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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.