As part of the preparation for Fiscal Year 2024, staff note that the Taxable Value (TV) of the Township has increased↑ by about 8.2% or about $79 million to the current estimate of about $1.04 billion.
About $31 million (or 39%) of this $79 million increase is related to the inflation factor imposed by the State of Michigan, which leaves about $48 million (or 61%) related to other factors – such as new construction, additions, or “uncapping”. (The Township is the second fastest growing community in Ottawa County.)
As noted previously, the Grand Haven Charter Township is the largest community in Northwest Ottawa County in terms of tax base (i.e., plus $1 billion), population (i.e., plus 19,000), and area (i.e., plus 28 square miles).