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Reliance on Personal Property Taxation

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

Menominee 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
Cedarville Twp $6.606 $0.126 1.9% $9.135 $0.227 2.5% $0.101 80.4%
Daggett Twp $7.731 $0.280 3.6% $9.535 $0.453 4.8% $0.173 61.7%
Faithorn Twp $4.301 $0.152 3.5% $5.674 $0.197 3.5% $0.045 29.4%
Gourley Twp $4.791 $0.195 4.1% $6.657 $0.265 4.0% $0.070 35.7%
Harris Twp $14.254 $0.841 5.9% $18.668 $1.613 8.6% $0.772 91.8%
Holmes Twp $11.854 $0.895 7.5% $15.629 $1.331 8.5% $0.436 48.8%
Ingallston Twp $15.389 $0.333 2.2% $22.048 $0.609 2.8% $0.275 82.6%
Lake Twp $10.472 $0.240 2.3% $13.700 $0.418 3.1% $0.178 73.9%
Mellen Twp $13.598 $0.758 5.6% $17.673 $0.780 4.4% $0.022 2.8%
Menominee City $84.010 $12.414 14.8% $119.255 $24.107 20.2% $11.693 94.2%
Menominee Twp $38.076 $1.824 4.8% $54.192 $2.577 4.8% $0.753 41.3%
Meyer Twp $9.497 $0.860 9.1% $11.890 $1.110 9.3% $0.250 29.0%
Nadeau Twp $15.443 $2.151 13.9% $17.937 $1.666 9.3% $ (0.485) -22.6%
Spalding Twp $16.917 $1.688 10.0% $20.566 $2.766 13.4% $1.077 63.8%
Stephenson City $7.578 $0.401 5.3% $8.778 $0.369 4.2% $ (0.032) -8.0%
Stephenson Twp $7.921 $0.325 4.1% $10.357 $0.419 4.0% $0.093 28.7%
Totals $268.438 $23.485 8.7% $361.695 $38.905 10.8% $15.420 65.7%

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

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