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Reliance on Personal Property Taxation

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

Ontonagon 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
Bergland Twp $7.425 $0.753 10.1% $14.439 $1.087 7.5% $0.334 44.4%
Bohemia Twp $2.501 $0.106 4.2% $2.885 $0.151 5.2% $0.045 42.0%
Carp Lake Twp $23.205 $0.971 4.2% $26.335 $6.083 23.1% $5.112 526.7%
Greenland Twp $7.481 $0.776 10.4% $9.691 $1.576 16.3% $0.801 103.2%
Haight Twp $3.839 $0.285 7.4% $5.498 $0.409 7.4% $0.124 43.6%
Interior Twp $3.216 $0.301 9.4% $4.623 $0.372 8.0% $0.071 23.6%
Matchwood Twp $2.375 $0.346 14.6% $3.215 $0.377 11.7% $0.030 8.8%
McMillan Twp $6.028 $0.536 8.9% $7.390 $0.676 9.1% $0.140 26.2%
Ontonagon Twp $40.557 $11.658 28.7% $50.250 $13.283 26.4% $1.625 13.9%
Rockland Twp $7.588 $0.309 4.1% $12.399 $0.645 5.2% $0.336 108.8%
Stannard Twp $8.438 $1.072 12.7% $10.509 $1.239 11.8% $0.167 15.6%
Totals $112.652 $17.112 15.2% $147.234 $25.898 17.6% $8.786 51.3%

6 municipalities increased their reliance on personal property, 5 decreased.

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