ctive January 1, 2008
Excludes school general fund
Contained in statute
1%, effective January 1, 2009
Contained in the state constitution
Tax Cap for Residential
Rental Property
None. 3% effective for 2010
Contained in statute
2%, effective January 1, 2009
Contained in state constitution
Tax Cap for Commercial and
Industrial Property
None. 3% effective for 2010
Contained in statute
3%, effective January 1, 2009
Contained in the state constitution
Amount of school general
fund paid by property taxes
15%
0%
Amount of school
transportation fund paid by
property taxes
78%
0%
Amount of family and
childrens fund paid by
property taxes
89%
0%
School Rainy Day Fund
$316 million
$366 million
Local Spending Controls
Property tax increases limited to
statewide six year average personal
income growth
Numerous loopholes, appeals and
exclusions, including no limitation
on debt service growth
No controls on other local spending
Total county spending increases limited
annually to average growth in county
personal income over the previous six
years
No loopholes; no exclusions
Referendum for any increases over
spending cap
Adoption of local budgets
2,400 taxing units with independent
authority to adopt budgets, tax rates
and levies
One body approves all spending by
taxing units within the county, ensuring
that total spending increases in the
county are limited to growth in county
personal income
Taxpayer participation in
capital projects
Petition/Remonstrance
Referendum

Property Assessment
Responsibilities
1,110 elected township and county
assessors
One professionally trained assessor per
county appointed by the county council