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The WaterMark Center & Lofts is located in a State Designated Renaissance Zone. Residents of the WaterMark DO NOT PAY: Single Business Tax, State personal income tax, 6-mill state education tax, Local personal property tax, Local real property tax, Local income tax. |
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Gross Taxable Income Savings |
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Annual Gross Taxable Income |
Est. Monthly Tax Savings |
Est. Annual Tax Savings |
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$ 35K |
You save $ 145/month |
You save $ 1,740/year |
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$ 50K |
You save $ 208/month |
You save $ 2,496/year |
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$ 75K |
You save $ 312/month |
You save $ 3,744/year |
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$100K |
You save $ 416/month |
You save $ 4,992/year |
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With the WaterMark being your primary residence, you pay no local or state income tax.
Your tax savings will be approximately 3.9% for State Taxes and 1% for Local Taxes. |
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Property Tax Savings
City of Muskegon, Projected Annual Property Tax
Calculation Based on 2004 Millage Rates**
Estimated taxes include: County, MAISD, City, School Operation, School Debt, Hackley Library, State Education and Administration Fees. The following is based on a Primary Residence of $150,000 value, with assessed value* of $75,000 |
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Normal Est. Tax |
Renaissance Zone Est. Tax |
Property Tax Savings |
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$ 2,964/year |
$ 561/year |
You save $ 2,403/year |
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Note: For illustration purposes the assessed and taxable value is based on using 1/2 of estimated sales price. |
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Note: Millage rates based on most recent rates available as of 11/10/04. |
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