{"id":10735,"date":"2021-11-18T16:13:50","date_gmt":"2021-11-18T20:13:50","guid":{"rendered":"http:\/\/blogs.mml.org\/wp\/inside208\/?p=8410"},"modified":"2021-11-18T16:13:50","modified_gmt":"2021-11-18T20:13:50","slug":"treasury-announces-2022-inflation-rate-multiplier","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/","title":{"rendered":"Treasury Announces 2022 Inflation Rate Multiplier"},"content":{"rendered":"

The State Tax Commission announced the 2022 inflation rate multiplier<\/a> to be used in the capped value formula and for the Headlee Millage Reduction Fraction formula.\u00a0 For the coming year, that inflation value is set at 3.3%.\u00a0 This is the highest inflation value since 2009.<\/p>\n

According to the Treasury bulletin:<\/p>\n

Inflation Rate Multiplier (IRM) Used in the 2022 Capped Value Formula<\/strong><\/span>
\nThe inflation rate, expressed as a multiplier, to be used in the 2022 Capped Value Formula is 1.033.
\n2022 CAPPED VALUE = (2021 Taxable Value \u2013 LOSSES) X 1.033 + ADDITIONS<\/strong>
\n\u2022 The formula above does not include 1.05 because the inflation rate multiplier of 1.033
\nis lower than 1.05.<\/p>\n

Inflation Rate Multiplier Used in 2022 \u201cHeadlee\u201d Calculations<\/strong><\/span>
\nThe inflation rate multiplier of 1.033 shall also be used in the calculation of the 2022
\n\u201cHeadlee\u201d Millage Reduction Fraction required by Michigan Compiled Law (MCL) 211.34d.
\nThe formula for calculating the 2022 \u201cHeadlee\u201d Millage Reduction Fraction (MRF) is:
\n2022 MRF = (2021 Taxable Value \u2013 LOSSES) X 1.033<\/span>
\n2022 Taxable Value \u2013 ADDITIONS<\/p>\n

 <\/p>\n

Chris Hackbarth is the League\u2019s director of state & federal affairs. He can be reached at 517-908-0304 and\u00a0chackbarth@mml.org<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The State Tax Commission announced the 2022 inflation rate multiplier to be used in the capped value formula and for the Headlee Millage Reduction Fraction formula.\u00a0 For the coming year, that inflation value is set at 3.3%.\u00a0 This is the highest inflation value since 2009. According to the Treasury bulletin: […]<\/p>\n","protected":false},"author":458,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19,22,26,1],"tags":[],"class_list":["post-10735","post","type-post","status-publish","format-standard","hentry","category-headlee","category-legislative-link-articles","category-municipal-finance","category-uncategorized","mml-onemagnify-plugin"],"acf":[],"yoast_head":"\nTreasury Announces 2022 Inflation Rate Multiplier - Inside 208<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Treasury Announces 2022 Inflation Rate Multiplier - Inside 208\" \/>\n<meta property=\"og:description\" content=\"The State Tax Commission announced the 2022 inflation rate multiplier to be used in the capped value formula and for the Headlee Millage Reduction Fraction formula.\u00a0 For the coming year, that inflation value is set at 3.3%.\u00a0 This is the highest inflation value since 2009. According to the Treasury bulletin: [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/\" \/>\n<meta property=\"og:site_name\" content=\"Inside 208\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/MMLeague\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-18T20:13:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2025\/10\/Inside-208-Site-Image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"chackbarth\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MMLeague\" \/>\n<meta name=\"twitter:site\" content=\"@MMLeague\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"chackbarth\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/\"},\"author\":{\"name\":\"chackbarth\",\"@id\":\"https:\/\/mml.org\/inside208\/#\/schema\/person\/f20f68327952295dd4392b80bf393b9d\"},\"headline\":\"Treasury Announces 2022 Inflation Rate Multiplier\",\"datePublished\":\"2021-11-18T20:13:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/\"},\"wordCount\":175,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mml.org\/inside208\/#organization\"},\"articleSection\":[\"Headlee\",\"Legislative Link Articles\",\"Municipal Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/\",\"url\":\"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/\",\"name\":\"Treasury Announces 2022 Inflation Rate Multiplier - Inside 208\",\"isPartOf\":{\"@id\":\"https:\/\/mml.org\/inside208\/#website\"},\"datePublished\":\"2021-11-18T20:13:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mml.org\/inside208\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Treasury Announces 2022 Inflation Rate Multiplier\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mml.org\/inside208\/#website\",\"url\":\"https:\/\/mml.org\/inside208\/\",\"name\":\"Michigan Municipal League - Inside 208\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/mml.org\/inside208\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mml.org\/inside208\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mml.org\/inside208\/#organization\",\"name\":\"Michigan Municipal League\",\"url\":\"https:\/\/mml.org\/inside208\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mml.org\/inside208\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2023\/01\/mml-logo-square-e1673462978850.jpg\",\"contentUrl\":\"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2023\/01\/mml-logo-square-e1673462978850.jpg\",\"width\":600,\"height\":303,\"caption\":\"Michigan Municipal League\"},\"image\":{\"@id\":\"https:\/\/mml.org\/inside208\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/facebook.com\/MMLeague\",\"https:\/\/x.com\/MMLeague\",\"https:\/\/www.linkedin.com\/company\/mmleague\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mml.org\/inside208\/#\/schema\/person\/f20f68327952295dd4392b80bf393b9d\",\"name\":\"chackbarth\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mml.org\/inside208\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"caption\":\"chackbarth\"},\"url\":\"https:\/\/mml.org\/inside208\/author\/chackbarth\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Treasury Announces 2022 Inflation Rate Multiplier - Inside 208","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/","og_locale":"en_US","og_type":"article","og_title":"Treasury Announces 2022 Inflation Rate Multiplier - Inside 208","og_description":"The State Tax Commission announced the 2022 inflation rate multiplier to be used in the capped value formula and for the Headlee Millage Reduction Fraction formula.\u00a0 For the coming year, that inflation value is set at 3.3%.\u00a0 This is the highest inflation value since 2009. According to the Treasury bulletin: [...]","og_url":"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/","og_site_name":"Inside 208","article_publisher":"https:\/\/facebook.com\/MMLeague","article_published_time":"2021-11-18T20:13:50+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2025\/10\/Inside-208-Site-Image.png","type":"image\/png"}],"author":"chackbarth","twitter_card":"summary_large_image","twitter_creator":"@MMLeague","twitter_site":"@MMLeague","twitter_misc":{"Written by":"chackbarth","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/#article","isPartOf":{"@id":"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/"},"author":{"name":"chackbarth","@id":"https:\/\/mml.org\/inside208\/#\/schema\/person\/f20f68327952295dd4392b80bf393b9d"},"headline":"Treasury Announces 2022 Inflation Rate Multiplier","datePublished":"2021-11-18T20:13:50+00:00","mainEntityOfPage":{"@id":"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/"},"wordCount":175,"commentCount":0,"publisher":{"@id":"https:\/\/mml.org\/inside208\/#organization"},"articleSection":["Headlee","Legislative Link Articles","Municipal Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/","url":"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/","name":"Treasury Announces 2022 Inflation Rate Multiplier - Inside 208","isPartOf":{"@id":"https:\/\/mml.org\/inside208\/#website"},"datePublished":"2021-11-18T20:13:50+00:00","breadcrumb":{"@id":"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mml.org\/inside208\/2021\/11\/18\/treasury-announces-2022-inflation-rate-multiplier\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mml.org\/inside208\/"},{"@type":"ListItem","position":2,"name":"Treasury Announces 2022 Inflation Rate Multiplier"}]},{"@type":"WebSite","@id":"https:\/\/mml.org\/inside208\/#website","url":"https:\/\/mml.org\/inside208\/","name":"Michigan Municipal League - Inside 208","description":"","publisher":{"@id":"https:\/\/mml.org\/inside208\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mml.org\/inside208\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mml.org\/inside208\/#organization","name":"Michigan Municipal League","url":"https:\/\/mml.org\/inside208\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mml.org\/inside208\/#\/schema\/logo\/image\/","url":"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2023\/01\/mml-logo-square-e1673462978850.jpg","contentUrl":"https:\/\/mml.org\/inside208\/wp-content\/uploads\/sites\/3\/2023\/01\/mml-logo-square-e1673462978850.jpg","width":600,"height":303,"caption":"Michigan Municipal League"},"image":{"@id":"https:\/\/mml.org\/inside208\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/MMLeague","https:\/\/x.com\/MMLeague","https:\/\/www.linkedin.com\/company\/mmleague\/"]},{"@type":"Person","@id":"https:\/\/mml.org\/inside208\/#\/schema\/person\/f20f68327952295dd4392b80bf393b9d","name":"chackbarth","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mml.org\/inside208\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","caption":"chackbarth"},"url":"https:\/\/mml.org\/inside208\/author\/chackbarth\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/posts\/10735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/users\/458"}],"replies":[{"embeddable":true,"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/comments?post=10735"}],"version-history":[{"count":0,"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/posts\/10735\/revisions"}],"wp:attachment":[{"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/media?parent=10735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/categories?post=10735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mml.org\/inside208\/wp-json\/wp\/v2\/tags?post=10735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}