Ballot Language and Explanation
LIBRARY SERVICES MILLAGE REQUEST
Shall the Northville District Library impose an increase of up to 0.2 mills ($0.20 per $1,000 of taxable value) in the tax limitation imposed under Article IX, Sec. 6 of the Michigan Constitution and levy it for five (5) years, 2011 through 2015inclusive, for general library operating purposes, which 0.2-mills increase will raise an estimated $407,900 in the first year the millage is levied, of which a portion will be disbursed to the Northville Downtown Development Authority
For properties located in the Northville Downtown Development Authority district, a portion of the taxes due to the Library is captured for the DDA. This amounts to less than 2% of the estimated taxes collected by this millage. No portion of the taxes paid by residents of Northville Township or the rest of the City of Northville is diverted to the DDA.
Tax dollars generated from new private property developments and from improvements to existing private property within the DDA are captured from other governmental units and used by the DDA to finance public improvements within the area. The captured assessed value equals the amount, in any given year, by which the current assessed value exceeds the initial assessed value. The initial assessed value is that value of all properties within the DDA at the time when the Tax Increment Financing Authority (TIFA) was adopted.