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Michigan Capital Gains Tax Calculator โ€” Updated 2026

State abbreviation: MI

Capital gains taxes in Michigan depend on federal rates plus your state rate of 4.25%. This affects how you plan property sales, stock dispositions, and investment strategies. Long-term capital gains (>1 year hold) are taxed at 0%, 15%, or 20% federally, plus your state tax if applicable.

Michigan Financial Data (2026)

State Tax Rate
4.25%
Property Tax Rate
1.56%
Median Home Price
$305,000
Avg Insurance Cost
$1,440/year
Cost of Living Index
95
State Abbreviation
MI