NOTICE GRAND TRAVERSE COUNTY BOARD OF COMMISSIONERS EQUALIZATION MEETING Tuesday, April 15, 214 @ 2: p.m. Commission Chambers, Governmental Center, 4 Boardman Avenue Traverse City, Michigan 49684 The Board of the Commissioners Equalization Meeting has been set for the date and time noted above. The purpose of the meeting is identified in the Agenda below. If you are planning to attend and you have a disability requiring any special assistance at the meeting, please notify the County Clerk immediately at 922-476. AGENDA I. CALL TO ORDER (Invocation, Pledge, Roll Call) II. FIRST PUBLIC COMMENT Any person shall be permitted to address a meeting of the Board of Commissioners which is required to be open to the public under the provision of the Michigan Open Meetings Act. Public Comment shall be carried out in accordance with the following Board Rules and Procedures: Any person wishing to address the Board shall state his or her name and address. No person shall be allowed to speak more than once on the same matter, excluding time needed to answer Commissioners questions, if any. The Chairperson shall control the amount of time each person shall be allowed to speak, which shall not exceed three (3) minutes. The Chairperson may, at his or her discretion, extend the amount of time any person is allowed to speak. Public comment will be solicited during the two public comment periods noted in Rule 5.4, Order of Business. However, public comment will generally be received at any time during the meeting regarding a specific topic currently under discussion by the board. Members of the public wishing to comment should raise their hand or pass a note to the clerk in order to be recognized, and shall not address the board until called upon by the chairperson. III. EQUALIZATION: Presentation of Annual Report as required by MCL 211.34. IV. SECOND PUBLIC COMMENT V. ADJOURNMENT Board of Commissioners Herb Lemcool, Chairman Sonny Wheelock, Vice Chair Larry Inman Richard Thomas Dan Lathrop Charlie Renny Christine Maxbauer
Grand Traverse County 214 Equalization Report
GRAND TRAVERSE COUNTY EQUALIZATION DEPARTMENT 4 BOARDMAN AVENUE TRAVERSE CITY, MI 49684-2577 Phone: 231.922.4772 Fax: 231.922.4447 www.co.grand-traverse.mi.us April 15, 214 Honorable Board of Commissioners Grand Traverse County Governmental Center 4 Boardman Ave Traverse City, MI 49684 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 or 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 214 Grand Traverse County Equalization Report is located on the pages following. Respectfully submitted, James D. Baker, MMAO Director Grand Traverse County Equalization Department 1 of 22
Equalization 214 April 15, 214 By Grand Traverse County Board of Commissioners: 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, THEREOFRE, BE IT RESOLVED, that the Grand Traverse County Board of Commissioners has adopted the 214 equalized valuations for each city, village, and township recommended by the Grand Traverse County Equalization Director, as contained in this report, pursuant to Sec. 211.34 MCL 1948, as amended. 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. Also, I would like to express my gratitude to the Assessors of the cities, townships, and villages of Grand Traverse County for their prompt assistance in the assembling and reporting of data for this analysis. FORWARD The State Constitution commands the legislature to establish a system of property taxation and a system of equalization of assessments. The rationale underlying this approach is that the cost of municipal services, such as police and fire protection, and education should be borne through taxation imposed upon the general public. Taxation is required to be uniform and fair to all taxpayers. County equalization is required to insure that property taxes are uniform and fair within each County and within the State. 2 of 22
GRAND TRAVERSE COUNTY EQUALIZATION DEPARTMENT REPORTS TO BOARD OF COMMISSIONERS Herbert Lemcool Chair Addison Sonny Wheelock Vice-Chair Larry Inman Dr. Dan Lathrop Christine Maxbauer Charlie Renny Richard Thomas ADMINISTRATOR/CONTROLLER David D. Benda DEPARTMENT OF EQUALIZATION James D. Baker Director, MMAO Kathryn A. Wallace Deputy Director, MAAO Linda Priest Appraiser II, MCAO Susan Karakos Appraiser III, MAAO Russ Casselman Appraiser II, MCAO Patty Aprea Appraiser, MCAO Warren Parrish Account Clerk Specialist, PPE 3 of 22
SUPERVISORS, ASSESSORS, PRESIDENTS, & MANAGERS GRAND TRAVERSE COUNTY 214 LOCAL UNIT SUPERVISOR ASSESSOR Acme Township (1) Jay B. Zollinger Dawn Kuhns Blair Township (2) Patrick Pahl Wendy Witkop East Bay Township (3) Glen Lile James D. Baker Fife Lake (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) Paul Biondo Lee Wilson Long Lake Township (8) Karen J Rosa Angela Friske Mayfield Township (9) John E Ockert Kathryn Wilson Paradise Township (1) Tim Trudell Dawn Kuhns Peninsula Township (11) Peter Correia Sally Akerley Union Township (12) Doug Mansfield Debra Johnson Whitewater Township (13) Ron Popp Dawn Kuhns PRESIDENT Fife Lake Village (41) Lisa Leedy Dawn Kuhns Kingsley Village (42) Rodney Bogart Dawn Kuhns MANAGER City of Traverse City (51) Jered Ottenwess Polly Cairns 4 of 22
TOWNSHIPS & CITY 214 GRAND TRAVERSE COUNTY - ALL AD VALOREM PROPERTY Parcel Count 213 Parcel Count 214 % Change CEV 213 CEV 214 % Change TAXABLE 213 TAXABLE 214 % Change Acme 3,512 3,499 -.37% $348,186,6 $354,98,6 1.95% $293,417,13 $297,75,18 1.46% Blair 4,418 4,443.57% $28,519,46 $288,19,939 2.73% $242,186,352 $246,94,995 1.96% East Bay 8,323 8,282 -.49% $594,69,951 $596,959,7.38% $52,346,431 $57,658,665 1.6% Fife Lake 1,33 1,34.8% $6,851, $6,191,1-1.8% $49,837,82 $5,18,453.36% Garfield 8,161 8,123 -.47% $894,643,9 $931,528,5 4.12% $812,964,319 $822,874,81 1.22% Grant 1,15 1,13 -.18% $61,19,9 $63,713,6 4.26% $46,84,197 $49,17,74 4.84% Green Lake 4,16 4,12 -.1% $28,16,88 $292,728,4 4.51% $25,851,585 $26,946,16 4.2% Long Lake 4,928 4,938.2% $474,53,9 $498,868,8 5.13% $411,15,419 $425,939,461 3.6% Mayfield 1,114 1,113 -.9% $66,842,647 $69,47,147 3.93% $53,142,587 $55,396,995 4.24% Paradise 2,525 2,527.8% $137,198,1 $136,248,8 -.69% $113,938,395 $114,316,687.33% Peninsula 4,178 4,194.38% $787,528, $799,662,3 1.54% $598,646,282 $613,89,269 2.55% Union 433 435.46% $28,879,31 $27,116,1-6.11% $23,622,84 $22,683,573-3.98% Whitewater 2,1 2,7 -.15% $225,167,8 $224,712,5 -.2% $182,65,361 $182,232,168.9% Traverse City 8,639 8,45-2.71% $973,299,912 $98,126,4.7% $815,621,522 $824,372,958 1.7% TOTALS 54,665 54,385 -.51% $5,213,555,36 $5,324,497,292 2.13% $4,396,631,123 $4,474,83,286 1.762% 5 of 22
TOWNSHIPS & CITY Parcel Count 213 Parcel Count 214 % Change CEV 213 CEV 214 % Change TAXABLE 213 TAXABLE 214 % Change ACME 3,331 3,327 -.12% $333,355,3 $339,532,8 1.85% $278,585,713 $282,257,218 1.32% BLAIR 4,124 4,144.48% $263,8,96 $271,49,69 2.91% $225,467,852 $23,24,665 2.12% EAST BAY 7,539 7,531 -.11% $57,97,51 $572,498,4.28% $478,59,34 $483,376,426 1.% FIFE LAKE 1,241 1,245.32% $58,9,3 $57,37,8-1.21% $46,996,12 $47,27,218.45% GARFIELD 6,68 6,67 -.15% $81,59,9 $845,837,2 5.59% $719,38,319 $737,183,51 2.47% GRANT 1,41 1,42.1% $56,45,3 $57,336,26 1.65% $42,136,266 $42,774,255 1.51% GREEN LAKE 3,823 3,816 -.18% $268,27,9 $276,232,2 3.6% $238,775,623 $244,449,96 2.38% LONG LAKE 4,764 4,777.27% $465,216,6 $489,721,1 5.27% $41,836,119 $416,791,761 3.72% MAYFIELD 1,18 1,21.29% $62,447,687 $64,366,657 3.7% $48,747,627 $5,293,685 3.17% PARADISE 2,42 2,426.25% $131,157,6 $13,943,8 -.16% $17,897,895 $19,147,761 1.16% PENINSULA 4,82 4,86.1% $779,186,6 $79,857,5 1.5% $59,38,75 $65,85,469 2.5% UNION 391 392.26% $26,342,44 $25,8,7-4.79% $21,12,21 $2,648,173-2.15% WHITEWATER 1,95 1,95.% $215,47, $215,95,1.4% $171,944,561 $173,432,968.87% TRAVERSE CITY 6,717 6,73.19% $92,677,4 $919,97,1 1.82% $745,9,731 $763,344,733 2.46% TOTALS 49,76 49,112.7% $4,933,64,174 $5,56,27,172 2.48% $4,116,778,82 $4,26,233,82 2.173% TOWNSHIPS & CITY Parcel Count 213 214 GRAND TRAVERSE COUNTY - REAL PROPERTY 214 GRAND TRAVERSE COUNTY - PERSONAL PROPERTY Parcel Count 214 % Change CEV 213 CEV 214 % Change TAXABLE 213 TAXABLE 214 % Change ACME 181 172-4.97% $14,831,3 $15,447,8 4.16% $14,831,3 $15,447,8 4.16% BLAIR 294 299 1.7% $16,718,5 $16,7,33 -.11% $16,718,5 $16,7,33 -.11% EAST BAY 784 751-4.21% $23,783,9 $24,461,3 2.85% $23,756,397 $24,282,239 2.21% FIFE LAKE 62 59-4.84% $2,841,7 $2,883,3 1.46% $2,841,7 $2,811,235-1.7% GARFIELD 1,481 1,453-1.89% $93,584, $85,691,3-8.43% $93,584, $85,691,3-8.43% GRANT 64 61-4.69% $4,74,6 $6,376,8 35.54% $4,73,931 $6,332,819 34.63% GREEN LAKE 193 196 1.55% $12,79,79 $16,496,2 36.56% $12,75,962 $16,496,2 36.6% LONG LAKE 164 161-1.83% $9,314,3 $9,147,7-1.79% $9,314,3 $9,147,7-1.79% MAYFIELD 96 92-4.17% $4,394,96 $5,13,49 16.12% $4,394,96 $5,13,31 16.12% PARADISE 15 11-3.81% $6,4,5 $5,35, -12.18% $6,4,5 $5,168,926-14.43% PENINSULA 96 18 12.5% $8,341,4 $8,84,8 5.56% $8,337,532 $8,84,8 5.6% UNION 42 43 2.38% $2,536,87 $2,35,4-19.77% $2,52,63 $2,35,4-19.25% WHITEWATER 15 12-2.86% $1,12,8 $8,87,4-12.98% $1,12,8 $8,799,2-13.6% TRAVERSE CITY 1,922 1,675-12.85% $7,622,512 $61,29,3-13.58% $7,611,791 $61,28,225-13.57% TOTALS 5,589 5,273-5.65% $279,915,132 $268,29,12-4.15% $279,852,33 $267,849,484-4.289% 6 of 22
25 THROUGH 214 GRAND TRAVERSE COUNTY COUNTY EQUALIZED & TAXABLE VALUES $6,,, $5,,, $4,,, $3,,, $2,,, $4,986,54,174 $3,563,213,564 $5,469,883,48 $3,881,75,544 $5,84,4,183 $4,167,149,385 $5,984,559,164 $4,324,888,638 $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 $1,,, $ 25 26 27 28 29 21 211 212 213 214 County Equalized Value Taxable Value 7 of 22
214 COUNTY EQUALIZED & TAXABLE VALUES BY UNIT $1,,, $9,, $8,, $7,, $6,, $5,, $4,, $3,, $2,, $1,, $ $354,98,6 $297,75,18 $288,19,939 $246,94,995 $596,959,7 $57,658,665 $6,191,1 $5,18,453 $931,528,5 $822,874,81 $63,713,6 $49,17,74 $292,728,4 $26,946,16 $498,868,8 $425,939,461 $69,47,147 $55,396,995 $136,248,8 $114,316,687 $799,662,3 $613,89,269 $27,116,1 $22,683,573 $224,712,5 $182,232,168 $98,126,4 $824,372,958 214 County Equalized Value 214 Taxable Value 8 of 22
FRACTIONAL UNIT 214 COUNTY EQUALIZED VALUES TOTAL VALUE: $5,324,497,292 9 of 22
FRACTIONAL UNIT 214 COUNTY TAXABLE VALUES TOTAL VALUE: $4,474,83,286 1 of 22
6.% 214 COUNTY EQUALIZED & TAXABLE VALUE ONE YEAR CHANGE PERCENTAGES BY UNIT 5.% 4.% 3.% 2.% 1.%.% 1.95% 1.46% 2.73% 1.96%.38% 1.6%.36% 4.12% 1.22% 4.26% 4.84% 4.51% 4.2% 5.13% 3.6% 3.93% 4.24%.33% 1.54% 2.55%.9%.7% 1.7% -1.% -2.% -1.8% -.69% -.2% -3.% -4.% -5.% -6.% -6.11% -3.98% -7.% County Equalized Taxable 11 of 22
GRAND TRAVERSE COUNTY 214 COUNTY EQUALIZED VALUES BY CLASSIFICATION TOTAL VALUE: $5,324,497,292 12 of 22
GRAND TRAVERSE COUNTY 214 TAXABLE VALUES BY CLASSIFICATION TOTAL VALUE: $4,474,83,286 13 of 22
4/1/214 4:45 PM Parcel Count Report Page: DB: 1/1 Gt14 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 TOWNSHIP (1) 73 213 11 33 3327 16 4 8 172 63 3562 BLAIR TWP (2) 35 323 15 3771 4144 262 5 32 299 72 4515 EAST BAY CHTR TWP (3) 28 188 5 7265 7531 681 3 4 751 145 8427 FIFE LAKE TWP (4) 24 46 2 1173 1245 49 3 7 59 69 1373 GARFIELD CHTR TWP (5) 1 76 5594 667 1398 5 5 1453 165 8288 GRANT TWP (6) 142 9 19 872 142 28 1 32 61 23 1126 GREEN LAKE TWP (7) 158 11 3647 3816 181 6 9 196 83 495 LONG LAKE TWP (8) 43 15 4 4625 4777 15 5 6 161 47 4985 MAYFIELD TWP (9) 149 26 4 842 121 67 25 92 16 1129 PARADISE TWP (1) 84 88 8 2246 2426 8 1 2 11 83 261 PENINSULA TWP (11) 213 73 4 3796 486 14 2 2 18 13 4324 UNION TWP (12) 4 5 383 392 12 31 43 44 479 WHITEWATER TWP (13) 74 46 7 1778 195 65 6 31 12 85 292 TRAVERSE CITY (51) 112 51 5667 673 1612 57 6 1675 388 8793 Totals 865 3291 267 44689 49112 4849 168 2 254 5273 1413 55798 14 of 22
4/8/214 11:44 AM Equalization Report GRAND TRAVERSE Page: DB: 1/5 Gt14-15 Eq Study Assessment Assessed Equalized Assessed Equalized Assessed Equalized % County Unit Real Ratio Real Factor Personal Ratio Personal Total Total Total -- 1 ACME TOWNSHIP (1) -- Agricultural 13,852,5 49.72 13,852,5 1. Commercial 48,164,3 49.17 48,164,3 1. Industrial 3,89,4 49.76 3,89,4 1. Residential 274,426,6 49.88 274,426,6 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 339,532,8 339,532,8 15,447,8 5. 15,447,8 354,98,6 354,98,6 6.67 -- 2 BLAIR TOWNSHIP (2) -- Agricultural 4,366,1 5. 4,366,1 1. Commercial 56,399, 49.87 56,399, 1. Industrial 2,574,7 49.88 2,574,7 1. Residential 28,15,89 49.92 28,15,89 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 271,49,69 271,49,69 16,7,33 5. 16,7,33 288,19,939 288,19,939 5.41 -- 3 EAST BAY CHTR TWP (3) -- Agricultural 4,424,1 49.56 4,424,1 1. Commercial 76,495,5 49.6 76,495,5 1. Industrial 1,828,1 49.55 1,828,1 1. Residential 48,75,7 49.95 48,75,7 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 572,498,4 572,498,4 24,461,3 5. 24,461,3 596,959,7 596,959,7 11.21 -- 4 FIFE LAKE TOWNSHIP (4) -- Agricultural 2,439,1 49.9 2,439,1 1. Commercial 4,36, 49.44 4,36, 1. Industrial 68,1 49.4 68,1 1. Residential 49,954,6 49.91 49,954,6 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 57,37,8 57,37,8 2,883,3 5. 2,883,3 6,191,1 6,191,1 1.13 15 of 22
4/8/214 11:44 AM Equalization Report GRAND TRAVERSE Page: DB: 2/5 Gt14-15 Eq Study 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 5. 1. Commercial 357,647, 49.37 357,647, 1. Industrial 24,82,9 49.84 24,82,9 1. Residential 464,17,3 49.94 464,17,3 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 845,837,2 845,837,2 85,691,3 5. 85,691,3 931,528,5 931,528,5 17.5 -- 6 GRANT TOWNSHIP (6) -- Agricultural 12,81,56 49.23 12,81,56 1. Commercial 482,1 49.75 482,1 1. Industrial 566,8 49.48 566,8 1. Residential 43,485,8 49.85 43,485,8 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 57,336,26 57,336,26 6,376,8 5. 6,376,8 63,713,6 63,713,6 1.2 -- 7 GREEN LAKE TOWNSHIP (7) -- Agricultural 5. 1. Commercial 15,587,5 49.94 15,587,5 1. Industrial 4,55,1 49.99 4,55,1 1. Residential 256,589,6 49.93 256,589,6 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 276,232,2 276,232,2 16,496,2 5. 16,496,2 292,728,4 292,728,4 5.5 -- 8 LONG LAKE TOWNSHIP (8) -- Agricultural 8,174,5 49.21 8,174,5 1. Commercial 9,73,6 49.91 9,73,6 1. Industrial 1,47,1 49.39 1,47,1 1. Residential 471,425,9 49.48 471,425,9 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 489,721,1 489,721,1 9,147,7 5. 9,147,7 498,868,8 498,868,8 9.37 16 of 22
4/8/214 11:44 AM Equalization Report GRAND TRAVERSE Page: DB: 3/5 Gt14-15 Eq Study Assessment Assessed Equalized Assessed Equalized Assessed Equalized % County Unit Real Ratio Real Factor Personal Ratio Personal Total Total Total -- 9 MAYFIELD TOWNSHIP (9) -- Agricultural 15,639, 49.95 15,639, 1. Commercial 2,779,1 49.93 2,779,1 1. Industrial 11,8 49.98 11,8 1. Residential 45,846,757 49.58 45,846,757 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 64,366,657 64,366,657 5,13,49 5. 5,13,49 69,47,147 69,47,147 1.3 -- 1 PARADISE TOWNSHIP (1) -- Agricultural 8,16, 5. 8,16, 1. Commercial 8,199,1 49.54 8,199,1 1. Industrial 132,4 49.6 132,4 1. Residential 114,452,3 49.31 114,452,3 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 13,943,8 13,943,8 5,35, 5. 5,35, 136,248,8 136,248,8 2.56 -- 11 PENINSULA TOWNSHIP (11) -- Agricultural 5,593,5 49.98 5,593,5 1. Commercial 12,66,2 49.92 12,66,2 1. Industrial 69,3 49.97 69,3 1. Residential 726,967,5 49.57 726,967,5 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 79,857,5 79,857,5 8,84,8 5. 8,84,8 799,662,3 799,662,3 15.2 -- 12 UNION TOWNSHIP (12) -- Agricultural 5. 1. Commercial 687, 49.83 687, 1. Industrial 6, 49.94 6, 1. Residential 24,333,7 49.86 24,333,7 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 25,8,7 25,8,7 2,35,4 5. 2,35,4 27,116,1 27,116,1.51 17 of 22
4/8/214 11:44 AM Equalization Report GRAND TRAVERSE Page: DB: 4/5 Gt14-15 Eq Study Assessment Assessed Equalized Assessed Equalized Assessed Equalized % County Unit Real Ratio Real Factor Personal Ratio Personal Total Total Total -- 13 WHITEWATER TOWNSHIP (13) -- Agricultural 14,192,8 49.92 14,192,8 1. Commercial 6,34,5 49.62 6,34,5 1. Industrial 2,182,4 49.75 2,182,4 1. Residential 193,225,4 49.97 193,225,4 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 215,95,1 215,95,1 8,87,4 5. 8,87,4 224,712,5 224,712,5 4.22 -- 51 TRAVERSE CITY (51) -- Agricultural 5. 1. Commercial 318,171, 49.6 318,171, 1. Industrial 28,275,2 49.6 28,275,2 1. Residential 572,65,9 49.84 572,65,9 1. Timber-Cutover 5. 1. Developmental 5. 1. Totals 919,97,1 919,97,1 61,29,3 5. 61,29,3 98,126,4 98,126,4 18.41 18 of 22
4/8/214 11:44 AM Equalization Report GRAND TRAVERSE Page: DB: 5/5 Gt14-15 Eq Study Grand Totals Assessed Equalized % Real Assessed Equalized Assessed Equalized Assessed Equalized Real Real Total Personal Personal % County % County Total Total Agricultural 134,643,16 134,643,16 2.66 2.53 2.53 Commercial 916,91,9 916,91,9 18.13 17.22 17.22 Industrial 78,294,3 78,294,3 1.55 1.47 1.47 Residential 3,926,367,866 3,926,367,866 77.65 73.74 73.74 Timber-Cutover... Developmental... Personal 268,29,12 268,29,12 5.4 5.4 5,56,27,172 5,56,27,172 1. 268,29,12 268,29,12 1. 1. 5,324,497,292 5,324,497,292 19 of 22
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 214 made in accordance with Sections 29.1-29.8 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 13,261.37 (Col. 2) Assessed Valuations 339,532,8 (Col. 3) Equalized Valuations 339,532,8 (Col. 4) Assessed Valuations 15,447,8 (Col. 5) Equalized Valuations 15,447,8 (Col. 6) Assessed Valuations 354,98,6 (Col. 7) Equalized Valuations 354,98,6 Blair 22,746.58 271,49,69 271,49,69 16,7,33 16,7,33 288,19,939 288,19,939 East Bay 28,192.41 572,498,4 572,498,4 24,461,3 24,461,3 596,959,7 596,959,7 Fife Lake 22,539.35 57,37,8 57,37,8 2,883,3 2,883,3 6,191,1 6,191,1 Garfield 13,769.73 845,837,2 845,837,2 85,691,3 85,691,3 931,528,5 931,528,5 Grant 22,795.37 57,336,26 57,336,26 6,376,8 6,376,8 63,713,6 63,713,6 Green Lake 18,943.23 276,232,2 276,232,2 16,496,2 16,496,2 292,728,4 292,728,4 Long Lake 19,419.7 489,721,1 489,721,1 9,147,7 9,147,7 498,868,8 498,868,8 Mayfield 23,11.94 64,366,657 64,366,657 5,13,49 5,13,49 69,47,147 69,47,147 Paradise 3,956.18 13,943,8 13,943,8 5,35, 5,35, 136,248,8 136,248,8 Peninsula 17,157.17 79,857,5 79,857,5 8,84,8 8,84,8 799,662,3 799,662,3 Union 23,34.16 25,8,7 25,8,7 2,35,4 2,35,4 27,116,1 27,116,1 Whitewater 3,37.36 215,95,1 215,95,1 8,87,4 8,87,4 224,712,5 224,712,5 Traverse City 8,789.8 919,97,1 919,97,1 61,29,3 61,29,3 98,126,4 98,126,4 Totals for County 295,23.35 5,56,27,172 5,56,27,172 268,29,12 268,29,12 5,324,497,292 5,324,497,292 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 29.1 29.8, 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 2 of 22
Michigan Department of Treasury STC 68 (Rev. 3-2) Grand Traverse County Equalized Valuations - REAL Statement of acreage and valuation in the year 214 made in accordance with Sections 29.1-29.8 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 13,852,5 4,366,1 4,424,1 2,439,1 12,81,56 8,174,5 15,639, 8,16, 5,593,5 14,192,8 134,643,16 (Col. 2) Commercial Real Property Equalized by County Board of Commissioners (Col. 3) (Col. 4) Industrial Residential 48,164,3 56,399, 76,495,5 4,36, 357,647, 482,1 15,587,5 9,73,6 2,779,1 8,199,1 12,66,2 687, 6,34,5 318,171, 916,91,9 3,89,4 2,574,7 1,828,1 68,1 24,82,9 566,8 4,55,1 1,47,1 11,8 132,4 69,3 6, 2,182,4 28,275,2 78,294,3 274,426,6 28,15,89 48,75,7 49,954,6 464,17,3 43,485,8 256,589,6 471,425,9 45,846,757 114,452,3 726,967,5 24,333,7 193,225,4 572,65,9 3,926,367,866 (Col. 5) Timber-Cutover (Col. 6) Developmental (Col. 7) Total Real Property L-424 339,532,8 271,49,69 572,498,4 57,37,8 845,837,2 57,336,26 276,232,2 489,721,1 64,366,657 13,943,8 79,857,5 25,8,7 215,95,1 919,97,1 5,56,27,172 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 29.1 29.8, 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 21 of 22
Michigan Department of Treasury STC 68 (Rev. 3-2) Assessed Valuations - REAL Grand Traverse County L-424 Statement of acreage and valuation in the year 214 made in accordance with Sections 29.1-29.8 of the Michigan Compiled Laws. 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 13,852,5 48,164,3 3,89,4 274,426,6 339,532,8 Blair 4,366,1 56,399, 2,574,7 28,15,89 271,49,69 East Bay 4,424,1 76,495,5 1,828,1 48,75,7 572,498,4 Fife Lake 2,439,1 4,36, 68,1 49,954,6 57,37,8 Garfield 357,647, 24,82,9 464,17,3 845,837,2 Grant 12,81,56 482,1 566,8 43,485,8 57,336,26 Green Lake 15,587,5 4,55,1 256,589,6 276,232,2 Long Lake 8,174,5 9,73,6 1,47,1 471,425,9 489,721,1 Mayfield 15,639, 2,779,1 11,8 45,846,757 64,366,657 Paradise 8,16, 8,199,1 132,4 114,452,3 13,943,8 Peninsula 5,593,5 12,66,2 69,3 726,967,5 79,857,5 Union 687, 6, 24,333,7 25,8,7 Whitewater 14,192,8 6,34,5 2,182,4 193,225,4 215,95,1 Traverse City 318,171, 28,275,2 572,65,9 919,97,1 Total for County 134,643,16 916,91,9 78,294,3 3,926,367,866 5,56,27,172 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 29.1 29.8, 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 22 of 22