Budget

Finances

The Chesterfield Township Library was legally established in 1994 as a free public library established in a township under
Section 10 of PA 164, and has an elected six-member governing board of trustees that serve 4-year terms. While the Library operates and is governed under separate authority from the township, the Library is a local unit of government. The Library is not a department of Chesterfield Township municipality.

State Aid to Public Libraries Act 89 of 1977

What is the Library's current tax rate?

The Library levies a single, operating millage at the rate of 0.7 mills.

That millage rate is reduced by the Headlee Amendment.

• Actual 2022 Tax Rate for 2023 Revenue: 0.6047
• Per the Assessor, the 2022 average housing value in Chesterfield Township is estimated at $229,200. Based on taxable value (estimated at 50%), that homeowner currently pays about the following:
• $69.30 per year
• $5.77 per month
• $0.19 cents per day

Calculation: $229,200/2 = $114,600 x 0.6047 = $69,299/1000 = $69.30/year/365 = $0.19 cents/day

Click here to find your home's taxable value at BS&A Online.

Anchor Bay School District

• Chesterfield Township: 2.05%
• Chesterfield Township Public Safety: 21.37%
• Chesterfield Township Library: 1.63%

L'Anse Creuse Public Schools

• Chesterfield Township: 2.23%
• Chesterfield Township Public Safety: 23.24%
• Chesterfield Township Library: 1.77%

New Haven Community Schools

• Chesterfield Township: 2.15%
• Chesterfield Township Public Safety: 22.41%
• Chesterfield Township Library: 1.70%

Population of Chesterfield Township

2020	2010	2000	1990	1980	1970	1960
45,376	43,381	37,405	25,905	18,276	9,378	5,888

What do the terms "Assessed Value," "State Equalized Value" and "Taxable Value" mean?

According to Michigan property tax law, these terms have the following meanings:

• Assessed value—The assessed value is determined by a property’s market value. Set by the assessor, the assessed value when multiplied by two will give an approximate market value of the property. The assessor is constitutionally required to set the assessed value at 50% of the usual selling price or true cash value of the property.

• State Equalized Value (SEV)—SEV is the assessed value that has been adjusted following county and state equalization. The County Board of Commissioners and the Michigan State Tax Commission must review local assessments and adjust (equalize) them if they are above or below the constitutional 50% level of assessment.
• Taxable value—A property’s taxable value is the value used for determining the property owner’s tax liability.

• Multiplying the taxable value by the local millage rate will determine your tax liability. Taxable value increases from year to year by the rate of inflation or 5%, whichever is lower. Transfers of ownership and improvements to the property will increase the taxable value more than the rate of inflation but never more than the assessed value.