December 4, 2013 – SEMCOG’s Data Analysis team provides quarterly updated trend charts for residential and commercial properties across the region. The most recent updates show very positive trends that will translate into higher assessed values for many communities. See the charts below:
Both indicators show positive trends; however, because the 2014 inflation rate multiplier published by the Michigan Treasury is capped at 1.6 percent, taxable values can only rise at that rate and, in turn, costs can only rise similarly, unless:
- Your millage rate is increased,
- Additional borrowing is pursued, or
- The fund balance is tapped.
SEMCOG’s Local Government Effectiveness Team does not recommend any of the above solutions until all possible cost efficiencies are identified and pursued. That’s where we can help. Contact Dave Boerger for no-cost assistance in meeting your fiscal and operational challenges.
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