Your New Scoop Site
Welcome to Scoop!
To help you figure things out, there is a Scoop Admin Guide which can hopefully answer most of your questions.
For support, questions, and general help with Scoop, email email@example.com
ScoopHost.com is currently running Scoop version Undeterminable from .
Tag: Punititive Ownership
By JGillman, Section News
As many business owners understand, there is "property tax" and there is "property tax". And while the two seem to be quite similar, the difference is how one is handled over the other.
Property tax as we all recognize is the repeated taxation on real property (acreage, land, buildings) which is used in a number of different formulas and provides a basis for government funding, millages for special purposes, and has for so many years until recently been a boon for local governments who would rather grow more services, than cut taxes on the increased value added properties. It is regressive, in that it discourages ownership, and puts at risk those on fixed incomes. Property tax on real property as it stands is already bad enough, yet has funded state and local government expansion to a point that any contraction in values puts at risk those things necessary and proper.
But "Property Tax", as in PERSONAL Property tax or INDUSTRIAL property tax, is something even more sinister. In 2007, I wrote:
"For some of us, the process is mostly painless financially; A couple of desks, computers, a few inventory racks.. But for quite a few Job creators, it can make a profitable year much less so with equipment that costs hundreds of thousands for manufacturing processes etc..
All equipment bought for use in your business is taxable at the time of purchase. Then it is taxable when you use it, repeatedly, like real property tax. It is assessed a little differently, and relies for the most part on voluntary inventory declaration of business assets. (though larger businesses might have a personal visit from an assessor around Dec 31) It creates a level of work for the business owner that can be complicated depending on the quantity of business useable assets. It also creates a great deal of work for township assessors who must peruse the minutia (if they are doing the job properly) and properly report to the state the value of those assets and amounts collected.
Often it becomes a whole lot of work for very little benefit, if anything at all.
~ More Below ~
(4 comments, 946 words in story) Full Story
Menu+ create account
+ Editorial Policy
External FeedsMetro/State News RSS from The Detroit News
+ Craig: Cushingberry tried twice to elude police, was given preferential treatment
+ Detroit police arrest man suspected of burning women with blowtorch
+ Fouts rips video as 'scurrilous,' defends Chicago trip with secretary
+ Wind, winter weather hammer state from Mackinac Bridge to southeast Mich.
+ Detroit Cass Tech QB Campbell expected to be released from custody Friday
+ New water rates range from -16% to +14%; see change by community
+ Detroit's bankruptcy gets controversial turn in new Honda ad
+ Royal Oak Twp., Highland Park in financial emergency, review panels find
+ Grosse Ile Twp. leads list of Michigan's 10 safest cities
+ Wayne Co. sex crimes backlog grows after funding feud idles Internet Crime Unit
+ Judge upholds 41-60 year sentence of man guilty in Detroit firefighter's death
+ Detroit man robbed, shot in alley on west side
+ Fire at Detroit motel forces evacuation of guests
+ Survivors recount Syrian war toll at Bloomfield Hills event
+ Blacks slain in Michigan at 3rd-highest rate in US
Politics RSS from The Detroit News
+ Apologetic Agema admits errors but won't resign
+ Snyder: Reform 'dumb' rules to allow more immigrants to work in Detroit
+ GOP leaders shorten presidential nominating season
+ Dems: Another 12,600 Michiganians lose extended jobless benefits
+ Mike Huckabee's comments on birth control gift for Dems
+ Granholm to co-chair pro-Clinton PAC for president
+ Republican panel approves tougher penalties for unauthorized early primary states
+ Michigan seeks visas to lure immigrants to Detroit
+ Peters raises $1M-plus for third straight quarter in Senate bid
+ Bill would let lawyers opt out of Michigan state bar
+ Michigan lawmakers launch more bills against sex trade
+ Balanced budget amendment initiative gets a jumpstart
+ Feds subpoena Christie's campaign, GOP
+ Poll: At Obama's 5-year point, few see a turnaround
+ Obama to release 2015 budget March 4
Sunday January 19th
Saturday January 18th
Friday January 17th
Thursday January 16th
Tuesday January 14th