Date: May 9, 2005
To: Assessing Officers and County Equalization Directors
From: Michigan State Tax Commission
Re: CERTIFIED PREVAILING INSTITUTIONAL LENDING RATES OF INTEREST FOR THE PERIOD JANUARY, 2005 THROUGH MARCH, 2005 EXPRESSED AS PERCENTAGES
| |
Residential |
Commercial/Industrial |
Agricultural |
| January |
5.99 |
6.26 |
6.15 |
| February |
6.07 |
6.17 |
6.15 |
| March |
5.93 |
6.26 |
6.15 |
Note: The use of these rates is discussed in Bulletin No. 11 of 1985 dated October 14, 1985.
The certified rates for 2003 are included in Bulletin No. 1 of 2004 dated January 6, 2004.
The certified rates for 2004 are included in Bulletin No. 18 of 2004 dated December 28, 2004.