What is the maximum increase allowed for the 15 mill limitation with voter approval?

Prepare for the Michigan Property Tax Administration Exam. Get ready with flashcards and multiple choice questions that include hints and explanations. Ace your exam with confidence!

The maximum increase allowed for the 15 mill limitation with voter approval is 18 mills. In Michigan, under the state's property tax laws, the 15 mill limitation is a guideline that restricts the total property tax rate for local governments to 15 mills, unless voters approve an increase. When voters do approve an increase, the new limit can go up to a maximum of 18 mills. This reflects the legal framework established to ensure that property taxes do not overwhelm homeowners, while still allowing for financial flexibility for local governments if the electorate has given their consent. This system fosters a balance between maintaining adequate public services and protecting taxpayers from excessive tax burdens.

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