Exhibit 12

TAUBMAN CENTERS, INC.

Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
(in thousands, except ratios)

	Three Months Ended March 31
	2006		2005
Earnings before income from equity investees	$ 12,937		$   9,146
Add back:
Fixed charges	$ 38,053		$ 29,213
Amortization of previously capitalized interest	1,082		911
Distributed income of Unconsolidated Joint Ventures	8,471		9,070
Deduct:
Capitalized interest	(1,973	)	(2,377	)
Preferred distributions	(615	)	(615	)
Earnings available for fixed charges and preferred dividends	$ 57,955		$ 45,348
Fixed Charges
Interest expense (1)	$ 34,283		$ 25,540
Capitalized interest	1,973		2,377
Interest portion of rent expense	1,182		681
Preferred distributions	615		615
Total fixed charges	$ 38,053		$ 29,213
Preferred dividends	6,003		6,150
Total fixed charges and preferred dividends	$ 44,056		$ 35,363
Ratio of earnings to fixed charges and preferred dividends	1.3		1.3

(1) Interest expense for the quarter ended March 31, 2006 includes a $2.1 million charge in connection with the write-off of financing costs related to the pay-off of the loans on The Shops at Willow Bend.