Taxable Value as a Percent of State Equalized Value

(2000 Property Values)

MONROE COUNTY   --------------2000--------------  
Municipalities 1994 SEV Total TV Total SEV TV
as a Percent
of SEV
County Totals 3,574,945,246 4,516,473,282 5,217,216,871 86.6%
Ash 134,327,453 179,134,079 224,253,899 79.9%
Bedford 413,610,617 647,822,624 772,855,447 83.8%
Dundee 120,573,105 169,335,325 203,539,751 83.2%
Erie 69,717,890 92,923,122 114,554,991 81.1%
Exeter 57,903,300 79,656,904 103,691,461 76.8%
Ida 78,826,700 113,874,584 142,276,654 80.0%
Lasalle 94,952,920 119,945,971 146,787,170 81.7%
London 43,340,233 64,347,060 76,122,421 84.5%
Milan 37,076,750 45,427,306 59,539,730 76.3%
Raisinville 89,720,807 123,787,611 154,262,213 80.2%
Summerfield 56,595,608 80,219,772 106,582,869 75.3%
Whiteford 90,436,664 132,801,922 167,317,250 79.4%
Monroe 667,730,150 801,859,360 889,196,910 90.2%
Luna Pier 70,422,550 75,023,991 81,486,558 92.1%
Milan 66,460,170 87,189,482 91,433,303 95.4%
Petersburg 10,982,500 15,721,200 20,302,200 77.4%
Berlin Charter Township 120,716,504 165,144,648 196,531,791 84.0%
Frenchtown Charter Township 1,139,700,000 1,234,427,683 1,305,115,000 94.6%
Monroe Charter Township 211,851,325 287,830,638 361,367,253 79.7%

Source: Michigan State Tax Commission.

 

MICHIGAN ECONOMIC GROWTH AUTHORITY (MEGA)

MEGA grants are a combination of Single Business Tax and Income Tax credits, and are determined by the following factors:

 

  1. The number of qualified new jobs to be created or retained jobs to be maintained.

  2. The average wage level of the qualified new jobs or retained jobs relative to the average wage paid by private entities in the county in which the facility is located.

  3. The total capital investment or new capital investment the eligible business will make.

  4. The cost differential to the business between expanding, locating, or retaining new jobs in Michigan and a site outside of Michigan.

  5. The potential impact of the expansion, retention, or location on the economy of Michigan.

  6. The cost of the credit, the staff, financial, or economic assistance provided by the local government unit, or local economic development corporation or similar entity, and the value of assistance otherwise provided by this state.

 

Varying terms of 8 to 20 years of tax credit availability, as determined by the Michigan Economic Growth Authority Board. Each MEGA grantee is audited annually to determine if jobs promises are being met. Failure to meet the jobs promises does not extinguish the multi-year grant, only the MEGA SBT credit for the year(s) the jobs promises are not met.

 

The MEGA Act expires December 31, 2003.

 

The following concerns received MEGA grants from program inception through May 2000 (several interests have received more than one grant):

*Enabling act:  1995 PA 24; 2000 PA 144, 2000 PA 428; M.C.L. 207.801 et seq.; M.S.A. 3.540 (801) et seq.

-Citizens Research Council of Michigan

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CLASSIFICATION OF MICHIGAN TAXES

The Michigan system of state and local taxes contains 45 elements, including 30 identifiable taxes imposed by the state for its own use and 15 taxes imposed by or for local governments. In this report, state and local taxes are classified according to the basis of taxation:

Income Taxes -- directly on or measured by the income of individuals; Business Privilege Taxes -- on the privilege of doing business in Michigan; Sales-Related Taxes -- on general retail sales and on transactions involving specific goods; Property Taxes -- on property or in lieu of property taxes; Transportation Taxes -- on the direct users of transportation facilities.

Introduction		    
Tax Descriptions State Taxes - black header Local Taxes - blue header
Income Personal Income Tax  
    Uniform City Income Tax
Business Single Business Tax  
Privilege Unemployment Insurance Tax  
  Oil & Gas Severance Tax  
  Foreign Insurance Company Retaliatory Tax  
  Horse Race Wagering Tax  
  Corporate Organization Tax  
  State Casino Gaming Tax  
  Airport Parking Excise Tax  
  Commercial Mobile Radio Service Tax  
  Accommodations (Hotel-Motel) Taxes  
Sales-Related Sales Tax  
  Use Tax  
  Tobacco Products Tax  
  Beer Tax  
  Wine Tax  
  Liquor Taxes  
  Liquor Markup  
    Stadium & Convention Facility Taxes
    Uniform City Utility Users Tax
Property Utility Property Tax  
  Estate Tax  
  State Real Estate Transfer Tax  
  State Education Tax  
    General Property Tax
    Ad Valorem Special Assessments
    Commercial Forest Tax
    Private Forest Tax
    Industrial Facilities Tax
    Technology Park Facilities Tax
    Enterprise Zone Facilities Tax
    Neighborhood Enterprise Zone
   Facilities Tax
    Mobile Home Trailer Coach Tax
    Low Grade Iron Ore Specific Tax
    County Real Estate Transfer Tax
Transportation Gasoline Tax  
  Diesel Fuel Tax  
  Motor Carrier Fuel Tax  
  Motor Carrier Privilege Tax  
  Liquefied Petroleum Gas Tax  
  Aviation Gasoline Tax  
  Aircraft Weight Tax  
  Snowmobile Registration Tax  
  Watercraft Registration Tax  
  Motor Vehicle Registration Tax  

Glossary

Tax Law Changes

Revenue Table

Source:  http://www.crcmich.org/TaxOutline/index.html

 

Where do Road Commissions get their funding?

 

Easement Conveyances and Real Estate Transfer Tax

 

 

Property Owner Forms