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Reliance on Personal Property Taxation

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

Lake 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
Chase Twp $9.443 $0.468 5.0% $14.898 $0.871 5.8% $0.403 86.2%
Cherry Valley Twp $4.796 $0.258 5.4% $6.658 $0.274 4.1% $0.017 6.4%
Dover Twp $4.887 $0.271 5.5% $6.579 $0.741 11.3% $0.470 173.3%
Eden Twp $5.928 $0.180 3.0% $10.050 $0.295 2.9% $0.116 64.3%
Elk Twp $17.004 $0.450 2.6% $31.769 $0.754 2.4% $0.304 67.5%
Ellsworth Twp $8.570 $0.325 3.8% $12.455 $0.528 4.2% $0.203 62.4%
Lake Twp $25.492 $0.398 1.6% $45.719 $0.998 2.2% $0.600 150.6%
Newkirk Twp $8.957 $0.247 2.8% $12.141 $0.407 3.4% $0.160 64.7%
Peacock Twp $10.915 $0.341 3.1% $15.256 $0.518 3.4% $0.177 52.0%
Pinora Twp $7.502 $1.192 15.9% $9.319 $0.972 10.4% $ (0.221) -18.5%
Pleasant Plains Twp $22.648 $1.184 5.2% $34.796 $1.901 5.5% $0.717 60.5%
Sauble Twp $8.723 $0.173 2.0% $12.573 $0.237 1.9% $0.063 36.7%
Sweetwater Twp $5.461 $0.742 13.6% $6.602 $0.733 11.1% $ (0.009) -1.2%
Webber Twp $12.727 $1.110 8.7% $19.355 $1.483 7.7% $0.373 33.6%
Yates Twp $10.923 $0.375 3.4% $15.110 $0.666 4.4% $0.290 77.3%
Totals $163.977 $7.716 4.7% $253.278 $11.379 4.5% $3.663 47.5%

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

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