Esitmated taxes from City Hall
In 2015 a home with an average market value of $60,000 and a taxable value of $30,000, the total property tax would be $1,563.
In 2008 that same house would have had an estimated value of $87,500 and a taxable value of $43,750, the total property tax would have been $2,151.
Pre recession property tax- $2,151
With the passing of PA 345 in 2015 - $1,563
With the millage passing you would be paying $588 LESS than pre-recession rates.
Property tax values have declined over 30% since 2008.
For the taxable property value to increase back to 2008 levels, assuming a Headlee capped maximum increase of 2% per year, it will take 19 years to get back to this level.
PA 345 Millage Information and FAQ's
Municipal Performance Dashboard
For questions or more information please contact us at email@example.com
ACT 345 MILLAGE AND CHARTER AMENDMENT ON THE MAY 5 BALLOT
Two proposals relating to the approval of a Public Act 345 millage will be on the May 5 ballot. These proposals will amend the City Charter and set up a separate pension system and funding stream for the Police & Fire pension system plus implement a millage for funding the pension system. Both the charter amendment and the millage must pass for the millage to be enacted. The ballot language for both proposals is below:
CITY OF LINCOLN PARK POLICE OFFICERS AND FIRE FIGHTERS RETIREMENT SYSTEM PROPOSAL
Shall the City of Lincoln Park, County of Wayne, Michigan, be authorized to establish a retirement system for the benefit of police officers and fire fighters, create a pension board, and levy taxes annually in amounts sufficient to fund the system, all in accordance with the provisions of Michigan Public Act 345 of 1937, as amended? This proposal shall not become effective unless the electors also approve an amendment to Chapter XVII of the City Charter authorizing cessation of the existing pension system and transfer of its assets to the new Act 345 pension system.
PROPOSED CHARTER AMENDMENT SECTION 1 OF CHAPTER XVII OF THE CITY OF LINCOLN PARK
Shall Sec. 1 of Chapter XVII of the City Charter of the City of Lincoln Park be amended to provide for the transfer of all assets of the existing Policemen’s and Firemen’s Retirement system to a new retirement system established pursuant to Michigan Public Act 345 of 1937, as amended, the cessation of the existing retirement system, and dissolution of the existing retirement board? This amendment shall not become effective unless the electors also approve of the establishment of a new Act 345 pension system.