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Reliance on Personal Property Taxation

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

Charlevoix 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
Bay Twp $24.174 $0.448 1.9% $67.962 $0.898 1.3% $0.450 100.3%
Boyne City $50.475 $4.850 9.6% $98.244 $8.869 9.0% $4.019 82.8%
Boyne Valley Twp $23.409 $2.187 9.3% $39.119 $6.351 16.2% $4.164 190.4%
Chandler Twp $6.347 $3.446 54.3% $15.154 $10.182 67.2% $6.736 195.5%
Charlevoix City $76.774 $2.845 3.7% $143.954 $13.049 9.1% $10.204 358.7%
Charlevoix Twp $38.705 $10.135 26.2% $99.037 $17.932 18.1% $7.798 76.9%
East Jordan City $22.602 $4.655 20.6% $44.904 $13.623 30.3% $8.968 192.7%
Evangeline Twp $18.095 $0.336 1.9% $35.314 $0.539 1.5% $0.203 60.2%
Eveline Twp $53.116 $0.982 1.8% $119.922 $2.590 2.2% $1.608 163.7%
Hayes Twp $52.492 $4.757 9.1% $88.242 $4.226 4.8% $ (0.530) -11.1%
Hudson Twp $11.441 $0.866 7.6% $19.225 $5.945 30.9% $5.079 586.5%
Marion Twp $16.077 $0.905 5.6% $36.597 $1.977 5.4% $1.072 118.4%
Melrose Twp $29.045 $0.675 2.3% $55.569 $1.441 2.6% $0.766 113.5%
Norwood Twp $10.916 $0.434 4.0% $24.433 $1.077 4.4% $0.644 148.4%
Peaine Twp $13.196 $0.224 1.7% $32.987 $0.595 1.8% $0.371 165.2%
St. James Twp $9.780 $0.407 4.2% $24.629 $0.556 2.3% $0.149 36.6%
South Arm Twp $22.097 $2.096 9.5% $46.083 $3.345 7.3% $1.249 59.6%
Wilson Twp $13.901 $0.859 6.2% $30.915 $2.716 8.8% $1.856 216.0%
Totals $492.640 $41.107 8.3% $1,022.290 $95.911 9.4% $54.803 133.3%

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

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