GENESEE COUNTY 2017 EQUALIZATION Peggy L. Nolde, Director April 19, 2017
2 0 1 7 GENESEE COUNTY ASSESSED VALUES UP!!!!! 5.32%
2 0 1 7 GENESEE COUNTY TAXABLE VALUES UP!!! 2.16%
ABOUT THE EQUALIZATION DEPARTMENT - 8 -
Equalization Department Staff & Duties EQUALIZATION COORDINATOR Kimberly Moors (17 year employee) Oversees all Local Units database imports Keeps Local Units in balance with county on a monthly basis Monitors MTT Value in Contention Listings, etc. Works with Local Assessors main contact person
Equalization Department Staff & Duties LAND RECORDS Nancy Boyer (24 year employee) Trina Sykes (9 month employee-this dept) Processes all land divisions/combinations for local units (except City of Flint) Reviews legal document descriptions for Register of Deeds and County Treasurer upon request Enters sale transfer documents in computer for Sales Study (12,000 + includes foreclosure docs ) Maps information for department upon request
Equalization Department Staff & Duties EXAMINERS Vickie Hall Bob Gorman Tony Ortiz Mike Walker (25 year employee) (16 year employee) (4 year employee) (3 mo. employee) Inspected and valued over 1200 Agricultural, Commercial and Industrial properties in 2016 for the 2017 Equalization Study.
51.33% GENERAL FUND BUDGET Property Taxes
EXCITING NEWS!!!!! MAJOR NEW INVESTMENTS IN GENESEE COUNTY DURING 2016
GM Body Shop 3100 Van Slyke Rd City of Flint (In Construction) 5 Million Dollar property value for 2017
Performance Fabricators 3070 Thompson Rd Fenton Township 6.2+ Million Dollar property value for 2017
Nissan Dealership 8346 N. Holly Rd Grand Blanc Township 2+ Million Dollar property value for 2017
DEL WEBB GRAND RESERVE Grand Blanc Township 13.2 Million Dollar property value for 2017
Security Credit Union Headquarters 10330 S. Saginaw Grand Blanc Township 1.4+ Million Dollar property value for 2017
PlasmaCenter 3483 Van Slyke Rd NOT VALUED Flint Township 3.7+ Million Dollar Building Permit in 2016
Woodlands @ Woodhaven S. Linden Rd Flint Township 2.2+ Million Dollar property value for 2017
Chatwell Townhouses S. Gale Rd Davison Township 3.2 Million Dollar property value for 2017
Springdale Assisted Living 4276 Kroger Dr City of Swartz Creek 2.9+ Million Dollar property value for 2017
GENESEE COUNTY HISTORICAL INFORMATION 2008-2017 BY CLASSIFICATION OF PROPERTY
YEAR AGRICULTURAL PROPERTY HISTORY 2008 2017 SEV TV 2008 192,364,536 111,721,107 2009 191,814,237 117,758,456 2010 190,606,490 118,379,816 2011 186,995,800 120,346,797 2012 177,095,135 121,614,177 2013 174,123,261 122,092,317 2014 175,872,300 124,919,520 2015 181,731,800 127,372,575 2016 189,030,200 128,575,582 2017 193,997,600 129,780,959 INCREASE 2.63% 4,967,400 SEV
YEAR COMMERCIAL PROPERTY HISTORY 2008-2017 SEV TV 2008 2,497,268,231 2,094,584,863 2009 2,431,421,019 2,125,973,096 2010 2,248,063,780 2,009,484,789 2011 2,084,884,453 1,890,189,839 2012 1,913,725,454 1,771,241,495 2013 1,846,860,911 1,712,997,352 2014 1,845,090,540 1,675,421,185 2015 1,906,258,841 1,679,748,773 2016 1,992,401,900 1,674,914,805 2017 2,072,265,800 1,677,687,876 INCREASE 4.01% 79,863,900 SEV
YEAR INDUSTRIAL PROPERTY HISTORY 2008-2017 SEV TV 2008 509,451,997 460,814,189 2009 483,514,300 444,413,929 2010 421,919,001 387,987,718 2011 322,095,800 300,632,882 2012 287,390,150 270,729,202 2013 267,113,650 250,527,317 2014 266,219,100 235,571,997 2015 250,349,757 227,245,957 2016 266,410,900 229,771,378 2017 271,068,300 228,927,663 INCREASE 1.75% 4,657,400 SEV
YEAR RESIDENTIAL PROPERTY HISTORY 2008-2017 SEV TV 2008 9,682,594,609 8,350,008,033 2009 8,587,044,740 7,930,452,065 2010 7,269,244,631 6,955,393,965 2011 6,684,389,716 6,466,696,290 2012 6,135,793,266 5,972,151,496 2013 6,040,068,705 5,837,245,297 2014 6,322,670,641 5,893,132,429 2015 6,761,003,697 6,024,028,382 2016 7,212,330,002 6,124,892,467 2017 7,655,357,447 6,303,093,066 INCREASE 6.14% 443,027,445 SEV
YEAR PERSONAL PROPERTY HISTORY 2008 2017 SEV TV 2008 808,111,799 807,958,414 2009 763,640,900 763,503,909 2010 662,343,083 662,225,029 2011 672,439,800 672,342,830 2012 669,564,005 669,493,501 2013 668,382,581 668,282,291 2014 630,540,300 630,476,780 2015 650,237,900 649,931,485 2016 614,128,000 614,091,473 2017 628,382,344 622,575,959 INCREASE 2.32% 14,254,344 SEV
YEAR GENESEE COUNTY TOTAL AD VALOREM VALUES 2008-2017 SEV TV 2008 13,698,999,172 11,829,074,716 2009 12,466,321,796 11,386,079,390 2010 10,798,912,285 10,135,718,671 2011 9,950,805,569 9,450,208,638 2012 9,183,568,010 8,805,229,871 2013 8,996,549,108 8,591,144,574 2014 9,240,392,881 8,559,521,911 2015 9,749,581,995 8,708,327,172 2016 10,274,301,002 8,772,245,705 2017 10,821,071,491 8,962,065,523 INCREASE 5.32% 546,770,489 SEV
History of State Equalized Value Increase / Decrease 2008 2017 6.77% 5.54% 6.02% 5.07% 3.37%
2 0 1 7 GENESEE COUNTY UNITS SEV RANKING 1 Grand Blanc 1,449,504,500 2 Flint 932,219,900 3 Fenton 926,782,900 4 Flint City 811,880,174 5 Burton City 650,531,150 6 Davison 611,917,300 7 Mundy 569,148,700 8 Fenton City 508,169,800 9 Atlas 390,012,000 10 Vienna 385,795,900 11 Genesee 354,611,100 12 Mt. Morris 353,782,500 13 Flushing 308,003,900 14 Argentine 304,671,973 15 Richfield 271,339,000 16 Grand Blanc City 268,909,944 17 Clayton 247,114,100 18 Gaines 222,542,500 19 Flushing City 218,053,100 20 Thetford 189,394,800 21 Swartz Creek City 173,364,500 22 Montrose 163,339,250 23 Forest 156,942,300 24 Linden City 126,968,400 25 Davison City 121,959,800 26 Clio City 46,182,700 27 Mt. Morris City 33,094,900 28 Montrose City 24,834,400
2 0 1 7 SEV CHANGES BY RANKING Unit 2016 SEV 2017 SEV Difference % Mt. Morris City 29,801,200 33,094,900 3,293,700 11.05% Forest 145,119,200 156,942,300 11,823,100 8.15% Fenton City 469,936,900 508,169,800 38,232,900 8.14% Fenton 859,848,000 926,782,900 66,934,900 7.78% Thetford 176,220,300 189,394,800 13,174,500 7.48% Gaines 207,920,150 222,542,500 14,622,350 7.03% Argentine 285,134,910 304,671,973 19,537,063 6.85% Flushing City 204,374,200 218,053,100 13,678,900 6.69% Burton City 612,158,400 650,531,150 38,372,750 6.27% Richfield 256,820,600 271,339,000 14,518,400 5.65% Flint 882,341,500 932,219,900 49,878,400 5.65% Davison 579,566,192 611,917,300 32,351,108 5.58% Grand Blanc City 255,249,000 268,909,944 13,660,944 5.35% Mundy 541,343,800 569,148,700 27,804,900 5.14% Montrose 155,465,500 163,339,250 7,873,750 5.06% Davison City 116,081,900 121,959,800 5,877,900 5.06% Vienna 367,660,800 385,795,900 18,135,100 4.93% Atlas 372,767,100 390,012,000 17,244,900 4.63% Flushing 294,608,500 308,003,900 13,395,400 4.55% Grand Blanc 1,386,746,200 1,449,504,500 62,758,300 4.53% Mt. Morris 338,936,800 353,782,500 14,845,700 4.38% Clayton 236,805,200 247,114,100 10,308,900 4.35% Genesee 341,421,100 354,611,100 13,190,000 3.86% Swartz Creek City 167,603,200 173,364,500 5,761,300 3.44% Linden City 123,088,900 126,968,400 3,879,500 3.15% Flint City 797,297,700 811,880,174 14,582,474 1.83% Montrose City 24,416,050 24,834,400 418,350 1.71% Clio City 45,567,700 46,182,700 615,000 1.35%
History of Taxable Value Increase / Decrease 2008 2017 4.79% 5.23% 6.07% 5.59% 4.68%
2 0 1 7 GENESEE COUNTY UNITS TAXABLE VALUE RANKING 1 Grand Blanc 1,214,622,207 2 Flint 788,657,432 3 Fenton 760,411,796 4 Flint City 714,582,817 5 Burton City 549,985,057 6 Davison 511,209,395 7 Mundy 462,664,406 8 Fenton City 392,250,885 9 Vienna 334,116,574 10 Atlas 305,502,746 11 Mt. Morris 295,152,377 12 Genesee 294,246,715 13 Flushing 271,427,372 14 Argentine 222,742,849 15 Grand Blanc City 220,679,527 16 Richfield 214,477,628 17 Clayton 201,853,333 18 Flushing City 180,209,230 19 Gaines 176,963,868 20 Thetford 156,393,540 21 Swartz Creek City 145,856,238 22 Montrose 127,219,434 23 Forest 122,384,725 24 Davison City 104,578,193 25 Linden City 101,982,499 26 Clio City 40,869,682 27 Mt. Morris City 27,557,432 28 Montrose City 23,467,566
2 0 1 7 TV CHANGES BY RANKING Unit 2016 TV 2017 TV Difference % Fenton 728,053,558 760,411,796 32,358,238 4.44% Argentine 214,258,807 222,742,849 8,484,042 3.96% Grand Blanc 1,172,403,483 1,214,622,207 42,218,724 3.60% Fenton City 378,757,583 392,250,885 13,493,302 3.56% Grand Blanc City 213,265,883 220,679,527 7,413,644 3.48% Davison 494,330,759 511,209,395 16,878,636 3.41% Thetford 151,744,418 156,393,540 4,649,122 3.06% Linden City 99,031,110 101,982,499 2,951,389 2.98% Mt. Morris City 26,811,780 27,557,432 745,652 2.78% Atlas 297,284,680 305,502,746 8,218,066 2.76% Clayton 196,437,295 201,853,333 5,416,038 2.76% Gaines 172,475,301 176,963,868 4,488,567 2.60% Richfield 209,466,761 214,477,628 5,010,867 2.39% Mundy 453,128,039 462,664,406 9,536,367 2.10% Vienna 327,287,497 334,116,574 6,829,077 2.09% Flushing City 176,795,766 180,209,230 3,413,464 1.93% Burton City 540,102,772 549,985,057 9,882,285 1.83% Montrose 125,078,978 127,219,434 2,140,456 1.71% Davison City 103,077,267 104,578,193 1,500,926 1.46% Flushing 267,594,378 271,427,372 3,832,994 1.43% Swartz Creek City 144,078,287 145,856,238 1,777,951 1.23% Montrose City 23,248,142 23,467,566 219,424 0.94% Mt. Morris 292,405,877 295,152,377 2,746,500 0.94% Flint City 710,934,838 714,582,817 3,647,979 0.51% Genesee 292,788,998 294,246,715 1,457,717 0.50% Clio City 40,996,407 40,869,682-126,725-0.31% Flint Twp 795,521,805 788,657,432-6,864,373-0.86% Forest 124,885,236 122,384,725-2,500,511-2.00%
2 0 1 7 Grand Total TV --Including Specific Rolls > 500 Million Unit List: AdValorem IFT LB 5/50 COM REHAB OPRA DNR TOTAL Grand Blanc Twp 1,214,622,207 9,477,603 6,526,113 0 0 0 1,230,625,923 Flint Twp. 788,657,432 1,666,946 2,968,448 275,381 0 0 793,568,207 City of Flint 714,582,817 32,175,88 17,642,731 6,158,460 4,273,805 0 774,833,631 Fenton Twp. 760,411,796 6,275,785 983,074 0 0 651,019 768,321,674 City of Burton 549,985,057 84,300 1,856,238 0 0 0 551,925,595 Davison Twp. 511,209,395 3,893,200 117,933 0 0 0 515,220,528
CONCERNS FOR GENESEE COUNTY Eligible Manufacturing Personal Property (EMPP)loss affected overall SEV and Taxable Value for Genesee County 2016 Ind pp =.90% of Taxable Value 13 million SEV & TV loss 2017 Ind pp =.70% of Taxable Value
CONCERNS FOR GENESEE COUNTY Inflation Rate Multiplier (IRM) 2017 = 1.009 Minimal Taxable Value increase for 2017 allowed many Headlee millage rollbacks for taxing authorities Estimate 2018 IRM to be 1.019+/-
POSITIVE SIGNS FOR GENESEE COUNTY
City of Flint Property valuations went up for 2017 AND taxable value went UP ALSO.51% Minimal increase but it is a positive sign!
MTT VALUATION IN CONTENTION Full Claims Appeals Estimates -- as of 03/17/17 2016 2015 2014 2013 Amount TV Amount TV Amount TV Amount TV Contention Contention Contention Contention 36,647,081 18,598,101 0 0 Total Taxable Value in Contention Est 57,245,182 2012 Taxable Value in Contention Est OVER 280 MILLION
MTT APPEALS Anticipate LOWER number of 2017 MTT Appeals FOR Commercial and Industrial Properties
LAND BANK SALES ON 5/50 ROLL 2016 Taxable Value = 36,204,394 2017 Taxable Value = 40,374,476 INCREASE OF $4,170,082 IN TAXABLE VALUE FOR 2017
SEV & TAXABLE VALUE SEV Estimate Continue to Increase 3 5% Taxable Values estimate Minimal Increase FOR 2018
GENESEE COUNTY POSITIVES New Construction will continue to increase in Genesee County in 2017! Sales of properties are continuing to increase in volume and price!
Adjacent Counties 2017 Tentative SEV & TV PERCENT INCREASE / DECREASE County State Equalized Value Taxable Value Genesee 5.32 2.16 Washtenaw 6.41 3.61 St Clair 5.60 2.43 Oakland 6.06 3.67 Macomb 5.54 2.88 Monroe 4.69 2.02 Livingston 5.50 3.29 Lapeer 5.90 3.40 Wayne N/A N/A Prepared by: Washtenaw EQ Director 4/17/17