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CRC Online Almanac |
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.