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Why Taxes Vary The
market value of a property may change:
- Each parcel of property is assessed at least once every four years.
- Each year, a sales ratio study is done to determine if the property is assessed
similarly to like properties.
- Additions or improvements to homes can cause an increase.
The market value of other properties in your taxing district may change, shifting
taxes from one property to another:
- New construction broadens the tax base.
- Inflation will make the tax base larger
- The county must review discretionary spending (decisions made locally) and
non-discretionary spending (decisions based on federal, state and court mandates).
City, county and township budgets and levies may change:
- Each year, cities and counties review the needs and wants of residents and how to meet
those requirements.
- Counties must review discretionary and non-discretionary spending.
- Each year, cities and counties review programs offered to citizens and which ones may
need more or less funding.
- Each year in March, townships set the levy and budget for the next year.
The school district's budget and levy may change:
- The Legislature sets the basic maintenance levy for schools.
- School district set levies for many purposes, including transportation, community
education and other programs.
A special district's budget and levy may change:
- Special districts include watershed districts and drainage districts.
Voters may have approved a school, city, town or county referendum:
- Referendums may be held for construction projects and excess levies for schools.
Federal or state mandates may have changed:
- Both the state and federal governments require local governments to provide certain
services and follow certain rules. Collection of child support is an example of a federal
mandate.
Aid from the state or federal government may have changed:
- Each year, the Legislature reviews and adjusts aid formulas.
- Some examples of state aid to counties include the Community Social Services Act and
Homestead and agricultural Credit Aid. An example of federal aid includes Temporary
Assistance for Needy Families.
The Legislature may have changed class rates:
- A change in class rates will require a change in the tax rate to raise the same amount
of money.
- In 1997, the Legislature made significant changes in class rates.
Special assessments may have been added to the tax bill:
- Water lines, curbs and gutters and street overlays are special assessments.
Changes in law may adjust the tax base:
- Fiscal disparities, personal property tax on utilities and tax increment financing are
examples of laws that affect property taxes.
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