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CRC Online Almanac

Reliance on Personal Property Taxation

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

Luce 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
Columbus Twp $2.731 $0.118 4.3% $4.903 $0.107 2.2% $ (0.010) -8.8%
Lakefield Twp $11.439 $0.272 2.4% $22.661 $0.449 2.0% $0.177 65.3%
McMillan Twp $25.701 $1.589 6.2% $49.143 $6.517 13.3% $4.928 310.1%
Pentland Twp $12.080 $0.949 7.9% $21.959 $1.889 8.6% $0.941 99.1%
Totals $51.952 $2.927 5.6% $98.666 $8.962 9.1% $6.035 206.2%

2 municipalities increased their reliance on personal property, 2 decreased.

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