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Reliance on Personal Property Taxation

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

Montmorency 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
Albert Twp $40.786 $1.718 4.2% $89.355 $14.382 16.1% $12.664 737.0%
Avery Twp $9.260 $0.184 2.0% $19.288 $5.515 28.6% $5.331 2889.8%
Briley Twp $23.303 $1.459 6.3% $46.993 $12.286 26.1% $10.827 742.0%
Hillman Twp $30.647 $1.903 6.2% $51.201 $12.053 23.5% $10.151 533.5%
Loud Twp $5.177 $0.146 2.8% $15.466 $7.692 49.7% $7.546 5170.3%
Montmorency Twp $30.762 $1.457 4.7% $44.647 $1.956 4.4% $0.500 34.3%
Rust Twp $10.619 $0.421 4.0% $23.077 $8.227 35.6% $7.805 1852.7%
Vienna Twp $9.932 $0.744 7.5% $27.487 $12.944 47.1% $12.201 1640.8%
Totals $160.486 $8.032 5.0% $317.514 $75.056 23.6% $67.024 834.4%

7 municipalities increased their reliance on personal property, 1 decreased.

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