Top Links Search 4 It!
Quick Links

Today is:  
 
Grand Ledge Schools Tax Information
 

Following is an attempt to provide some general information concerning industrial tax rates with and without a tax abatement. It is an example only. Some sites you are interested in may be in the Waverly School District while others will be located in the Grand Ledge School District and so on. The example is based on the 2006 tax rates with the full State Education Tax rate.

To figure an estimated tax rate follow the steps below:
Grand Ledge Schools
(No abatement)

Grand Ledge Schools
(With abatement)

$51.84 of tax per $1000 of Taxable Value

$28.92 of tax per $1000 of Taxable
Grand Ledge School District current tax rate

Subtract 6 mils State Education tax

 

Divide rate ($44.83) by 2 for 50% abatement

Add 6 mils State Education tax

 

50.87 mills

6.00 mills
______________
45.84 mills

22.92 mills

6.00 mills
_____________
28.92 mills
Industry pays the full 51.84 mills on “land value.” And if an Industrial Facilities Tax Abatement (IFT) is granted 28.92 mills on the Taxable Value for personal property, building and “land improvement”.

The Taxable Value is approximately 50% of market value. If you invest $10,000,000 (excluding land value) on a project the taxes would be figured on approximately $5,000,000 of State Equalized Value (Taxable).

This is a basic process to help you estimate the expected tax liability for your project. Please contact our Tax Assessment Office at 517-323-8520 for a more detailed and accurate estimate.
 
 
Content Copyright 2007 Delta Township, Michigan. All rights reserved.
7710 W. Saginaw Hwy. Delta Township, MI 48917