Delta-Side Business Association
Delta-Side Business Association meets once a month on the first Thursday of the month at 7:45 a.m. The meetings are held at the Delta Township District Library, 5130 Davenport. Please join the group for networking and educational opportunities.
www.deltaside.org
Eaton County Manufacturers Network
Eaton County Manufacturers Network meets during lunch at 11:30 a.m. on the third Thursday of each month at the Capital Area Michigan Works! Charlotte Service Center, 311 W. First St. Charlotte, MI 48813. Contact 517.543.5278 for directions or more information.
Act-198 - IFT Application Form
IFT Supplemental Information
Waverly 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 2007 tax rates with the full State Education Tax rate.
|
Waverly Schools
(No abatement) |
$53.23 of tax per $1,000 of Taxable Value |
Waverly Schools
(With abatement)
|
$29.61 of tax per $1,000 of TaxableValue |
| To figure an estimated tax rate follow the steps below: |
| Waverly School District current tax rate
Subtract 6 mils State Education tax
Divide rate (46.23) by 2 for 50% abatement
Add 6 mils State Education tax
|
53.23 mills
6.00 mills
________________
47.23 mills
23.62 mills
6.00 mills
________________
29.62 mills
|
Industry pays 53.23 mills on “land value” and if an Industrial Facilities Tax Abatement (IFT) is granted 29.61 mills on the Taxable Value for personal property, building and “land improvement”.
Taxable 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 Taxable Value.
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.
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