The
Headlee Amendment restricts growth in the taxable value of an individual parcel, while Proposal A requires rate reductions when the local housing market grows substantially.
Proposal A limited growth on the taxable value of individual parcels to the lesser of inflation or 5%, and it reset taxable value of a property when itâs sold or transferred, which is equal to half of the propertyâs cash value.
More than a decade later, some communities havenât seen property tax revenue return to 2008 levels, even though real estate values have recovered.
For this reason, Michigan government leaders in December 2020
advocated for amending the relationship between the Headlee Amendment and Proposal A.
Help offered to taxpayers who missed tax filing deadline
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Panel Explores City Budgeting Priorities Amid Continued Economic Uncertainty
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Unreturned cans, bottles more than doubled to over 1 billion last year
Chad Livengood/Crain s Detroit Business
Michigan consumers did not redeem $108 million in cans and bottles in 2020 for the 10-cent-per-container deposit, more than double the previous record of $43 million set in 2019, according to the Michigan Treasury Department.
Michigan consumers didn t redeem 1.08 billion bottles and cans in 2020 for the 10-cents-per-container deposit.
The Michigan Treasury Department is reporting a record-setting $108 million in unclaimed returns on bottles and cans last year.
The nine-figure sum of unclaimed dimes is more than double the $43 million in glass and plastic bottles and aluminum cans that consumers didn t redeem in 2019. It amounts to 108 unreturned containers for each Michiganian.