GRAND RAPIDS, Mich. (Michigan News Source) – The city of Grand Rapids income tax revenue reached a record-level $136.8 million in 2024 as the city is seeing an infusion of more affluent people.

The city collected $81.9 million in income tax in 2015, which inflates to $107.9 million when adjusted for inflation. The $136.8 million in 2024 was 27% higher than the inflation-adjusted 2015 total.

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Grand Rapids imposes a 1.5% income tax on residents and a 0.75% income tax on nonresidents that commute to the city.

The local income tax is the biggest generator of tax revenues for the city. After the $136.8 million in income tax, the city’s second-highest tax generator in 2024 was $55.4 million in property taxes. The data was in a report the city filed with the Michigan Treasury this month.

The city’s income tax collection reached $105 million in 2019 but after the pandemic hit, it dropped to $104.6 million in 2020 and $101.8 million in 2021.

A sample of local income tax returns showed there has been an increase of people making $100,000 or more living inside and working inside the city.

The number of residents filing individual and joint returns making $100,000 or more increased from 4,079 in 2015 to 8,986 in 2024, based on a review of 48% of the total returns. The number of non-residents making $100,000 more over that time period has increased from 4,737 to 6,566.

There are 24 cities in Michigan that impose an income tax.

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