Form 2166 2018 Millage Reduction Fraction Calculations Worksheet - Michigan

Form 2166 or the "Millage Reduction Fraction Calculations Worksheet" is a form issued by the Michigan Department of Treasury.

The form was last revised in January 1, 2018 and is available for digital filing. Download an up-to-date fillable Form 2166 in PDF-format down below or look it up on the Michigan Department of Treasury Forms website.

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Michigan Department of Treasury
L-4034
2166 (Rev. 01-18)
2018 Millage Reduction Fraction Calculations Worksheet
Including Millage Reduction Fraction Calculations Not Specifically Assigned to the County
Equalization Director by Law
County
Taxing Jurisdiction
2017 Total Taxable Value ...................................................................................
Losses ...............................................................................................................
Additions ............................................................................................................
2018 Total Taxable Value Based on SEV ..........................................................
2018 Total Taxable Value Based on Assessed Value (A.V.) ..............................
2018 Total Taxable Value Based on CEV ..........................................................
NOTE: The last two items above are only needed when it is necessary to calculate a Truth in Assessing or Truth in County Equalization Rollback
Fraction.
1. Section 211.34d, MCL, “Headlee” (for each unit of local government)
2018 Millage Reduction Fraction (Headlee). Round to 4
(2017 Total Taxable Value - Losses) X Inflation Rate of 1.021
decimal places in the conventional manner. If number
=
exceeds 1.0000, line through and enter 1.0000.
(2018 Total Taxable Value Based on SEV - Additions)
See State Tax Commission Bulletins No. 3 of 1995 and 19 of 2002 regarding the calculation of losses and additions.
See also the Supplements to STC Bulletin No. 3 of 1995 contained in STC Bulletin No. 3 of 1997.
2a. Section 211.34, MCL, “Truth in Assessing” (for cities and townships if S.E.V. exceeds A.V. for 2018 only)
2018 Total Taxable Value Based on
Assessed Value for all Classes
2018 Rollback Fraction (Truth in Assessing)
=
Round to 4 decimal places in the conventional manner.
2018 Total Taxable Value Based on SEV for all Classes
See State Tax Commission Bulletin 3 of 2018 for more information regarding this calculation.
2b. Section 211.34, MCL, “Truth in County Equalization” (for villages, counties and authorities if S.E.V. exceeds C.E.V. for 2018 only)
2018 Total Taxable Value Based on CEV for all Classes
2018 Rollback Fraction (Truth in County Equalization)
=
Round to 4 decimal places in the conventional manner.
2018 Total Taxable Value Based on SEV for all Classes
See State Tax Commission Bulletin 3 of 2018 for more information regarding this calculation.
3. Section 211.24e, MCL, “Truth in Taxation” (for each taxing jurisdiction that levied more than 1 mill for operating purposes in 2017 only).
(2017 Total Taxable Value - Losses)
2018 Base Tax Rate Fraction (Truth in Taxation)
=
Round to 4 decimal places in the conventional manner.
(2018 Total Taxable Value Based on SEV - Additions)
Use the same amounts for additions and losses as were used for the 211.34d (“Headlee”) rollback.
NOTE: The truth in taxation BTRF is independent from the cumulative millage reductions provided by sections 211.34d and 211.34. The Base Tax Rate
equals the BTRF X 2017 Operating Rate levied.
Reset Form
Michigan Department of Treasury
L-4034
2166 (Rev. 01-18)
2018 Millage Reduction Fraction Calculations Worksheet
Including Millage Reduction Fraction Calculations Not Specifically Assigned to the County
Equalization Director by Law
County
Taxing Jurisdiction
2017 Total Taxable Value ...................................................................................
Losses ...............................................................................................................
Additions ............................................................................................................
2018 Total Taxable Value Based on SEV ..........................................................
2018 Total Taxable Value Based on Assessed Value (A.V.) ..............................
2018 Total Taxable Value Based on CEV ..........................................................
NOTE: The last two items above are only needed when it is necessary to calculate a Truth in Assessing or Truth in County Equalization Rollback
Fraction.
1. Section 211.34d, MCL, “Headlee” (for each unit of local government)
2018 Millage Reduction Fraction (Headlee). Round to 4
(2017 Total Taxable Value - Losses) X Inflation Rate of 1.021
decimal places in the conventional manner. If number
=
exceeds 1.0000, line through and enter 1.0000.
(2018 Total Taxable Value Based on SEV - Additions)
See State Tax Commission Bulletins No. 3 of 1995 and 19 of 2002 regarding the calculation of losses and additions.
See also the Supplements to STC Bulletin No. 3 of 1995 contained in STC Bulletin No. 3 of 1997.
2a. Section 211.34, MCL, “Truth in Assessing” (for cities and townships if S.E.V. exceeds A.V. for 2018 only)
2018 Total Taxable Value Based on
Assessed Value for all Classes
2018 Rollback Fraction (Truth in Assessing)
=
Round to 4 decimal places in the conventional manner.
2018 Total Taxable Value Based on SEV for all Classes
See State Tax Commission Bulletin 3 of 2018 for more information regarding this calculation.
2b. Section 211.34, MCL, “Truth in County Equalization” (for villages, counties and authorities if S.E.V. exceeds C.E.V. for 2018 only)
2018 Total Taxable Value Based on CEV for all Classes
2018 Rollback Fraction (Truth in County Equalization)
=
Round to 4 decimal places in the conventional manner.
2018 Total Taxable Value Based on SEV for all Classes
See State Tax Commission Bulletin 3 of 2018 for more information regarding this calculation.
3. Section 211.24e, MCL, “Truth in Taxation” (for each taxing jurisdiction that levied more than 1 mill for operating purposes in 2017 only).
(2017 Total Taxable Value - Losses)
2018 Base Tax Rate Fraction (Truth in Taxation)
=
Round to 4 decimal places in the conventional manner.
(2018 Total Taxable Value Based on SEV - Additions)
Use the same amounts for additions and losses as were used for the 211.34d (“Headlee”) rollback.
NOTE: The truth in taxation BTRF is independent from the cumulative millage reductions provided by sections 211.34d and 211.34. The Base Tax Rate
equals the BTRF X 2017 Operating Rate levied.

Download Form 2166 2018 Millage Reduction Fraction Calculations Worksheet - Michigan

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