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Reliance on Personal Property Taxation

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

Lapeer 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
Almont Twp $53.675 $2.904 5.4% $128.635 $10.704 8.3% $7.800 268.6%
Arcadia Twp $25.985 $1.260 4.8% $58.000 $3.086 5.3% $1.825 144.9%
Attica Twp $39.998 $3.219 8.0% $87.526 $8.042 9.2% $4.823 149.8%
Brown City $0.006 $0.000 N/A $0.071 $0.000 N/A N/A N/A
Burlington Twp $15.200 $0.746 4.9% $23.025 $2.076 9.0% $1.330 178.3%
Burnside Twp $21.376 $1.566 7.3% $35.464 $2.397 6.8% $0.831 53.1%
Deerfield Twp $43.585 $1.627 3.7% $93.039 $5.678 6.1% $4.052 249.1%
Dryden Twp $50.842 $3.194 6.3% $123.066 $5.476 4.4% $2.282 71.5%
Elba Twp $52.099 $1.980 3.8% $122.820 $6.488 5.3% $4.508 227.7%
Goodland Twp $17.728 $0.903 5.1% $34.798 $1.804 5.2% $0.901 99.7%
Hadley Twp $51.271 $2.149 4.2% $126.542 $3.666 2.9% $1.517 70.6%
Imlay City $31.238 $4.436 14.2% $66.939 $16.041 24.0% $11.605 261.6%
Imlay Twp $26.758 $2.186 8.2% $53.811 $6.786 12.6% $4.600 210.4%
Lapeer City $82.464 $12.991 15.8% $155.348 $32.743 21.1% $19.752 152.0%
Lapeer Twp $56.563 $3.811 6.7% $117.418 $7.224 6.2% $3.413 89.6%
Marathon Twp $36.443 $3.455 9.5% $61.313 $2.904 4.7% $ (0.551) -15.9%
Mayfield Twp $70.990 $8.035 11.3% $130.443 $11.558 8.9% $3.523 43.8%
Metamora Twp $53.776 $2.516 4.7% $139.730 $6.267 4.5% $3.751 149.1%
North Branch Twp $27.746 $1.750 6.3% $52.276 $3.181 6.1% $1.431 81.8%
Oregon Twp $58.785 $3.810 6.5% $109.566 $4.474 4.1% $0.664 17.4%
Rich Twp $16.614 $3.261 19.6% $25.031 $4.232 16.9% $0.971 29.8%
Totals $833.143 $65.800 7.9% $1,744.859 $144.828 8.3% $79.029 120.1%

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

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