Taxable value tops $4.2 billion

Leelanau’s beauty makes it a desirable place to live.

This beauty is one of several factors which has increased property values on the peninsula by 355.3% since 1994, according to Andrew Giguere, county equalization director, who shared this information Tuesday, during the county’s executive committee meeting. By law, the county must adopt an apportionment report by the end of October.

In 1994, the county property value was $927.5 million to $4.2 billion, with a B. It was 1994 when state voters approved proposal A, which established a 6-mill school tax and capped increases.