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Reliance on Personal Property Taxation

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

Iosco 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
Alabaster Twp $17.409 $2.503 14.4% $34.441 $4.264 12.4% $1.761 70.4%
Au Sable Charter Twp $34.570 $2.184 6.3% $62.870 $6.181 9.8% $3.997 183.0%
Baldwin Twp $35.584 $3.935 11.1% $70.361 $8.610 12.2% $4.676 118.8%
Burleigh Twp $9.480 $0.267 2.8% $14.438 $0.816 5.7% $0.549 205.9%
East Tawas City $32.444 $1.964 6.1% $52.569 $2.390 4.5% $0.426 21.7%
Grant Twp $22.361 $2.275 10.2% $43.100 $2.930 6.8% $0.656 28.8%
Oscoda Charter Twp $100.768 $5.766 5.7% $175.233 $16.571 9.5% $10.806 187.4%
Plainfield Twp $57.154 $2.085 3.6% $117.864 $3.851 3.3% $1.766 84.7%
Reno Twp $9.268 $0.708 7.6% $14.079 $1.460 10.4% $0.752 106.1%
Sherman Twp $8.423 $1.398 16.6% $12.197 $2.194 18.0% $0.796 57.0%
Tawas City $24.386 $2.057 8.4% $37.699 $4.402 11.7% $2.345 114.0%
Tawas Twp $15.667 $0.719 4.6% $27.705 $1.493 5.4% $0.774 107.7%
Whittemore City $2.978 $0.143 4.8% $3.391 $0.267 7.9% $0.124 86.6%
Wilber Twp $11.759 $0.502 4.3% $18.643 $0.641 3.4% $0.139 27.7%
Totals $382.251 $26.504 6.9% $684.589 $56.071 8.2% $29.566 111.6%

9 municipalities increased their reliance on personal property, 5 decreased.

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