MIY (Blackrock Muniyield Michigan Quality Fund) Tax Rate %: 0.00% (As of Jan. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIY Blackrock Muniyield Michigan Quality Fund Inc MIY
34 GF Score
Price $12.23
! 3 Warning Signs
View Full Analysis

What is Blackrock Muniyield Michigan Quality Fund Tax Rate %?

Blackrock Muniyield Michigan Quality Fund MIY +0.66% 34 Tax Rate % is 0.00% as of Jan. 2026. GuruFocus rates MIY with a GF Score™ of 34/100. The stock has 3 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Blackrock Muniyield Michigan Quality Fund's Tax Expense for the six months ended in Jan. 2026 was $0.00 Mil. Blackrock Muniyield Michigan Quality Fund's Pre-Tax Income for the six months ended in Jan. 2026 was $29.64 Mil. Therefore, Blackrock Muniyield Michigan Quality Fund's Tax Rate % for the quarter that ended in Jan. 2026 was 0.00%.

Blackrock Muniyield Michigan Quality Fund Tax Rate % Related Terms

Blackrock Muniyield Michigan Quality Fund Tax Rate % Historical Data

* Premium members only.

The historical data trend for Blackrock Muniyield Michigan Quality Fund's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Blackrock Muniyield Michigan Quality Fund Tax Rate % Chart

Blackrock Muniyield Michigan Quality Fund Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Blackrock Muniyield Michigan Quality Fund Semi-Annual Data
Jul15 Jul16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
MIY
34GF Score
Blackrock Muniyield Michigan Quality Fund Inc MIY
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackrock Muniyield Michigan Quality Fund Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Blackrock Muniyield Michigan Quality Fund's Tax Rate % for the fiscal year that ended in Jul. 2025 is calculated as

Tax Rate %=Tax Expense (A: Jul. 2025 )/Pre-Tax Income (A: Jul. 2025 )
=0/-20.791
=0.00 %

Blackrock Muniyield Michigan Quality Fund's Tax Rate % for the quarter that ended in Jan. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Jan. 2026 )/Pre-Tax Income (Q: Jan. 2026 )
=0/29.641
=0.00 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 0.00% mean?
Blackrock Muniyield Michigan Quality Fund (MIY) has a Tax Rate % of 0.00% as of Jan. 2026.
Is Blackrock Muniyield Michigan Quality Fund's Tax Rate % too high?
Blackrock Muniyield Michigan Quality Fund's current Tax Rate % is 0.00%. Overall, Blackrock Muniyield Michigan Quality Fund has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Blackrock Muniyield Michigan Quality Fund's Tax Rate % compare to HIX and JGH?
Blackrock Muniyield Michigan Quality Fund's Tax Rate % of 0.00% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for an Asset Management company?
A good Tax Rate % depends on the Asset Management industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Blackrock Muniyield Michigan Quality Fund's current Tax Rate % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock Muniyield Michigan Quality Fund stock overvalued right now?
Blackrock Muniyield Michigan Quality Fund (MIY) has a current Tax Rate % of 0.00%. The current Tax Rate % is 0.00%. Blackrock Muniyield Michigan Quality Fund's overall GF Score™ is 34/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Blackrock Muniyield Michigan Quality Fund (MIY), the current Tax Rate % is 0.00% as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Blackrock Muniyield Michigan Quality Fund Business Description

Address 100 Bellevue Parkway, Wilmington, DE, USA, 19809
Blackrock Muniyield Michigan Quality Fund Inc is a closed end fund. Its investment objective is to provide shareholders with as high a level of current income exempt from U.S. federal income taxes and New York State and New York City personal income taxes as is consistent with its investment policies and prudent investment management.
34GF Score

Get the complete analysis for MIY

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.23
Price