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Reliance on Personal Property Taxation

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

Otsego 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
Bagley Twp $78.323 $10.514 13.4% $153.725 $24.725 16.1% $14.211 135.2%
Charlton Twp $47.023 $21.343 45.4% $80.576 $34.068 42.3% $12.725 59.6%
Chester Twp $37.568 $18.145 48.3% $82.702 $48.712 58.9% $30.567 168.5%
Corwith Twp $22.514 $2.702 12.0% $36.778 $4.758 12.9% $2.056 76.1%
Dover Twp $12.935 $1.550 12.0% $29.122 $7.043 24.2% $5.493 354.4%
Elmira Twp $14.580 $1.195 8.2% $39.982 $7.496 18.7% $6.301 527.5%
Gaylord City $53.673 $6.430 12.0% $122.914 $23.236 18.9% $16.806 261.4%
Hayes Twp $33.387 $5.258 15.7% $68.918 $20.053 29.1% $14.795 281.4%
Livingston Twp $28.475 $5.723 20.1% $58.707 $14.089 24.0% $8.365 146.2%
Otsego Lake Twp $53.900 $4.468 8.3% $99.783 $11.791 11.8% $7.323 163.9%
Totals $382.377 $77.330 20.2% $773.207 $195.971 25.3% $118.641 153.4%

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

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