Michigan Compiled Laws, Chapter 141. Municipal Financing § 141.905

Sec. 5. (1) “Local tax effort rate” for a city, village, or township means its local taxes divided by its taxable value.

(2) “Statewide tax effort rate” means the total local taxes in the state divided by the total taxable value.

(3) “Relative tax effort rate” means the local tax effort rate for a city, village, or township divided by the statewide tax effort rate.

(4) “Tax effort formula” means the method for computing, from the total amount of revenue available for distribution under the formula at any single time, the amount to be paid to a city, village, or township determined as follows:

(5) “Taxable value” means that value determined under section 27a of the general property tax act, Act No. 206 of the Public Acts of 1893, being section 211.27a of the Michigan Compiled Laws.