News Story

Property Taxes Are Michigan Governments' Largest Money Maker

The property tax is the single largest tax levy in this state. It collected $13.7 billion from Michigan home and property owners in 2016, with the money going to the state, local governments, and many different kinds of tax authorities that range from bus systems to libraries to zoos. Total 2016 property taxes collections were $177.7 million higher than the those of the previous year, an increase that slightly exceeded the rate of inflation. This happened even as a property tax on business tools and equipment (the personal property tax) is phased out.

The Michigan Municipal League says that local governments are underfunded.