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Reliance on Personal Property Taxation

(1988 State Equalized Value and 1998 Taxable Value in millions of dollars)
 

Antrim County

--------------1988-------------- --------------1998-------------- Personal Property 1988-1998
Municipalities Total Property Personal Property Ratio of Personal to Total Property Total Property Personal Property Ratio of Personal to Total Property Dollar Change Percent Change
Banks Twp $24.501 $0.803 3.3% $46.016 $1.354 2.9% $0.550 68.5%
Central Lake Twp $32.893 $1.337 4.1% $67.948 $2.574 3.8% $1.237 92.5%
Chestonia Twp $5.640 $0.463 8.2% $10.766 $2.949 27.4% $2.486 536.9%
Custer Twp $29.907 $1.710 5.7% $51.711 $4.387 8.5% $2.677 156.6%
Echo Twp $9.481 $0.344 3.6% $16.670 $0.809 4.9% $0.465 135.0%
Elk Rapids Twp $46.339 $1.704 3.7% $121.454 $4.411 3.6% $2.706 158.8%
Forest Home Twp $44.716 $0.619 1.4% $102.764 $1.127 1.1% $0.508 82.1%
Helena Twp $24.432 $0.431 1.8% $60.085 $0.895 1.5% $0.464 107.7%
Jordan Twp $6.706 $0.277 4.1% $16.318 $4.096 25.1% $3.819 1378.6%
Kearney Twp $40.437 $4.682 11.6% $68.456 $9.512 13.9% $4.829 103.1%
Mancelona Twp $42.427 $4.065 9.6% $59.842 $11.451 19.1% $7.386 181.7%
Milton Twp $56.447 $0.681 1.2% $151.636 $1.597 1.1% $0.916 134.5%
Star Twp $15.944 $0.325 2.0% $21.161 $2.236 10.6% $1.911 588.2%
Torch Lake Twp $38.378 $0.445 1.2% $115.153 $0.969 0.8% $0.524 117.8%
Warner Twp $4.890 $0.156 3.2% $13.233 $5.981 45.2% $5.825 3728.7%
Totals $423.139 $18.043 4.3% $923.212 $54.347 5.9% $36.305 201.2%

8 municipalities increased their reliance on personal property, 7 decreased.

Source: Michigan State Tax Commission, 1988 and 1998 Taxable Valuations.