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Hermansville
Hermansville
Michigan
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2 out of 5 stars based on 0 ratings
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Hermansville is an unincorporated community in the Meyer Township of Menominee County in the U.S. state of Michigan. It formed around the defunct Wisconsin Land & Lumber Company as a company town . The company's former headquarters is open as the IXL Historical Museum. U.S. Route 2 passes through the north edge of the community. Hermansville was established in 1878. The community was named for the son of the original owner of the town site.

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Taxes

B

How did Michigan earn the grade of B? We examined the state taxes based on how age friendly they are. Michigan has a state sales tax of 6.00%. Of particular interest is that Michigan does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. Michigan has an effective property tax rate of 1.71%. Weighing these taxes and other taxes most likely to impact the aging population is how Michigan earned its state tax grade of B.

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