A principal source of revenue for the City of Cadillac is the levy of taxes on real and personal property located within the Cadillac city limits. The levy and collection of property taxes is governed by Michigan Public Act 206 of 1893 (General Property Tax Act) as amended.
It is important to note that property taxes for several taxing authorities other than the City of Cadillac are included with each property tax bill. In fact, for every dollar of property taxes paid on a City tax bill, only $0.27 stays with the City. The remaining $0.73 is distributed to the appropriate taxing unit. This distribution is highlighted in the chart to the right.
City Millage Rates:
Operating - 13.9473 mills
Police & Fire Retirement - 2.6000 mills (Approved November, 1977)
Lake Treatment - 0.5000 mills (Approved February, 2011 for 3 years)
(one mill is equal to $1 in taxes for each $1,000 in taxable value)