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Treasury Releases Capped Value Inflation Rate for 2020

Posted on October 18, 2019 by Dene Westbrook

The Michigan Department of Treasury recently released the Headlee Millage Reduction Fraction inflation rate multiplier for 2020, capping property value growth to 1.9% for the coming year, a drop from the current 2.4% inflationary growth allowance.  This continues a trend of sub-2% cap rates from most of the past decade.

Treasury’s detailed bulletin can be found here:

Chris Hackbarth is the League’s director of state & federal affairs. He can be reached at 517-908-0304 and chackbarth@mml.org.

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