DATE: May 8, 2000
TO: Assessing Officers and County Equalization Directors
FROM: Michigan State Tax Commission
RE:
CERTIFIED PREVAILING INSTITUTIONAL LENDING RATES OF INTEREST FOR THE
PERIOD JANUARY, 2000 THROUGH MARCH, 2000 EXPRESSED AS PERCENTAGES
| Month |
Residential |
Commercial/Industrial |
Agricultural |
| January |
8.04 |
9.20 |
8.84 |
| February |
8.33 |
9.35 |
8.84 |
| March |
8.52 |
9.00 |
8.84 |
Note:
The use of these rates is discussed in Bulletin
No. 11 of 1985 dated October 14, 1985.
The certified rates for 1998 are included in Bulletin
No. 17 of 1998 dated December 28, 1998.
The certified rates for 1999 are included in Bulletin
No. 10 of 1999 dated May 10, 1999.