Grand Traverse County Equalization Report

Transcription

1 Grand Traverse County Equalization Report 1

2 GRAND TRAVERSE COUNTY EQUALIZATION DEPARTMENT 4 BOARDMAN AVENUE STE 13 TRAVERSE CITY, MI Phone: Fax: April 1th, 218 Honorable Board of Commissioners Grand Traverse County Governmental Center 4 Boardman Ave Traverse City, MI Ladies and Gentlemen: The Grand Traverse County Equalization Department has prepared this equalization report as authorized by the County Board of Commissioners. I recommend that the Grand Traverse County Board of Commissioners adopt the proposed County equalized values in this report. This report is a result of an equalization study in every class of real property and of the total personal property in all fourteen (14) assessing units of Grand Traverse County. This report does not embrace any property taxed under P.A. 77 of 1951; P.A. 68 of 1963; P.A. 199 of 1974; P.A. 385 of 1994; P.A. 224 of 1995; P.A. 147 of 1992 or Section 5 of Article IX of the Constitution of the State of Michigan. All County equalized values are subject to review and change by the Michigan State Tax Commission until the fourth Monday in May, when the final order is issued. The resolution adopting the 218 Grand Traverse County Equalization Report is located on the pages following. Respectfully submitted, James D. Baker, MMAO Director Grand Traverse County Equalization Department 2

3 Acknowledgements In facilitating the completion of a project of this nature and magnitude, the support of a number of organizations and individuals was absolutely necessary and I am grateful to all the participants. The burden of maintaining a county-wide property information network while meeting impending statutory deadlines was carried out extraordinarily well by the staff of the Grand Traverse County Equalization Department. I would like to thank the Grand Traverse County Board of Commissioners for providing the Department with the resources to accomplish these duties. I would also like to express my gratitude to the Assessors of the city, townships and villages of Grand Traverse County for their prompt assistance in the assembling and reporting of data for this analysis. Foreword The State Constitution commands the legislature to establish a system of property taxation and of equalization of assessments. The rationale underlying this approach is that the cost of municipal services, such as police, fire protection and education should be borne through taxation imposed upon the general public. That taxation is required to be uniform and fair to all taxpayers; County Equalization is required to ensure that. 3

4 GRAND TRAVERSE COUNTY EQUALIZATION DEPARTMENT REPORTS TO BOARD OF COMMISSIONERS Carol Crawford Chair Ron Clous Vice-Chair Addison Sonny Wheelock Dr. Bob Johnson Dr. Dan Lathrop Cheryl Gore Follette Tom Mair INTERIM MANAGEMENT TEAM Undersheriff Nate Alger Finance Director Dean Bott Deputy Prosecutor Christopher Forsyth DEPARTMENT OF EQUALIZATION James D. Baker Director, MMAO (4) Chris Fieldhouse Deputy Director, MCAO Joel Bremer - Appraiser II, MCAO Michael Barres - Appraiser I, MCAT Susan Karakos Senior Appraiser, MAAO (3) Russ Casselman Appraiser II, MCAO Mike Steffes - GIS Analyst Joshua Green - GIS Technician 4

5 SUPERVISORS, ASSESSORS, PRESIDENTS, & MANAGERS GRAND TRAVERSE COUNTY 218 LOCAL UNIT SUPERVISOR ASSESSOR Acme Township (1) Jay B. Zollinger Dawn Kuhns Blair Township (2) Nicole Blonshine Wendy Witkop East Bay Township (3) Beth Friend James D. Baker Fife Lake Township (4) Linda Forwerck Dawn Kuhns Garfield Charter Township (5) Chuck Korn Amy DeHaan Grant Township (6) Douglas E. Moyer Michelle Englebrecht Green Lake Township (7) Marvin D. Radtke William Muha Long Lake Township (8) Karen J. Rosa Angela Friske Mayfield Township (9) John E. Ockert David Brown Paradise Township (1) Rob Lajko Dawn Kuhns Peninsula Township (11) Rob Manigold Sally Akerley Union Township (12) Doug Mansfield Debra Johnson Whitewater Township (13) Ron Popp Dawn Kuhns PRESIDENT Fife Lake Village (41) David C. McGough Dawn Kuhns Kingsley Village (42) Rodney Bogart Dawn Kuhns MANAGER City of Traverse City (51) Marty Colburn Polly Cairns 5

6 TOWNSHIPS & CITY 218 GRAND TRAVERSE COUNTY - ALL AD VALOREM PROPERTY Parcel Count 217 Parcel Count 218 Parcel Count % Change CEV 217 CEV 218 County Equalized % Change TAXABLE 217 TAXABLE 218 Taxable % Change Acme 3,483 3,483.% $45,47,6 $41,212,8 1.28% $331,32,712 $344,194, % Blair 4,598 4,634.78% $323,377,95 $339,784,3 5.7% $265,875,29 $282,86, % East Bay 8,226 8, % $661,622,4 $693,918,4 4.88% $541,699,42 $567,969, % Fife Lake 1,31 1, % $7,688,2 $71,37,.49% $52,291,829 $54,223, % Garfield 8,95 8,13.43% $1,22,599,1 $1,61,119,4 3.77% $866,712,296 $93,5, % Grant 1,99 1, % $73,774,251 $76,112,4 3.17% $53,58,162 $55,488, % Green Lake 4,15 4,32.42% $332,663,1 $343,142,7 3.15% $275,352,377 $286,961, % Long Lake 5,14 5,48.68% $596,824,5 $627,336,2 5.11% $479,931,652 $55,964, % Mayfield 1,94 1, % $75,151,1 $77,28, % $57,13,647 $59,481, % Paradise 2,58 2,582.8% $15,857,5 $157,475,5 4.39% $123,919,343 $129,856, % Peninsula 4,216 4,23.33% $894,743,8 $923,545,6 3.22% $674,55,682 $72,28, % Union % $28,547,1 $29,288,4 2.6% $24,332,755 $25,449, % Whitewater 2,11 2,3 -.4% $255,2,3 $264,785,1 3.83% $194,59,181 $22,853, % Traverse City 8,781 8, % $1,186,26,675 $1,249,892, % $928,294,158 $985,966, % TOTALS 54,949 55,132.33% $6,77,177,576 $6,324,678, % $4,868,438,486 $5,16,798, % 6

7 TOWNSHIPS & CITY Parcel Count 217 Parcel Count 218 Parcel Count % Change CEV 217 CEV 218 County Equalized % Change TAXABLE 217 TAXABLE 218 Taxable % Change Acme 3,319 3,32.3% $381,185,5 $388,555,7 1.93% $37,44,612 $322,537, % Blair 4,26 4,266.14% $37,526,75 $321,423,7 4.52% $25,65,778 $265,21, % East Bay 7,615 7, % $638,911, $671,229,3 5.6% $518,988,2 $545,28,21 5.7% Fife Lake 1,248 1,248.% $68,459,3 $68,95,3.65% $5,62,929 $52,91, % Garfield 6,69 6,662.8% $944,31,1 $978,464,7 3.65% $788,144,296 $82,845, % Grant 1,38 1,39.1% $67,649,31 $7,43, 3.54% $46,933,221 $49,42, % Green Lake 3,816 3,833.45% $323,6,3 $333,789,4 3.15% $266,289,577 $277,67, % Long Lake 4,86 4,884.49% $588,866,3 $619,187,9 5.15% $471,973,452 $497,815, % Mayfield 1,34 1,45 1.6% $71,386,2 $73,137, % $53,338,747 $55,599, % Paradise 2,487 2,493.24% $144,689,7 $15,767,7 4.2% $117,757,443 $123,153, % Peninsula 4,11 4,18.17% $885,797,5 $914,736,7 3.27% $665,19,382 $693,22, % Union % $26,562,3 $27,39,1 3.12% $22,347,955 $23,561, % Whitewater 1,914 1, % $247,571,3 $256,226,1 3.5% $187,6,358 $194,294, % Traverse City 7,18 7,81.9% $1,134,83,675 $1,194,374,8 5.32% $876,117,158 $93,449,93 6.2% TOTALS 49,712 49,891.36% $5,83,32,235 $6,68,231, % $4,621,628,91 $4,851,87, % TOWNSHIPS & CITY Parcel Count GRAND TRAVERSE COUNTY - REAL PROPERTY 218 GRAND TRAVERSE COUNTY - PERSONAL PROPERTY Parcel Count 218 Parcel Count % Change CEV 217 CEV 218 County Equalized % Change TAXABLE 217 TAXABLE 218 Taxable % Change Acme % $23,862,1 $21,657,1-9.24% $23,862,1 $21,657,1-9.24% Blair % $15,851,2 $18,36, % $15,89,512 $17,649, % East Bay % $22,711,4 $22,689,1 -.1% $22,711,4 $22,689,1 -.1% Fife Lake % $2,228,9 $2,131,7-4.36% $2,228,9 $2,131,7-4.36% Garfield 1,486 1, % $78,568, $82,654,7 5.2% $78,568, $82,654,7 5.2% Grant % $6,124,941 $6,69,4 -.91% $6,124,941 $6,68,7 -.92% Green Lake % $9,62,8 $9,353,3 3.21% $9,62,8 $9,353,3 3.21% Long Lake % $7,958,2 $8,148,3 2.39% $7,958,2 $8,148,3 2.39% Mayfield % $3,764,9 $3,891,7 3.37% $3,764,9 $3,881,8 3.1% Paradise % $6,167,8 $6,77,8 8.76% $6,161,9 $6,72,6 8.77% Peninsula % $8,946,3 $8,88,9-1.54% $8,946,3 $8,88,9-1.54% Union % $1,984,8 $1,898,3-4.36% $1,984,8 $1,888, % Whitewater % $7,449, $8,559, 14.9% $7,448,823 $8,559, 14.9% Traverse City 1,763 1,8 2.1% $52,177, $55,517, % $52,177, $55,517, % TOTALS 5,237 5,241.8% $246,857,341 $256,447, % $246,89,576 $255,71, % 7

8 $41,212,8 $344,194,667 $339,784,3 $282,86,283 $693,918,4 $567,969,31 $71,37, $54,223,538 $1,61,119,4 $93,5,416 $76,112,4 $55,488,817 $343,142,7 $286,961,218 $627,336,2 $55,964,89 $77,28,772 $59,481,457 $157,475,5 $129,856,563 $923,545,6 $72,28,945 $29,288,4 $25,449,481 $264,785,1 $22,853,18 $1,249,892,256 $985,966,549 $1,3,, $1,2,, $1,1,, $1,,, $9,, $8,, $7,, $6,, $5,, $4,, $3,, $2,, $1,, $ 218 COUNTY EQUALIZED & TAXABLE VALUES BY UNIT 218 County Equalized Value 218 Taxable Value 8

9 1.28% 3.89% 5.7% 6.39% 4.88% 4.85%.49% 3.69% 3.77% 4.24% 3.17% 4.58% 3.15% 4.22% 5.11% 5.42% 2.5% 4.16% 4.39% 4.79% 3.22% 4.15% 2.6% 4.59% 3.83% 4.29% 5.36% 6.21% 8.% 7.% 6.% 5.% 4.% 3.% 2.% 1.%.% 218 COUNTY EQUALIZED & TAXABLE VALUE ONE YEAR CHANGE PERCENTAGES BY UNIT County Equalized % Change Taxable % Change 9

10 $5,92,332,312 $4,478,431,81 $5,59,516,828 $4,392,56,777 $5,244,751,933 $4,298,414,642 $5,128,714,773 $4,286,13,69 $5,213,555,36 $4,396,631,123 $5,324,497,292 $4,474,83,286 $5,528,183,66 $4,62,528,695 $5,761,372,513 $4,698,287,253 $6,77,177,576 $4,868,438,486 $6,324,678,828 $5,127,59,14 $6,,, $5,,, $4,,, $3,,, $2,,, $1,,, $ 1 YEAR GRAND TRAVERSE COUNTY COUNTY EQUALIZED & TAXABLE VALUES County Equalized Value Taxable Value 1

11 FRACTIONAL UNIT 218 COUNTY EQUALIZED VALUES TOTAL CEV: $6,324,678,828 11

12 FRACTIONAL UNIT 218 COUNTY TAXABLE VALUES TOTAL VALUE: $5,16,798,342 12

13 GRAND TRAVERSE COUNTY 218 COUNTY EQUALIZED VALUES BY CLASSIFICATION TOTAL VALUE: $6,324,678,828 13

14 GRAND TRAVERSE COUNTY 218 TAXABLE VALUES BY CLASSIFICATION TOTAL VALUE: $5,16,798,342 14

15 3/27/218 1:54 AM Parcel Count Report Page: DB: 1/1 Gt18 County: 28- GRAND TRAVERSE Real Personal Grand Governmental Unit Ag Comm Ind Res T-C Dev Total Ag Comm Ind Res Util Total Exempt Total ACME TWP (1) BLAIR TWP (2) EAST BAY CHTR TWP (3) FIFE LAKE TWP (4) GARFIELD CHTR TWP (5) GRANT TWP (6) GREEN LAKE TWP (7) LONG LAKE TWP (8) MAYFIELD TWP (9) PARADISE TWP (1) PENINSULA TWP (11) UNION TWP (12) WHITEWATER TWP (13) TRAVERSE CITY (51) Totals

16 3/27/218 11:47 AM Equalization Report GRAND TRAVERSE Page: DB: 1/5 Gt18 Assessment Assessed Equalized Assessed Equalized Assessed Equalized % County Unit Real Ratio Real Factor Personal Ratio Personal Total Total Total -- 1 ACME TWP (1) -- Agricultural 14,165, ,165,3 1. Commercial 52,977, ,977,7 1. Industrial 3,81, ,81, 1. Residential 318,331, ,331,7 1. Timber-Cutover Developmental Totals 388,555,7 388,555,7 21,657, ,657,1 41,212,8 41,212, BLAIR TWP (2) -- Agricultural 5,28, ,28,5 1. Commercial 6,79, ,79,7 1. Industrial 3,119, ,119,8 1. Residential 252,232, ,232,7 1. Timber-Cutover Developmental Totals 321,423,7 321,423,7 18,36, ,36,6 339,784,3 339,784, EAST BAY CHTR TWP (3) -- Agricultural 4,444, ,444,1 1. Commercial 72,288, ,288,5 1. Industrial 12,126, ,126,6 1. Residential 582,37, ,37,1 1. Timber-Cutover Developmental Totals 671,229,3 671,229,3 22,689, ,689,1 693,918,4 693,918, FIFE LAKE TWP (4) -- Agricultural 2,982, ,982,8 1. Commercial 4,314, ,314,1 1. Industrial 597, ,7 1. Residential 61,1, ,1,7 1. Timber-Cutover Developmental Totals 68,95,3 68,95,3 2,131,7 5. 2,131,7 71,37, 71,37,

17 3/27/218 11:47 AM Equalization Report GRAND TRAVERSE Page: DB: 2/5 Gt18 Assessment Assessed Equalized Assessed Equalized Assessed Equalized % County Unit Real Ratio Real Factor Personal Ratio Personal Total Total Total -- 5 GARFIELD CHTR TWP (5) -- Agricultural Commercial 384,593, ,593,9 1. Industrial 28,561, ,561,1 1. Residential 565,39, ,39,7 1. Timber-Cutover Developmental Totals 978,464,7 978,464,7 82,654, ,654,71,61,119,41,61,119, GRANT TWP (6) -- Agricultural 14,679, ,679, 1. Commercial 723, ,5 1. Industrial 559, , 1. Residential 54,81, ,81,5 1. Timber-Cutover Developmental Totals 7,43, 7,43, 6,69,4 5. 6,69,4 76,112,4 76,112, GREEN LAKE TWP (7) -- Agricultural Commercial 15,535, ,535,1 1. Industrial 4,382, ,382,4 1. Residential 313,871, ,871,9 1. Timber-Cutover Developmental Totals 333,789,4 333,789,4 9,353,3 5. 9,353,3 343,142,7 343,142, LONG LAKE TWP (8) -- Agricultural 7,2, ,2,9 1. Commercial 13,275, ,275,9 1. Industrial 979, ,1 1. Residential 597,732, ,732, 1. Timber-Cutover Developmental Totals 619,187,9 619,187,9 8,148,3 5. 8,148,3 627,336,2 627,336,

18 3/27/218 11:47 AM Equalization Report GRAND TRAVERSE Page: DB: 3/5 Gt18 Assessment Assessed Equalized Assessed Equalized Assessed Equalized % County Unit Real Ratio Real Factor Personal Ratio Personal Total Total Total -- 9 MAYFIELD TWP (9) -- Agricultural 16,536, ,536, Commercial 4,55, ,55,8 1. Industrial 1, ,6 1. Residential 52,443, ,443, Timber-Cutover Developmental Totals 73,137,72 73,137,72 3,891,7 5. 3,891,7 77,28,772 77,28, PARADISE TWP (1) -- Agricultural 7,958, ,958,9 1. Commercial 8,516, ,516,5 1. Industrial 126, ,5 1. Residential 134,165, ,165,8 1. Timber-Cutover Developmental Totals 15,767,7 15,767,7 6,77,8 5. 6,77,8 157,475,5 157,475, PENINSULA TWP (11) -- Agricultural 6,225, ,225,6 1. Commercial 19,21, ,21,9 1. Industrial 521, ,5 1. Residential 834,967, ,967,7 1. Timber-Cutover Developmental Totals 914,736,7 914,736,7 8,88,9 5. 8,88,9 923,545,6 923,545, UNION TWP (12) -- Agricultural Commercial 636, ,5 1. Industrial 51, ,1 1. Residential 26,72, ,72,5 1. Timber-Cutover Developmental Totals 27,39,1 27,39,1 1,898,3 5. 1,898,3 29,288,4 29,288,

19 4/3/218 4:9 PM Equalization Report GRAND TRAVERSE Page: DB: 4/5 Gt18 Assessment Assessed Equalized Assessed Equalized Assessed Equalized % County Unit Real Ratio Real Factor Personal Ratio Personal Total Total Total WHITEWATER TWP (13) -- Agricultural 14,313, ,313,9 1. Commercial 4,353, ,353,2 1. Industrial 2,492, ,492,5 1. Residential 235,66, ,66,5 1. Timber-Cutover Developmental Totals 256,226,1 256,226,1 8,559, 5. 8,559, 264,785,1 264,785, TRAVERSE CITY (51) -- Agricultural Commercial 41,859, ,859,2 1. Industrial 3,391, ,391,7 1. Residential 762,123, ,123,9 1. Timber-Cutover Developmental Totals 1,194,374,8 1,194,374,8 55,517, ,517,4561,249,892,2561,249,892,

20 3/27/218 11:47 AM Equalization Report GRAND TRAVERSE Page: DB: 5/5 Gt18 Grand Totals Assessed Equalized % Real Assessed Equalized Assessed Equalized Assessed Equalized Real Real Total Personal Personal % County % County Total Total Agricultural 147,787, ,787, Commercial 1,42,942,5 1,42,942, Industrial 87,9,6 87,9, Residential 4,79,41,598 4,79,41, Timber-Cutover... Developmental... Personal 256,447, ,447, ,68,231,472 6,68,231, ,447, ,447, ,324,678,828 6,324,678,828 2

21 Michigan Department of Treasury STC 68 (Rev. 3-2) Grand Traverse County Personal and Real Property - TOTALS L-424 Statement of acreage and valuation in the year 218 made in accordance with Sections of the Michigan Compiled Laws. Number of Acres Assessed Total Real Property Valuations Personal Property Valuations Total Real Plus Personal Property Township or City Acme (Col. 1) Acres Hundredths 13, (Col. 2) Assessed Valuations 388,555,7 (Col. 3) Equalized Valuations 388,555,7 (Col. 4) Assessed Valuations 21,657,1 (Col. 5) Equalized Valuations 21,657,1 (Col. 6) Assessed Valuations 41,212,8 (Col. 7) Equalized Valuations 41,212,8 Blair 22, ,423,7 321,423,7 18,36,6 18,36,6 339,784,3 339,784,3 East Bay 28, ,229,3 671,229,3 22,689,1 22,689,1 693,918,4 693,918,4 Fife Lake 22, ,95,3 68,95,3 2,131,7 2,131,7 71,37, 71,37, Garfield 13, ,464,7 978,464,7 82,654,7 82,654,7 1,61,119,4 1,61,119,4 Grant 22, ,43, 7,43, 6,69,4 6,69,4 76,112,4 76,112,4 Green Lake 18, ,789,4 333,789,4 9,353,3 9,353,3 343,142,7 343,142,7 Long Lake 19, ,187,9 619,187,9 8,148,3 8,148,3 627,336,2 627,336,2 Mayfield 23, ,137,72 73,137,72 3,891,7 3,891,7 77,28,772 77,28,772 Paradise 3, ,767,7 15,767,7 6,77,8 6,77,8 157,475,5 157,475,5 Peninsula 17, ,736,7 914,736,7 8,88,9 8,88,9 923,545,6 923,545,6 Union 23, ,39,1 27,39,1 1,898,3 1,898,3 29,288,4 29,288,4 Whitewater 3, ,226,1 256,226,1 8,559, 8,559, 264,785,1 264,785,1 Traverse City 8, ,194,374,8 1,194,374,8 55,517,456 55,517,456 1,249,892,256 1,249,892,256 Totals for County 295, ,68,231,472 6,68,231, ,447, ,447,356 6,324,678,828 6,324,678,828 OFFICE OF THE COUNTY BOARD OF COMMISSIONERS OF GRAND TRAVERSE COUNTY WE HEREBY CERTIFY that the foregoing is a true statement of the number of acres of land, the value of the real property and of the personal property, the aggregate valuation of the real property and personal property, the equalized and assessed valuations of real property classifications in each township and city in said county as equalized by the Board of Commissioners in April of the reporting year, at a meeting of said board held in pursuant to the provisions of sections , MCL. I 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. 225 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, 2 Equalization Director Clerk of the Board of Commissioners Chairperson of Board of Commissioners 21

22 Michigan Department of Treasury STC 68 (Rev. 3-2) Grand Traverse County Equalized Valuations - REAL Statement of acreage and valuation in the year 218 made in accordance with Sections of the Michigan Compiled Laws. Township or City Acme Blair East Bay Fife Lake Garfield Grant Green Lake Long Lake Mayfield Paradise Peninsula Union Whitewater Traverse City Total for County (Col. 1) Agricultural 14,165,3 5,28,5 4,444,1 2,982,8 14,679, 7,2,9 16,536,774 7,958,9 6,225,6 14,313,9 147,787,774 (Col. 2) Commercial Real Property Equalized by County Board of Commissioners (Col. 3) (Col. 4) Industrial Residential 52,977,7 6,79,7 72,288,5 4,314,1 384,593,9 723,5 15,535,1 13,275,9 4,55,8 8,516,5 19,21,9 636,5 4,353,2 41,859,2 1,42,942,5 3,81, 3,119,8 12,126,6 597,7 28,561,1 559, 4,382,4 979,1 1,6 126,5 521,5 51,1 2,492,5 3,391,7 87,9,6 318,331,7 252,232,7 582,37,1 61,1,7 565,39,7 54,81,5 313,871,9 597,732, 52,443, ,165,8 834,967,7 26,72,5 235,66,5 762,123,9 4,79,41,598 (Col. 5) Timber-Cutover (Col. 6) Developmental L-424 (Col. 7) Total Real Property 388,555,7 321,423,7 671,229,3 68,95,3 978,464,7 7,43, 333,789,4 619,187,9 73,137,72 15,767,7 914,736,7 27,39,1 256,226,1 1,194,374,8 6,68,231,472 Dated, 2 OFFICE OF THE COUNTY BOARD OF COMMISSIONERS OF GRAND TRAVERSE COUNTY WE HEREBY CERTIFY that the foregoing is a true statement of the number of acres of land, the value of the real property and of the personal property, the aggregate valuation of the real property and personal property, the equalized and assessed valuations of real property classifications in each township and city in said county as equalized by the Board of Commissioners in April of the reporting year, at a meeting of said board held in pursuant to the provisions of sections , MCL. I 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. 225 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. Equalization Director Clerk of the Board of Commissioners Chairperson of Board of Commissioners 22

23 Michigan Department of Treasury STC 68 (Rev. 3-2) Grand Traverse County Assessed Valuations - REAL Statement of acreage and valuation in the year 218 made in accordance with Sections of the Michigan Compiled Laws. L-424 Township or City (Col. 1) Agricultural Real Property Assessed Valuations Approved by Boards of Review (Col. 3) (Col. 4) Industrial Residential (Col. 2) Commercial (Col. 5) Timber-Cutover (Col. 6) Developmental (Col. 7) Total Real Property Acme 14,165,3 52,977,7 3,81, 318,331,7 388,555,7 Blair 5,28,5 6,79,7 3,119,8 252,232,7 321,423,7 East Bay 4,444,1 72,288,5 12,126,6 582,37,1 671,229,3 Fife Lake 2,982,8 4,314,1 597,7 61,1,7 68,95,3 Garfield 384,593,9 28,561,1 565,39,7 978,464,7 Grant 14,679, 723,5 559, 54,81,5 7,43, Green Lake 15,535,1 4,382,4 313,871,9 333,789,4 Long Lake 7,2,9 13,275,9 979,1 597,732, 619,187,9 Mayfield 16,536,774 4,55,8 1,6 52,443,898 73,137,72 Paradise 7,958,9 8,516,5 126,5 134,165,8 15,767,7 Peninsula 6,225,6 19,21,9 521,5 834,967,7 914,736,7 Union 636,5 51,1 26,72,5 27,39,1 Whitewater 14,313,9 4,353,2 2,492,5 235,66,5 256,226,1 Traverse City 41,859,2 3,391,7 762,123,9 1,194,374,8 Total for County 147,787,774 1,42,942,5 87,9,6 4,79,41,598 6,68,231,472 OFFICE OF THE COUNTY BOARD OF COMMISSIONERS OF GRAND TRAVERSE COUNTY WE HEREBY CERTIFY that the foregoing is a true statement of the number of acres of land, the value of the real property and of the personal property, the aggregate valuation of the real property and personal property, the equalized and assessed valuations of real property classifications in each township and city in said county as equalized by the Board of Commissioners in April of the reporting year, at a meeting of said board held in pursuant to the provisions of sections , MCL. I 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. 225 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, 2 Equalization Director Clerk of the Board of Commissioners Chairperson of Board of Commissioners 23

24 R E S O L U T I O N XXX-218 Equalization Report 218 WHEREAS, The Grand Traverse County Equalization Department has established the various valuations of each of the units of government of Grand Traverse County, and WHEREAS, each of the thirteen (13) townships, two (2) villages and one (1) city have had the opportunity to review the equalization factors with the Equalization Department, and WHEREAS, this Board of Commissioners feels that these valuations are in order, NOW THEREFORE, BE IT RESOLVED, that the Grand Traverse County Board of Commissioners has adopted the 218 equalized valuations for each city, village, and township recommended by the Grand Traverse County Equalization Director, as contained in this report, pursuant to Sec MCL 1948, as amended. Dated: 24