Michigan Municipalities Not Starved For Cash
It appears when looking at the numbers our Local Governments are not starved for cash.
Local municipalities saw an increase of $1.4 billion in property taxes from 2000 to 2013 with that revenue increasing to $5.3 billion in 2013 from $3.9 billion in 2000, according to the state of Michigan’s state tax commission.
The local governments received about $1 billion more in property tax in 2008 compared to 2000 and that is with inflation factored in. By the year 2009, the Michigan property taxes collected had been reduced to the point they were relatively the same as 2000 again this is including inflation factored in.
When we look at the numbers it shows that the tax funds flow may have slowed, but it has not significantly declined.
The State of Michigan has 533 cities, townships and villages.
When looking at the property taxes since 2000 it shows they peaked in 2008 and then slightly retreated. Our property taxes seem to have reached a plateau in 2013.