A Chesaning School District Non Residential Property Tax Increase
measure will be on the November 8, 2011
ballot in the Chesaning school district area which is in Shiawassee
and Saginaw Counties
This measure seeks to increase the current non residential property tax to a rate of $18 per $1,000 of assessed property value for a period of five years in order to further pay for operational costs of the school district.
Text of measure
The question on the ballot:
|| Shall the limitation on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Chesaning Union Schools, Saginaw and Shiawassee Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000 of taxable valuation) for a period of 5 years, 2012 to 2016, inclusive, to provide funds for operating purposes (17.8938 mills of the above is a renewal of millage which will expire with the 2011 tax levy and 0.1062 mill is a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963); the estimate of the revenue the school district will collect if the millage is approved and levied in 2012 is approximately $929,340?