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CRC Online Almanac |
Reliance on Personal Property Taxation
(1988 State Equalized Value and 1998 Taxable Value in millions of dollars)
Gogebic 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 |
| Bessemer City | $12.390 | $0.918 | 7.4% | $20.488 | $2.336 | 11.4% | $1.418 | 154.5% |
| Bessemer Twp | $13.691 | $2.040 | 14.9% | $22.626 | $5.642 | 24.9% | $3.602 | 176.5% |
| Erwin Twp | $3.179 | $0.334 | 10.5% | $4.825 | $0.307 | 6.4% | $ (0.027) | -8.0% |
| Ironwood City | $40.835 | $5.505 | 13.5% | $59.920 | $8.749 | 14.6% | $3.243 | 58.9% |
| Ironwood Charter Twp | $28.163 | $2.552 | 9.1% | $43.667 | $5.900 | 13.5% | $3.347 | 131.2% |
| Marenisco Twp | $16.572 | $7.222 | 43.6% | $22.623 | $6.451 | 28.5% | $ (0.771) | -10.7% |
| Wakefield City | $10.366 | $0.750 | 7.2% | $14.134 | $0.920 | 6.5% | $0.170 | 22.6% |
| Wakefield Twp | $17.507 | $7.560 | 43.2% | $25.865 | $14.171 | 54.8% | $6.611 | 87.4% |
| Watersmeet Twp | $31.819 | $4.533 | 14.2% | $65.957 | $13.898 | 21.1% | $9.365 | 206.6% |
| Totals | $174.523 | $31.415 | 18.0% | $280.105 | $58.374 | 20.8% | $26.959 | 85.8% |
6 municipalities increased their reliance on personal property, 3 decreased.
Source: Michigan State Tax Commission, 1988 and 1998 Taxable Valuations.