EMMET COUNTY 2010 EQUALIZATION REPORT

Transcription

EMMET COUNTY
2010
EQUALIZATION REPORT
EQUALIZATION /GIS DEPARTMENT
200 DIVISION ST.
SUITE 180
PETOSKEY, MI 49770
Prepared by:
EQUALIZATION/GIS DEPARTMENT
LYNETTE GIRARD, DIRECTOR
EMMET COUNTY BOARD OF COMMISSIONERS
James Tamlyn, Chair
Daniel J. Plasencia*
Les Atchison*
Thomas W. Foltz
Jack L. Jones
Leroy Gregory*
Thomas C. Shier
ADMINISTRATOR
Lyn E. Johnson
FINANCIAL DIRECTOR
Cynthia A. Van Allen
DEPARTMENT OF EQUALIZATION
Lynette Girard - Director
Allen L. Enciso - Assistant Director
David Brown - Appraiser
Michael Larson- Appraiser
Jacque M. Bester- Administrative Assistant
G.I.S. DEPARTMENT
Lynette Girard - Director
Allen L. Enciso - Assistant Director
Dona Kahgee - GIS Data Specialist/House Numbering Administrator
Harry Kitchen - GIS Coordinator
*Equalization Committee Members - Les Atchison, Chair
Emmet County Commissioner Districts
Emmet County Board of Commissioners
I-75
District 1James Tamlyn ............436-5336
District 2 Leroy Gregory ...........529-6340
District 3 Thomas Shier ............526-7970
District 4 Daniel J Placencia.......348-5656
District 5 Jack Jones .................347-6626
District 6 Thomas Foltz ............347-1619
District 7 Lester Atchison .........347-9876
CECIL BAY RD
Wawatam
W LAKEVIEW RD
Bliss
E GILL RD
Carp
Lake
W STURGEON BAY TR
O
SH
RE
DR
N STATE RD
N LARKS LAKE RD
Cross Village
D
McKinley
E VAN RD
R
N LARKS LAKE RD
E
N LAKE
R
Center
WORMWOOD RD
W ROBINSON RD
E ROBINSON RD
N LAKE SHORE DR
Lake Michigan
O
E LEVERING RD
W VAN RD
Readmond
SH
1
W LEVERING RD
Cheboygan County
E
N US-31
N
K
LA
Pleasantview
Friendship
2
W STUTSMANVILLE RD
Maple
River
E BRUTUS RD
VALLEY RD
BEA
N CONWAY RD
M-119
Tra
ver
se B
ay
M-68
Littlefield
W CONWAY RD
S US-31
CH R
D
N MILLER RD
3
W LAKE ST
BANWELL RD
POWELL RD
4
PICKEREL
PICKEREL
PICKERELLAKE
LAKE
LAKE
LAKERD
RD
RD
RD
PICKEREL
PICKEREL
PICKEREL
LAKE
LAKE
RD
RD
PICKEREL
PICKEREL
PICKEREL
LAKE
LAKE
LAKE
RD
RD
RD
CAMP
PETOSEGA
RD
PICKEREL LAKE RD
EE
EMITCHELL
MITCHELL
MITCHELL
MITCHELLRD
RD
RD
RD
E
E
MITCHELL
RD
EE
MITCHELL
RD
E
E
MITCHELL
MITCHELL
MITCHELL
RD
RD
RD
WILDWOOD RD
Bear Creek
E MITCHELL RD
MAXWELL RD
S US-131
5
Springvale
HOWARD
HOWARD
HOWARDRD
RD
RD
RD
HOWARD
RD
HOWARD
HOWARD
RD
HOWARD
HOWARD
HOWARD
RD
RD
RD
CEMETERY RD
RESORT PIKE RD
HORTON BAY RD
RD
TOWNLINE RD
R
MORFORD RD
VE
Emmet County GIS Computer Mapping
200 Division St, Suite 180, Petoskey MI, 49770-2486
231.348.0631
April 2010
6
Resort
RI
STOLT RD
S ELLSWORTH RD
ATKINS
ATKINS
ATKINSRD
RD
RD
RD
ATKINS
ATKINS
ATKINS
RD
RD
ATKINS
ATKINS
ATKINS
RD
RD
RD
MCDOUGAL RD
7
S US-31
E BEAR RIVER RD
Charlevoix County
COUNTY LINE RD
BANWELL RD
Litt
le
VALLEY RD
Little Traverse
QUICK RD
S PLEASANTVIEW RD
S STATE RD
West
Traverse
HOYT RD
M-119
SUPERVISORS, ASSESSORS, PRESIDENTS AND MANAGERS
EMMET COUNTY – 2010
LOCAL UNIT
SUPERVISOR
ASSESSOR
Bear Creek
Dennis Keiser
Dennis Keiser
Bliss
Phillip Lechowicz
Thomas Wolf
Carp Lake
Paul Teike
Thom Wissner
Center
Ed Jurek Jr.
C. Tim Grimm
Cross Village
Gene Reck
C. Tim Grimm
Friendship
Fredrick Troup
Janell Van Divner
Littlefield
Damien Henning
Jim LaPeer
Little Traverse
William Dohm
Thomas Wolf
Maple River
John Eby
Diann Most
McKinley
Leonard Readmond
Linda Socha
Pleasantview
William Wiechmann
C. Tim Grimm
Readmond
Gordon Kruskie
C. Tim Grimm
Resort
Robert Wheaton
Robert Wheaton
Springvale
Art Shaw
Thomas Wolf
Wawatam
Roger Moore
Roger Moore
West Traverse
Bob Sanford
C. Tim Grimm
PRESIDENT
ASSESSOR
Village of Alanson
Richard Weidenhammer
Jim LaPeer
Village of Mackinaw City
Ronald Wallin
Roger Moore
Village of Pellston – MK
James Gillett
Linda Socha
Village of Pellston – MR
James Gillett
Diann Most
MANAGER
ASSESSOR
City of Harbor Springs
Tom Richards
C. Tim Grimm
City of Petoskey
Dan Ralley
John Gehres
INDEX TO REPORT
2010 CERTIFICATION BY EQUALIZATION DIRECTOR (L-3127)...........................
2010 EQUALIZATION REPORT STC (L-4024)
ASSESSED VALUES BY CLASS (REAL PROPERTY)....................................
EQUALIZED VALUES BY CLASS (REAL PROPERTY).................................
TOTAL ASSESSED & EQUALIZED PERSONAL & REAL BY UNIT ...........
1
2
3
4
PERCENT OF CHANGE IN ASSESSED AND TAXABLE VALUES BY UNIT .........
5
PIE CHART: COUNTY TOTAL VALUE BY CLASS ...................................................
6
MAP: VALUE PER UNIT & PERCENT OF COUNTY VALUE PER UNIT ...............
MISCELLANEOUS STATISTICS
COMPARISON OF EQUALIZED VALUES TO PREVIOUS YEAR ...............
SEV HOMESTEAD & NON-HOMESTEAD BY CLASS .................................
TAXABLE VALUES HOMESTEAD & NON-HOMESTEAD BY CLASS .....
7
8
9
10
GRAPH: EQUALIZED - TAXABLE VALUES & PERCENT CHANGE.....................
11
Michigan Department of Treasury - STC
3127(Rev. 01-10)
Certification of Recommended County Equalized Valuations by
Equalization Director
This form is issued under the authority of MCL 211.148.
Filing is mandatory.
TO:
State Tax Commission
FROM:
Equalization Director of
RE:
State Assessor Certification of Preparer of the required Recommended County Equalized
Valuations
County
EMMET
The Recommended County Equalized Valuations for the above referenced county and year were
prepared under my direct supervision and control in my role as Equalization Director.
I am certified as an assessor at the level required for the county by Michigan Compiled Laws
211.10 and the rules of the State Tax Commission.
The State Tax Commission requires a Level ___IV___ State Assessor Certification for this county.
I am certified as a Level ___IV___ State Certified Assessing Officer by the State Tax Commission.
The following are my total Recommended County Equalized Valuations for each separately
equalized class of property in ____EMMET____ County:
Agricultural
47,624,500
Timber-Cutover
0
Commercial
399,278,600
Developmental
2,618,900
Industrial
16,956,000
Residential
2,947,338,366
Total Real Property
3,413,816,366
Personal Property
103,560,200
Total Real and
Personal Property
3,517,376,566
Please mail this form to the address below within fifteen days of submission of the Recommended
County Equalized Valuations to the County Board of Commissioners.
Michigan Department of Treasury
Assessment and Certification Division
Local Assessment Review
P.O. Box 30790
Lansing, Michigan 48909
Signature of Equalization Director
Date
LYNETTE GIRARD - CMAE IV
Page 1
EMMET
4/9/2010
7:45 AM
PAGE 3
L- 4024
ASSESSED VALUATIONS - REAL
STATEMENT of valuation made in accordance with Sections 209.1 - 209.8 of the Michigan Compiled Laws.
REAL PROPERTY ASSESSED VALUATIONS APPROVED BY BOARDS OF REVIEW
STATEMENT YEAR:
COUNTY:
2010
(COL. 1)
AGRICULTURE
(COL. 2)
COMMERCIAL
(COL. 3)
INDUSTRIAL
(COL. 4)
RESIDENTIAL
(COL. 5)
TIMBER-CUTOVER
(COL. 6)
DEVELOPMENTAL
(COL. 7)
TOTAL REAL PROPERTY
24 EMMET
TOWNSHIP OR CITY
TOWNSHIPS:
1 BEAR CREEK
2 BLISS
3 CARP LAKE
4 CENTER
5 CROSS VILLAGE
6 FRIENDSHIP
7 LITTLEFIELD
8 LITTLE TRAVERSE
9 MAPLE RIVER
Page 2
10 MCKINLEY
11 PLEASANTVIEW
12 READMOND
13 RESORT
14 SPRINGVALE
15 WAWATAM
16 WEST TRAVERSE
CITIES:
51 HARBOR SPRINGS
52 PETOSKEY
Totals for County
99
8,988,800
5,486,700
5,372,200
2,969,600
0
0
1,996,500
1,722,400
4,401,800
3,409,900
0
0
9,463,600
2,619,300
0
1,193,700
133,867,000
192,500
2,293,200
212,600
1,228,800
2,029,500
12,282,700
27,489,300
3,171,300
7,005,300
13,520,700
445,600
19,785,000
190,700
13,035,100
9,669,200
4,532,500
0
288,800
102,300
5,300
15,700
469,100
3,501,200
239,100
567,900
0
16,500
4,272,200
8,200
592,200
0
341,652,800
21,575,400
41,079,905
27,300,200
64,947,400
111,476,900
128,067,100
340,858,100
47,111,100
25,861,900
114,455,200
91,951,450
364,274,075
100,820,000
57,478,850
396,030,786
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
557,900
0
0
0
0
0
1,111,200
0
949,800
0
0
0
0
0
0
0
489,599,000
27,254,600
49,034,105
30,584,700
66,181,500
113,522,100
143,926,600
373,571,000
55,873,100
36,845,000
127,975,900
92,413,550
397,794,875
103,638,200
71,106,150
406,893,686
0
0
38,111,900
114,748,200
0
2,345,000
257,049,100
415,348,100
0
0
0
0
295,161,000
532,441,300
47,624,500
399,278,600
16,956,000
2,947,338,366
0
2,618,900
3,413,816,366
OFFICE OF THE COUNTY BOARD OF COMMISSIONERS OF EMMET COUNTY, PETOSKEY, MICHIGAN
DATE:
April 15, 2010
WE HEREBY CERTIFY That the foregoing is a true statement of the assessed valuations of real property classifications in each township and city
in the County of Emmet in the year 2010, as determined by the Board of Commissioners of said county on the ______15th______ day of April 2010,
at a meeting of said board held in pursuant to the provisions of Sections 209.1-209.8, MCL. We further certify that said statement does not embrace any property taxed under P.A. 77 of 1951;
P.A. 68 of 1963; P.A. 198 of 1974; P.A. 255 of 1978; P.A. 385 of 1984; P.A. 224 of 1985; P.A. 147 of 1992; or Section 5 of Article IX of the Constitution of the State.
Dated at
PETOSKEY, MI this____15th_____ day of _April________, 2010_
Page 3, Assessed Values
2010ECEQRptSTCL-4024(2-4).xls
_______________________________________________________
Chairman of Board of Commissioners
_______________________________________________________
_______________________________________________________
Director of County Tax or Equalization Department
Clerk of Board of Commissioners
EMMET
4/9/2010
7:45 AM
PAGE 2
L- 4024
EQUALIZED VALUATIONS - REAL
STATEMENT of valuation made in accordance with Sections 209.1 - 209.8 of the Michigan Compiled Laws.
REAL PROPERTY EQUALIZED VALUATIONS BY COUNTY BOARD OF COMMISSIONERS
STATEMENT YEAR:
COUNTY:
2010
(COL. 1)
AGRICULTURE
(COL. 2)
COMMERCIAL
(COL. 3)
INDUSTRIAL
(COL. 4)
RESIDENTIAL
(COL. 5)
TIMBER-CUTOVER
(COL. 6)
DEVELOPMENTAL
(COL. 7)
TOTAL REAL PROPERTY
24 EMMET
TOWNSHIP OR CITY
TOWNSHIPS:
1 BEAR CREEK
2 BLISS
3 CARP LAKE
4 CENTER
5 CROSS VILLAGE
6 FRIENDSHIP
7 LITTLEFIELD
8 LITTLE TRAVERSE
9 MAPLE RIVER
10 MCKINLEY
11 PLEASANTVIEW
Page 3
12 READMOND
13 RESORT
14 SPRINGVALE
15 WAWATAM
16 WEST TRAVERSE
CITIES:
51 HARBOR SPRINGS
52 PETOSKEY
Totals for County
99
8,988,800
5,486,700
5,372,200
2,969,600
0
0
1,996,500
1,722,400
4,401,800
3,409,900
0
0
9,463,600
2,619,300
0
1,193,700
133,867,000
192,500
2,293,200
212,600
1,228,800
2,029,500
12,282,700
27,489,300
3,171,300
7,005,300
13,520,700
445,600
19,785,000
190,700
13,035,100
9,669,200
4,532,500
0
288,800
102,300
5,300
15,700
469,100
3,501,200
239,100
567,900
0
16,500
4,272,200
8,200
592,200
0
341,652,800
21,575,400
41,079,905
27,300,200
64,947,400
111,476,900
128,067,100
340,858,100
47,111,100
25,861,900
114,455,200
91,951,450
364,274,075
100,820,000
57,478,850
396,030,786
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
557,900
0
0
0
0
0
1,111,200
0
949,800
0
0
0
0
0
0
0
489,599,000
27,254,600
49,034,105
30,584,700
66,181,500
113,522,100
143,926,600
373,571,000
55,873,100
36,845,000
127,975,900
92,413,550
397,794,875
103,638,200
71,106,150
406,893,686
0
0
38,111,900
114,748,200
0
2,345,000
257,049,100
415,348,100
0
0
0
0
295,161,000
532,441,300
47,624,500
399,278,600
16,956,000
2,947,338,366
0
2,618,900
3,413,816,366
OFFICE OF THE COUNTY BOARD OF COMMISSIONERS OF EMMET COUNTY, PETOSKEY , MICHIGAN
DATE:
April 15, 2010
WE HEREBY CERTIFY That the foregoing is a true statement of the equalized valuations of real property classifications in each township and city in the
County of Emmet in the year 2010___, as determined by the Board of Commissioners of said county on the ____15th___ day of April, 2010___
at a meeting of said board held in pursuance of the provisions Sections 209.1 - 209.8, MCL. We further certify that said statement does not embrace any
property taxed under P.A. 77 of 1951; P.A.68 of 1963; P.A. 198 of 1974; P. A. 255 of 1978; P.A. 385 of 1984; P.A. 224 of 1985; P.A. 147 of 1992; or Section 5 of
Article IX of the Constitution of the State.
Dated at
_______________________________________________________
Page 2, Equalized Values
_______________________________________________________
_______________________________________________________
EMMET
4/9/2010
7:45 AM
PAGE 1
L- 4024
PERSONAL AND REAL PROPERTY - TOTALS
STATEMENT of acreage and valuation made in accordance with Sections 209.1 - 209.8 of the Michigan Compiled Laws.
STATEMENT YEAR:
COUNTY:
2010
NUMBER OF ACRES
TOTAL REAL PROPERTY VALUATIONS
ASSESSED
(TOTALS FROM PAGES 2 AND 3)
TOTAL REAL PLUS
PERSONAL PROPERTY VALUATIONS
PERSONAL PROPERTY
(COL. 1)
ACRES
(COL. 2)
ASSESSED
(COL. 3)
EQUALIZED
(COL. 4)
ASSESSED
(COL. 5)
EQUALIZED
(COL. 6)
ASSESSED
(COL. 7)
EQUALIZED
HUNDREDTHS
VALUATIONS
VALUATIONS
VALUATIONS
VALUATIONS
VALUATIONS
VALUATIONS
24 EMMET
TOWNSHIP OR CITY
TOWNSHIPS:
1 BEAR CREEK
2 BLISS
3 CARP LAKE
4 CENTER
5 CROSS VILLAGE
6 FRIENDSHIP
7 LITTLEFIELD
8 LITTLE TRAVERSE
9 MAPLE RIVER
10 MCKINLEY
11 PLEASANTVIEW
Page 4
12 READMOND
13 RESORT
14 SPRINGVALE
15 WAWATAM
16 WEST TRAVERSE
CITIES:
51 HARBOR SPRINGS
52 PETOSKEY
Totals for County
99
25,980.00
28,620.00
22,440.00
22,500.00
6,587.00
20,060.00
15,707.00
11,710.00
22,652.00
22,499.00
22,800.00
19,800.00
13,790.00
30,060.00
10,642.00
8,542.00
489,599,000
27,254,600
49,034,105
30,584,700
66,181,500
113,522,100
143,926,600
373,571,000
55,873,100
36,845,000
127,975,900
92,413,550
397,794,875
103,638,200
71,106,150
406,893,686
489,599,000
27,254,600
49,034,105
30,584,700
66,181,500
113,522,100
143,926,600
373,571,000
55,873,100
36,845,000
127,975,900
92,413,550
397,794,875
103,638,200
71,106,150
406,893,686
25,055,800
402,000
2,997,350
848,850
359,300
811,300
4,678,100
9,016,600
2,795,950
3,679,750
5,966,850
613,800
11,292,550
2,834,050
11,226,500
2,745,050
25,055,800
402,000
2,997,350
848,850
359,300
811,300
4,678,100
9,016,600
2,795,950
3,679,750
5,966,850
613,800
11,292,550
2,834,050
11,226,500
2,745,050
514,654,800
27,656,600
52,031,455
31,433,550
66,540,800
114,333,400
148,604,700
382,587,600
58,669,050
40,524,750
133,942,750
93,027,350
409,087,425
106,472,250
82,332,650
409,638,736
514,654,800
27,656,600
52,031,455
31,433,550
66,540,800
114,333,400
148,604,700
382,587,600
58,669,050
40,524,750
133,942,750
93,027,350
409,087,425
106,472,250
82,332,650
409,638,736
820.00
2,208.00
295,161,000
532,441,300
295,161,000
532,441,300
2,122,250
16,114,150
2,122,250
16,114,150
297,283,250
548,555,450
297,283,250
548,555,450
307,417.00
3,413,816,366
3,413,816,366
103,560,200
103,560,200
3,517,376,566
3,517,376,566
OFFICE OF THE COUNTY BOARD OF COMMISSIONERS OF EMMET COUNTY, PETOSKEY , MICHIGAN
DATE:
April 15, 2010
WE HEREBY CERTIFY That the foregoing is a true statement of the number of acres of land in each township and city in the County of Emmet and of the value
of the real property and of the personal property in each township and city in said county as assessed in the year 2010_, and of the aggregate
valuation of the real property and personal property in each township and city in said county as equalized by the Board of Commissioners of said county on
the
15th_____ day of April, 2010_, at a meeting of said board held in pursuance of the provisions Sections 209.1 - 209.8, MCL. We further certify that said statement
does not embrace any property taxed under P.A. 77 of 1951; P.A. 68 of 1963; P.A. 198 of 1974; P.A 255 of 1978; P.A. 385 of 1984; P.A. 224 of 1985; P.A. 147 of 1992;
or Section 5 of Article IX of the Constitution of the State.
Dated at
_______________________________________________________
Page 1, Personal and Real Totals
_______________________________________________________
_______________________________________________________
4/9/2010
8:03 AM
TOTAL ASSESSED & TAXABLE VALUES FOR
EMMET COUNTY TOWNSHIPS & CITIES
TOWNSHIPS
AND CITIES
2009
ASSESSED
BEAR CREEK
2010
ASSESSED
% CHANGE
ASSESSED
2009
TAXABLE
2010
TAXABLE
% CHANGE
TAXABLE
546,441,550
514,654,800
-6%
424,369,935
413,687,213
BLISS
31,606,550
27,656,600
-12%
20,774,209
20,338,341
-2%
CARP LAKE
58,541,765
52,031,455
-11%
39,287,096
37,828,289
-4%
CENTER
36,356,900
31,433,550
-14%
22,384,490
21,823,556
-3%
CROSS VILLAGE
FRIENDSHIP
-3%
76,967,250
66,540,800
-14%
55,808,686
54,031,744
-3%
129,978,700
114,333,400
-12%
101,546,120
95,838,131
-6%
LITTLEFIELD
164,810,400
148,604,700
-10%
127,590,033
118,594,389
-7%
LITTLE TRAVERSE
421,792,100
382,587,600
-9%
272,747,587
262,199,413
-4%
66,592,750
58,669,050
-12%
48,048,263
45,829,046
-5%
MAPLE RIVER
McKINLEY
PLEASANTIVEW
44,768,700
40,524,750
-9%
33,307,117
32,086,202
-4%
154,238,600
133,942,750
-13%
130,195,198
119,485,531
-8%
READMOND
107,147,850
93,027,350
-13%
77,798,653
74,413,329
-4%
RESORT
469,790,350
409,087,425
-13%
288,691,596
282,764,956
-2%
SPRINGVALE
122,440,200
106,472,250
-13%
91,846,046
87,760,185
-4%
88,787,050
82,332,650
-7%
63,725,953
61,092,729
-4%
WAWATAM
WEST TRAVERSE
471,857,300
409,638,736
-13%
320,057,162
297,838,795
-7%
HARBOR SPRINGS
339,689,150
297,283,250
-12%
237,601,020
228,709,485
-4%
PETOSKEY
638,019,800
548,555,450
-14%
538,225,953
489,333,583
-9%
3,969,826,965
3,517,376,566
-11.40%
2,894,005,117
2,743,654,917
-5.20%
TOTALS
Emmet County Equalization Department (as of Final Equalization 04/16/09)
2010ECEQRptASS&TXB(5).xls
Page 5
EQUALIZED PROPERTY VALUES BY CLASS
EMMET COUNTY 2010
PERSONAL (2.9%)
AGRICULTURAL (1.0%)
COMMERCIAL (11.3%)
DEVELOPMENTAL (.1%)
INDUSTRIAL (.7%)
RESIDENTIAL (84%)
AGRICULTURAL (1.0%)
COMMERCIAL (11.3%)
INDUSTRIAL (.7%)
RESIDENTIAL (84%)
DEVELOPMENTAL (.1%)
TOTAL PERSONAL (2.9%)
Page 6
2010 BREAKDOWN OF COUNTY TOTALS
EMMET COUNTY EQUALIZATION
WAWATAM/MACKINAW CITY
TOTAL SEV: 82,332,650
% OF COUNTY TOTAL: 2.34%
CARP LAKE TOWNSHIP
TOTAL SEV: 52,031,455
BLISS TOWNSHIP
TOTAL SEV: 27,656,600
% OF COUNTY TOTAL: .79%
CROSS VILLAGE TOWNSHIP
TOTAL SEV: 66,540,800
LAKE MICHIGAN
CENTER TOWNSHIP
TOTAL SEV: 31,433,550
READMOND TOWNSHIP
TOTAL SEV: 93,027,350
FRIENDSHIP TOWNSHP
TOTAL SEV: 114,333,400
MCKINLEY/PELLSTON
TOTAL SEV: 40,524,750
PLEASANTVIEW TOWNSHIP
TOTAL SEV: 133,942,750
MAPLE RIVER/PELLSTON
TOTAL SEV: 58,669,050
WEST TRAVERSE TOWNSHIP
TOTAL SEV: 409,638,736
LITTLE TRAVERSE TOWNSHIP
TOTAL SEV: 382,587,600
% OF COUNTY TOTAL: 10.88% LITTLEFIELD/ALANSON
TOTAL SEV: 148,604,700
HARBOR SPRINGS
TOTAL SEV: 297,283,250
CITY OF PETOSKEY
TOTAL SEV: 548,555,450
RESORT TOWNSHIP
TOTAL SEV: 409,087,425
SPRINGVALE TOWNSHIP
TOTAL SEV: 106,472,250
BEAR CREEK TOWNSHIP
TOTAL SEV: 514,654,800
COUNTY TOTAL SEV: $3,517,376,566
REAL: $3,413,816,366 PERSONAL: $103,560,200
Map Courtesy of Emmet County GIS Department
Page 7
4/9/2010
8:05 AM
EMMET COUNTY 2010
COMPARISON OF EQUALIZED VALUES TO PREVIOUS YEAR
2009
EQUALIZED
Class
2010
EQUALIZED
Percent
Change
52,162,450
47,624,500
-8.70%
410,457,500
399,278,600
-2.72%
28,702,200
16,956,000
-40.92%
3,367,281,065
2,947,338,366
-12.47%
501-TIMBER CUTOVER
0
0
601-DEVELOPMENTAL
3,767,600
2,618,900
-30.49%
3,862,370,815
3,413,816,366
-11.61%
107,456,150
103,560,200
-3.63%
3,969,826,965
3,517,376,566
-11.40%
101-AGRICULTURAL
201-COMMERCIAL
301-INDUSTRIAL
Page 8
401-RESIDENTIAL
Real Sub Total
PERSONAL PROPERTY
GRAND TOTAL
NOTE:
2010ECEQRptSEV%INC(8).xls
The above values include value added to each class from new construction
and value lost or added due to classification changes.
4/9/2010
8:09 AM
EMMET COUNTY 2010 STATE EQUALIZED VALUES
REAL PROPERTY
CLASSIFICATION
OF PROPERTIES
TOWNSHIPS:
BEAR CREEK
BLISS
CARP LAKE
CENTER
CROSS VILLAGE
FRIENDSHIP
LITTLEFIELD
LITTLE TRAVERSE
MAPLE RIVER
Page 9
McKINLEY
PLEASANTVIEW
READMOND
RESORT
SPRINGVALE
WAWATAM
WEST TRAVERSE
CITIES:
HARBOR SPRINGS
PETOSKEY
TOTALS:
VILLAGES*
ALANSON
MACKINAW CITY
PELLSTON
2010ECEQRptCEVTXB(9-10).xls
REAL AND PERSONAL PROPERTY
AGRICULTURAL
RESIDENTIAL
COMMERCIAL
TIMBER CUTOVER
INDUSTRIAL
DEVELOPMENTAL
TOTAL REAL
TOTAL PERSONAL
8,988,800
341,652,800
5,486,700
21,575,400
5,372,200
41,079,905
2,969,600
27,300,200
0
64,947,400
0
111,476,900
1,996,500
128,067,100
1,722,400
340,858,100
4,401,800
47,111,100
3,409,900
25,861,900
0
114,455,200
0
91,951,450
9,463,600
364,274,075
2,619,300
100,820,000
0
57,478,850
1,193,700
396,030,786
133,867,000
0
192,500
0
2,293,200
0
212,600
0
1,228,800
0
2,029,500
0
12,282,700
0
27,489,300
0
3,171,300
0
7,005,300
0
13,520,700
0
445,600
0
19,785,000
0
190,700
0
13,035,100
0
9,669,200
0
4,532,500
557,900
0
0
288,800
0
102,300
0
5,300
0
15,700
0
469,100
1,111,200
3,501,200
0
239,100
949,800
567,900
0
0
0
16,500
0
4,272,200
0
8,200
0
592,200
0
0
0
489,599,000
25,055,800
27,254,600
402,000
49,034,105
2,997,350
30,584,700
848,850
66,181,500
359,300
113,522,100
811,300
143,926,600
4,678,100
373,571,000
9,016,600
55,873,100
2,795,950
36,845,000
3,679,750
127,975,900
5,966,850
92,413,550
613,800
397,794,875
11,292,550
103,638,200
2,834,050
71,106,150
11,226,500
406,893,686
2,745,050
0
257,049,100
0
415,348,100
38,111,900
0
114,748,200
0
0
0
2,345,000
0
295,161,000
2,122,250
532,441,300
16,114,150
47,624,500
2,947,338,366
399,278,600
0
16,956,000
2,618,900
3,413,816,366
103,560,200
0
14,655,100
0
33,431,550
0
12,726,000
5,094,400
0
11,269,400
0
3,613,300
0
106,200
0
186,500
0
219,100
0
19,855,700
1,112,100
44,887,450
5,234,800
16,558,400
859,750
COMBINED
TOTALS
514,654,800
27,656,600
52,031,455
31,433,550
66,540,800
114,333,400
148,604,700
382,587,600
58,669,050
40,524,750
133,942,750
93,027,350
409,087,425
106,472,250
82,332,650
409,638,736
297,283,250
548,555,450
3,517,376,566
20,967,800
50,122,250
17,418,150
STATUS
HOMESTEAD
NON-HOMESTEAD
202,211,999
312,442,801
17,576,740
10,079,860
23,663,119
28,368,336
17,022,954
14,410,596
19,762,347
46,778,453
52,247,319
62,086,081
70,809,441
77,795,259
107,482,296
275,105,304
32,439,793
26,229,257
22,249,188
18,275,562
37,809,789
96,132,961
41,942,704
51,084,646
185,229,489
223,857,936
65,980,105
40,492,145
25,718,454
56,614,196
119,910,941
289,727,795
88,561,996
208,721,254
184,079,611
364,475,839
1,314,698,285
2,202,678,281
10,963,592
10,004,208
17,025,979
33,096,271
9,107,503
8,310,647
4/9/2010
8:09 AM
EMMET COUNTY 2010 TAXABLE VALUES
REAL AND PERSONAL PROPERTY
REAL PROPERTY
CLASSIFICATION
OF PROPERTIES
TOWNSHIPS:
BEAR CREEK
BLISS
CARP LAKE
CENTER
CROSS VILLAGE
FRIENDSHIP
LITTLEFIELD
LITTLE TRAVERSE
MAPLE RIVER
Page 10
McKINLEY
PLEASANTVIEW
READMOND
RESORT
SPRINGVALE
WAWATAM
WEST TRAVERSE
CITIES:
HARBOR SPRINGS
PETOSKEY
TOTALS:
VILLAGES*
ALANSON
MACKINAW CITY
PELLSTON
2010ECEQRptCEVTXB(9-10).xls
AGRICULTURAL
RESIDENTIAL
COMMERCIAL
TIMBER CUTOVER
INDUSTRIAL
DEVELOPMENTAL
TOTAL REAL
TOTAL PERSONAL
5,348,467
267,842,607
3,337,200
16,459,845
2,906,092
29,737,421
1,542,897
19,185,337
0
52,758,491
0
93,085,037
1,088,474
101,559,296
1,293,010
226,615,417
2,370,157
37,303,775
1,739,143
20,470,328
0
102,498,963
0
73,413,410
5,093,539
249,969,336
1,193,649
83,571,421
0
38,624,335
738,241
286,138,810
111,497,145
0
139,296
0
1,925,844
0
145,148
0
909,620
0
1,935,487
0
10,534,230
0
22,992,769
0
2,559,002
0
5,740,198
0
11,019,718
0
371,698
0
13,293,133
0
156,820
0
11,958,983
0
8,216,694
0
3,476,193
470,144
0
0
261,582
0
101,324
0
4,333
0
6,307
0
374,215
360,074
2,281,617
0
66,996
737,951
456,783
0
0
0
14,421
0
3,116,398
0
4,245
0
555,951
0
0
0
388,634,556
25,052,657
19,936,341
402,000
34,830,939
2,997,350
20,974,706
848,850
53,672,444
359,300
95,026,831
811,300
113,916,289
4,678,100
253,182,813
9,016,600
43,037,881
2,791,165
28,406,452
3,679,750
113,518,681
5,966,850
73,799,529
613,800
271,472,406
11,292,550
84,926,135
2,834,050
51,139,269
9,953,460
295,093,745
2,745,050
0
197,036,881
0
374,321,620
29,550,354
0
96,836,376
0
0
0
2,061,437
0
226,587,235
2,122,250
473,219,433
16,114,150
26,650,869
2,270,592,330
329,782,515
0
12,781,802
1,568,169
2,641,375,685
102,279,232
0
12,958,670
0
22,446,199
0
10,746,556
4,400,969
0
10,290,124
0
2,946,895
0
87,687
0
156,594
0
179,964
0
17,447,326
1,112,100
32,892,917
5,018,664
13,873,415
859,750
COMBINED
TOTALS
413,687,213
20,338,341
37,828,289
21,823,556
54,031,744
95,838,131
118,594,389
262,199,413
45,829,046
32,086,202
119,485,531
74,413,329
282,764,956
87,760,185
61,092,729
297,838,795
228,709,485
489,333,583
2,743,654,917
18,559,426
37,911,581
14,733,165
STATUS
HOMESTEAD
NON-HOMESTEAD
181,373,238
232,313,975
12,859,276
7,479,065
17,554,026
20,274,263
12,521,210
9,302,346
16,430,289
37,601,455
44,883,646
50,954,485
59,034,494
59,559,895
87,940,705
174,258,708
26,595,997
19,233,049
17,395,274
14,690,928
33,302,720
86,182,811
34,617,067
39,796,262
133,756,043
149,008,913
55,699,406
32,060,779
18,939,884
42,152,845
107,812,241
190,026,554
66,937,161
161,772,324
163,329,392
326,004,191
1,090,982,069
1,652,672,848
9,790,637
8,768,789
13,052,801
24,858,780
8,010,832
6,722,333
EMMET COUNTY 2010
STATE EQUALIZED VALUES AND TAXABLE VALUES
(INDICATES PERCENT OF CHANGE)
1,847,701,236
2001
10.97%
2,331,215,558
2,002,453,097
14.92%
8.38%
2002
14.36%
2,666,079,644
2,117,532,624
5.75%
2003
10.28%
2,940,067,642
2,259,869,504
% CHG
6.72%
TAXABLE
2004
3,256,273,660
Page 11
%CHG
SEV
6.20%
2,399,925,714
2005
10.76%
7.82%
3,510,887,168
6.65%
2,559,443,004
2006
3,748,823,600
2,711,947,349
2007
6.78%
5.96%
3,905,752,158
2,803,831,924
3.39%
2008
3,980,421,944
2,894,005,117
3,969,826,965
-5.20%
2010
3,517,376,566
0
500,000,000
1,000,000,000
1,500,000,000
2,000,000,000
2,500,000,000
BILLIONS OF DOLLARS
3,000,000,000
1.91%
3.22%
2009
2,743,654,917
4.19%
3,500,000,000
4,000,000,000
-11.40%
4,500,000,000
-0.27%
Proposal A
On March 15, 1994, Michigan voters approved the
constitutional amendment known as Proposal A.
Proposal A was designed to limit the growth in
property taxes by the Consumer Price Index (CPI) until
ownership in the property was transferred.
How It Works
UNDERSTANDING
“PROPOSAL A”
IN A DECLINING
MARKET
2010 EDITION
Prior to Proposal A, property taxes were based upon
State Equalized Value (SEV). With the implementation
of Proposal A, property taxes are now based upon
Taxable Value.
Each year, the Assessing Office must calculate the SEV
for every property based upon the time frame as
outlined by the State Tax Commission. A property’s
taxable status is determined as of December 31, which
is called Tax Day.
Additionally, each property has a Capped Value.
Capped Value is calculated by multiplying the prior
year’s Taxable Value, with adjustments for additions
and losses, by the CPI as calculated by the State of
Michigan and cannot increase by more than 5%. For
2010, the CPI has been calculated at -0.30%.
(*)Local Units CANNOT develop, adopt or use an
inflation rate multiplier other than -0.30% in 2010.
Taxable Value (TV), which property taxes are based
on, is defined as the Lesser of State Equalized Value or
Capped Value.(adjusted for physical change times the C.P.I)
Generally speaking, this means that unless the
current year SEV is less than the previous year
Taxable Value multiplied by the CPI, the current
years Taxable Value will increase / decrease by the CPI.
SEV = 50% of True Cash Value
Capped Value =
(Prior TV-Losses) x (1+ CPI*) + Additions
* Percent of change in the rate of inflation or 5%,
whichever is less, expressed as a multiplier
Taxable Value =
The lesser of State Equalized Value or Capped Value
unless there is a transfer of ownership.
The Equalization Timetable
With significant evidence of declining market values, the
Emmet County Equalization Department has allowed the
Local Assessors to consider a 12 month sales study to
determine values for the 2010 assessment cycle.
For 2010 assessments, the 12 month sales study begins
October 1, 2008 and ends September 30, 2009.
Use of a 12 month study allows 2010 assessments to more
accurately reflect current market conditions, however, any sale
that occurs after September 30, 2009 will not be used for
assessment purposes until the 2011 assessment roll. It is
important to remember this when reviewing your 2010
assessment. Any appeal to the Board of Review should use
data from the time period of study and not use sales occurring
after the time period of study.
Actual Sale Price is not True
Cash Value
The law defines True Cash Value as the usual selling price of a
property. The Legislature and the Courts have very clearly
stated that the actual selling price of a property is not a
controlling factor in the True Cash Value or State
Equalized Value as calculated by the Assessor. For this
reason, when analyzing sales for the purpose of determining
assessment changes, the Assessing Office will review all sales
but exclude non-representative sales from the assessment
analysis.
Foreclosure Sales
The sale of foreclosed properties is having an impact on the
real estate market in general. Recent changes in State
Guidelines have occurred which allow for the use of foreclosed
sales in our analysis IF certain conditions are met.
If the foreclosure sale has been analyzed, properly verified and
meets the conditions of a fair and representative market
transaction, it can be included in the State Tax Commission
One-Year sales study. Not all foreclosures are considered as
typical sales in the valuation of property for assessment
purposes nor are they reliable indicators of value when making
market comparisons for current assessed values or appeals.
Transfers of Ownerships and
Uncapping of Assessments
According to Proposal A, when a property (or interest
in a property) is transferred, the following year’s SEV
becomes that year’s Taxable Value. In other words, if
you purchased a property in 2009, the Taxable Value
for 2010 will be the same as the 2010 SEV. The
Taxable Value will then be “capped” again in the
second year following the transfer of ownership.
It is the responsibility of the buyer in a transfer to file a
Property Transfer Affidavit with the Assessors Office
within 45 days of the transfer. Failure to file a Property
Transfer Affidavit will result in a penalty. Property
Transfer Affidavit forms are available at the local
Assessor’s Office or under Local Government Services/
Forms at the following web site link:
www.michigan.gov/treasury/
Again, it is important to note that a property does
not uncap to the selling price but to the SEV in the
year following the transfer of ownership.
Principal Residence
Exemption
If you own and occupy your home as your principal
residence, it may be exempt from a portion of local
school operating taxes. You may check your
percentage of principal residence exemption on your
“Notice of Assessment”.
If the percentage exempt as “Principal Residence” is
0% on your assessment notice and you wish to claim an
exemption for the current year, a Principal Residence
Exemption Affidavit must be completed and filed with
the Assessors Office prior to May 1.
Furthermore, if you currently have a Principal
Residence Exemption on your property and you no
longer own and occupy the property as your primary
residence, you must rescind the Principal Residence
Exemption with the Assessor’s Office.
Forms to claim a new exemption or to rescind a current
exemption are available at the Local Assessor’s Office
during normal business hours or under Local Government
Services/Forms at the following web site link:
www.michigan.gov/treasury/
Example of Declining State
Equalized Value and Increasing
Taxable Value
So What Does it all Mean?
How can I expect my assessment to
change in 2010?
As stated in the Equalization Timetable, for 2010, the
time period of the sales study for assessment review is
October 1, 2008 through September 30, 2009.
Using more current sales data means that almost every
SEV in the city and/or township will be reduced
for 2010. If the reduction in SEV is to a figure less than
the 2009 Taxable Value there will also be a reduction
in Taxable Value for 2010. If your 2010 Taxable
Value goes down, there will be a corresponding
decrease in the 2010 property taxes.
The problem, however, is that there is limited sales data
in the current 12 month study so many neighborhoods
have little or no sales for the Assessor to use for the
2010 assessment roll. Therefore, many neighborhood
adjustments will be based on market activity in the
surrounding areas, general market trends or be frozen
until market levels can be determined. Without
sufficient sales to make proper calculations, you may
find that your 2010 assessment may not go down as
much as you think it should.
How can my SEV go down but my Taxable
value does not go down at the same rate ?
Remember that the definition of Taxable Value is the
lesser of SEV or last year’s Taxable Value (adjusted for
physical changes) times the CPI. (-0.30% for 2010).
Since the beginning of Proposal A in 1994, overall
increases in SEV have generally been greater than the
increase in Taxable Value capped at the CPI. The
longer a property has been owned and capped, the
greater the gap between SEV and Taxable Value. Even
with a decrease in SEV for 2010, if there is still a gap
between SEV and Taxable Value and the 2010 SEV
is greater than the Taxable Value in the previous
year, the Taxable Value will increase / decrease to
the limit of the CPI cap.
This example illustrates a property, purchased in 2000
and uncapped in 2001. In 2001 the SEV becomes the
new Taxable Value and then the property is
subsequently recapped at the CPI. The SEV will
increase or decrease based on market conditions. The
Capped Value is adjusted by the CPI in the following
year. Taxable Value is determined by using the SEV or
Capped Value, whichever is less.
2000
SEV
Capped
Taxable
CPI
$137,500
$106,910
$106,910
1.90%
2001
$116,650
$109,790
$116,650
3.20%
2002
$126,500
$120,382
$120,382
3.20%
2003
$137,500
$122,188
$122,188
1.50%
2004
$145,250
$124,998
$124,998
2.30%
2005
$154,750
$127,873
$127,873
2.30%
2006
$163,000
$132,093
$132,093
3.30%
2007
$169,000
$136,981
$136,981
3.70%
2008
$178,000
$140,131
$140,131
2.30%
2009
$175,000
$146,297
$146,297
4.40%
2010
$170,000
$145,858
$145,858
-.030%
(*)The specific numbers from the US Department of Labor, Bureau of
Labor Statistics are as follows:
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Average
208.936
210.177
210.036
211.080
211.693
213.528
214.823
216.632
218.815
219.964
219.086
218.783
214.463
Ratio 0.997
If, however, the 2010 SEV is lower than the calculation
of last year’s Taxable Value multiplied by the CPI,
then the 2010 Taxable Value will be the same as the
2010 SEV.
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Average
216.573
212.425
210.228
211.143
212.193
212.709
213.240
213.856
215.693
215.351
215.834
215.969
213.768
% Change -.3%
PARCEL COUNT FOR EMMET COUNTY IS BASED ON THE L-4022 REPORT
GRAND TOTAL SQUARE MILEAGE IN EMMET COUNTY IS 482 SQ MILES
Maps
Township/City
Bear Creek
52
Real
Personal
Bliss
52
Real
Personal
Carp Lake
42
Real
Personal
Center
38
Real
Personal
Cross Village
21
Real
Personal
Friendship
36
Real
Personal
Littlefield
35
Real
(Alanson)
Personal
Little Traverse
30
Real
Personal
Maple River
40
Real
Personal
McKinley
43
Real
(Pellston)
Personal
Pleasantview
46
Real
Personal
Readmond
36
Real
Personal
Resort
42
Real
Personal
Springvale
59
Real
Personal
Wawatam
33
Real
(Mackinaw)
Personal
West Traverse
21
Real
Personal
Harbor Springs
24
Real
Personal
Petoskey
63
Real
(Bay Harbor)
Personal
Total Real
Total Personal
Grand Total
2010ECEQRptPrclCo.xls
Mileage
40.59
44.71
35.08
35.15
10.29
31.37
23.53
1.01
18.3
34.41
0.971
34.17
0.9835
35.62
30.93
21.55
46.97
13.79
2.835
13.35
1.281
3.451
1.595
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2983
399
3040
422
3101
478
3279
467
3380
490
3446
476
3623
454
3762
496
3834
521
3866
540
3846
449
513
19
521
23
529
20
555
16
552
15
566
14
572
12
570
13
574
12
575
12
574
12
1015
53
1022
56
1027
59
1040
58
1048
53
1059
61
1063
63
1076
66
1078
53
1079
53
1066
49
498
19
507
21
510
16
533
21
537
15
542
17
549
15
548
17
565
16
563
16
565
16
690
19
695
18
696
18
701
18
700
17
698
20
702
20
703
23
703
13
700
14
690
14
838
11
848
14
859
14
949
15
954
19
1007
22
1065
20
1064
21
1056
18
1059
19
1054
20
2105
142
2124
155
2251
149
2276
159
2402
163
2477
133
2547
138
2587
147
2594
143
2602
137
2653
122
1987
250
2039
267
2064
284
2223
186
2263
161
2290
161
2340
168
2389
177
2476
156
2485
158
2429
142
886
38
905
43
912
51
941
44
952
45
964
38
1007
39
1030
39
1031
40
1029
39
1028
40
762
99
788
111
816
117
834
131
839
116
850
99
853
118
849
100
857
97
854
109
858
110
1417
49
1555
52
1611
58
1679
57
1675
61
1766
62
1792
49
1802
54
1803
57
1806
54
1804
55
754
33
759
32
775
34
796
22
812
24
823
22
824
21
837
21
845
19
850
18
857
17
1680
92
1701
99
1722
94
1812
94
1859
113
1897
107
1933
100
1966
96
2024
96
2056
95
2059
107
1189
13
1245
13
1343
13
1388
13
1398
13
1417
14
1428
15
1463
17
1472
16
1479
15
1474
15
903
95
903
97
907
110
908
101
912
109
918
95
920
98
916
101
916
96
908
101
907
86
1990
167
2009
174
2069
151
2224
79
2227
77
2245
73
2263
69
2277
68
2275
67
2283
67
2288
64
1235
208
1266
227
1269
215
1382
233
1384
217
1399
235
1402
212
1407
214
1409
192
1393
183
1392
187
3414
558
24,859
2,264
27,123
3522
600
25,449
2,424
27,873
3747
602
26,208
2,483
28,691
3712
629
27,232
2,343
29,575
3745
648
27,639
2,356
29,995
3766
598
28,130
2,247
30,377
3779
593
28,662
2,204
30,866
4051
546
29,297
2,216
31,513
4059
519
29,571
2,131
31,702
4081
510
29,668
2,140
31,808
4078
491
29,622
1,996
31,618
Cover Photo – Hwy M-119 & Little Traverse Bay
Taken By: Mr. Gary Appold, Emmet County IT Director

EMMET COUNTY 2010 EQUALIZATION REPORT

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