 brought in $2 billion in individual income tax revenue for Michigan, a 39.5% decrease from the fourth quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Property tax revenue down 95.5% from previous quarter in Michigan
The first quarter brought in $84 million in property tax revenue for Michigan, a 95.5% decrease from the fourth quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's Q4 2024 property tax revenue up 158.1% from previous quarter
The fourth quarter of 2024 brought in $1.9 billion in property tax revenue for Michigan, a 158.1% increase from the third quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's Q4 2024 individual income tax revenue down 7.1% from previous quarter
The fourth quarter of 2024 brought in $3.4 billion in individual income tax revenue for Michigan, a 7.1% decrease from the third quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan sees more property tax revenue in Q3 2024
The third quarter of 2024 brought in $730 million in property tax revenue for Michigan, a 425.2% increase from the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan sees more individual income tax revenue in Q3 2024
The third quarter of 2024 brought in $3.6 billion in individual income tax revenue for Michigan, an 18.1% increase from the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Higher individual income tax revenue in Michigan during Q2
The second quarter of 2024 brought in $3.1 billion in individual income tax revenue for Michigan, a 97.6% increase from the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Higher property tax revenue in Michigan during Q2
The second quarter brought in $139 million in property tax revenue for Michigan, a 65.5% increase from the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's Q1 individual income tax revenue down 49.9% from previous quarter
The first quarter brought in $1.6 billion in individual income tax revenue for Michigan, a 49.9% decrease from the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Property tax revenue down 94.9% from previous quarter in Michigan
The first quarter brought in $84 million in property tax revenue for Michigan, a 94.9% decrease from the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's Q3 2023 individual income tax revenue up 0.7% from previous quarter
The third quarter of 2023 brought in $3.2 billion in individual income tax revenue for Michigan, a 0.7% increase from the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's miscellaneous tax revenues down 18.7% since Q4 2023
Michigan collected $113 million in miscellaneous tax revenue during the fourth quarter of 2023, an 18.7% decrease from the same period the previous year when $139 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's miscellaneous tax revenues down 2.6% in Q4 2023
Michigan collected $113 million in miscellaneous tax revenue during the fourth quarter of 2023, a 2.6% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's individual income tax revenue up 6.9% as of Q4 2023 compared to Q4 2022
The fourth quarter of 2023 brought in $3.1 billion in individual income tax revenue for Michigan, a 6.9% increase from the same period in the previous year, according to the U.S. Census Bureau.
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Lower individual income tax revenue in Michigan during Q4 2023
The fourth quarter of 2023 brought in $3.1 billion in individual income tax revenue for Michigan, a 3.4% decrease from the third quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's Q4 2023 property tax revenue up 104.5% from previous quarter
The fourth quarter of 2023 brought in $1.6 billion in property tax revenue for Michigan, a 104.5% increase from the third quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's miscellaneous tax revenues down 32.6% since Q3 2023
Michigan collected $116 million in miscellaneous tax revenue during the third quarter of 2023, a 32.6% decrease from the same period the previous year when $172 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan's miscellaneous tax revenues up 17.2% in Q3 2023
Michigan collected $116 million in miscellaneous tax revenue during the third quarter of 2023, a 17.2% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Michigan: Individual income tax revenue down 5.3% as of Q3 2023 compared to Q3 2022
The third quarter of 2023 brought in $3.2 billion in individual income tax revenue for Michigan, a 5.3% decrease from the same period in the previous year, according to the U.S. Census Bureau.
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Michigan sees more property tax revenue in Q3 2023
The third quarter of 2023 brought in $802 million in property tax revenue for Michigan, a 568.3% increase from the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.