Page 101 - Northville Township

Edu
67.7% Earned Bachelor’s Degree or cational Attainment
Figure 13, Educational Attainment (Age 25 years+)
Higher (Age 25+)
Less than high
In 2020, nearly 70% of Northville Township (25 years and older) school graduate High school
residents over the age of 25 had earned a 2% graduate
Bachelor’s degree or higher. Coupled with 10%
residents that had attended some college or
earned an Associate’s degree, nearly 90% of
Northville Township residents had attended
and/or earned some type of higher education. Some college,
(Source: U.S. Census) associate's
degree
68.6% of Northville Township Bachelor's degree 20%
2022 General Fund
Revenue from Property or higher
68%
Taxes
Source: U.S. Census Bureau
An estimated $20,251,000 in property taxes will Figure 14, Northville Township General Fund Sources (2022)
contribute to the 2022 General Fund for Northville
Township. The second largest component of Fines & Special Transfers In
the General Fund comes from State Sources Forfeitures Assessments 7%
0%
0%
($2,932,500), closely followed by fees collected
from Licenses, Permits & Charges for Services Other
($2,172,380). In 2021, Northville Township received 4%
a AAA Bond Rating, the highest possible, which State Sources
will save the community money when borrowing 10%
funds for larger projects. (Sources: 2022 Northville
Township Adopted Budget and Financial Plan) Federal Sources
3%
800 Acres at Michigan International
Technology Center Site
The Michigan International Technology Center Licenses, Permits
& Charges for
(MITC) site is located at the southwest corner Services Property Taxes
of Northville Township and includes 800 acres, 7% 69%
split between Northville Township and Plymouth
Township. Its location takes advantage of the
proximity to Detroit, Ann Arbor and the Detroit Source: U.S. Census Bureau
Wayne County Airport, as Figure 15, MITC Available Properties (Shown in Gold)
well as a series of existing
high-profile companies,
prestigious high-tech
developments and research
facilities. Parcels noted
in gold in Figure 15 are
available for sale and ready
for development, although
a purchase agreement is in
place with Northville Lumber
for Site 9 at the corner of Five
Mile Road and Napier Road.
(Source: MITC Webpage)

Source: MITC Webpage

Approved August 17, 2023 97