Besides the City, your tax bill is remitted to Charlotte Public Schools, Eaton Intermediate School District, Charlotte Public Library and Eaton County. Details of some of the most often questioned line items on your tax bill are as follows:
SET (State Education Tax) -The State Education Tax Act was one of several components of Proposal A of 1994 that changed the way in which elementary-secondary education is funded in Michigan. The State levies the state education tax statewide at a six-mill rate on all real and tangible personal property not otherwise exempt from the property tax. This millage is distributed to the county treasurer who then forwards it to the State of Michigan.
CHAR SCH DEBT (School Debt) – Special elections are held to enable schools to levy millage for such things as school construction or renovation. This line item could be a combination of several elections the school district has had over the years. Please contact the school district for more detailed information on their debt millage. This millage is distributed directly to the school district.
CHAR SCH OPER (School Operating) – This millage is another component of Proposal A of 1994. Under the proposal, a school district can levy 18 mills for school operating purposes. An exempt principal residence is not subject to the levy of school operating millage. For the majority of Charlotte taxpayers, this line item will be zero as your property is your principal residence and it is exempted from this tax. Businesses, rental properties and people owning multiple properties will pay the school operating millage. This millage is distributed directly to the school district.
Posted in: Taxes