E M M E T C O U N T Y 2015 EQUALIZATION REPORT

E M M E T C O U N T Y 2015 EQUALIZATION REPORT

2015
EQUALIZATION REPORT
E
M
M
E
T
C
O
U
N
T
Y
EQUALIZATION/GIS
DEPARTMENT
200 DIVISON ST.
SUITE 180
PETOSKEY, MI
49770
McGulpin Pt Light House
Historic Penn Plaza
Midway Shops
WeQueTonSing
Village of Alanson
Village of Pellston
Prepared by the: Emmet County Equalization/GIS Department Staff
EMMET COUNTY BOARD OF COMMISSIONERS
James Tamlyn, Chair
Daniel J. Plasencia*
Les Atchison
Larry Cassidy*
Robert Notestine
Charles MacInnis
Shawn Wonnacott*
ADMINISTRATOR
Martin J. Krupa, Administrator
FINANCIAL DIRECTOR
Cynthia A. Van Allen
DEPARTMENT OF EQUALIZATION
Lynette Girard – Director
Allen L. Enciso – Assistant Equalization Director
Michael Larson- Appraiser
Jacque M. Bester- Administrative Assistant
G.I.S. DEPARTMENT
Lynette Girard – Director
Allen L. Enciso – Assistant GIS Director
Dona Kahgee - GIS Data Specialist/House Numbering Administrator
Harry Kitchen - GIS Coordinator
*Equalization Committee Members – Daniel J. Plasencia, Chair
SUPERVISORS, ASSESSORS, PRESIDENTS AND MANAGERS
EMMET COUNTY – 2015
LOCAL UNIT
SUPERVISOR
ASSESSOR
Bear Creek
Dennis Keiser
Dennis Keiser
Bliss
Phillip Lechowicz
Thomas Wolf
Carp Lake
Paul Teike
Brian Grimm
Center
Chris Jurek
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
Joe Lavender
Maple River
John Eby
Diann Most
McKinley
Mark Drier
Linda Socha
Pleasantview
William Wiechmann
C. Tim Grimm
Readmond
Gordon Kruskie
C. Tim Grimm
Resort
Robert Wheaton
Robert Wheaton
Springvale
F. Thom Whipp
Thomas Wolf
Wawatam
Roger Moore
Roger Moore
West Traverse
Bob Sanford
Brian Grimm
PRESIDENT
ASSESSOR
Village of Alanson
Richard Weidenhammer
Jim LaPeer
Village of Mackinaw City
Jeff Hingston
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
Al Terry, Acting Mgr.
Robert Englebrecht
INDEX TO REPORT
2015 CERTIFICATION BY EQUALIZATION DIRECTOR (L-3127)………………..
2015 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
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 ...............
PIE CHART: PERCENT OF COUNTY TOTAL BY CITY/TOWNSHIP ……………
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
11
GRAPH: EQUALIZED - TAXABLE VALUES & PERCENT CHANGE.....................
CHART: EQUALIZED – TAXABLE VALUES YEARLY OVERVIEW.....................
12
13
2
3
4
Michigan Department of Treasury
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
for
EMMET
County
EMMET
County for year
2015
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
41,042,100
Timber-Cutover
0
Commercial
342,736,900
Developmental
0
Industrial
14,267,400
Residential
2,825,625,631
Total Real Property
3,223,672,031
Personal Property
94,328,150
Total Real and
Personal Property
3,318,000,181
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
THE FILING OF THIS FORM AND SIGNATURE IS NOW DONE ELECTRONICALLY
LYNETTE GIRARD - MMAO IV
PAGE 1
PAGE 2
2014-15STCL-4024.xls
Page 3, Assessed Values
Totals for County
CITIES:
TOWNSHIPS:
TOWNSHIP OR CITY
COUNTY:
STATEMENT YEAR:
3/30/2015
99
33,579,300
105,992,500
342,736,900
0
0
41,042,100
14,267,400
0
1,994,900
3,525,100
0
249,400
99,100
5,300
15,700
355,400
2,851,200
196,000
539,500
0
16,500
3,819,400
8,200
591,700
0
(COL. 3)
INDUSTRIAL
2,825,625,631
247,216,200
433,406,050
382,053,200
19,291,000
33,970,386
22,271,000
50,916,600
92,749,300
120,079,800
313,265,000
41,961,200
23,248,600
100,428,400
72,429,200
366,034,950
99,006,700
48,775,643
358,522,402
(COL. 4)
RESIDENTIAL
(COL. 5)
TIMBER-CUTOVER
DATE:
April 16, 2015
OFFICE OF THE COUNTY BOARD OF COMMISSIONERS OF EMMET COUNTY, PETOSKEY, MICHIGAN
113,087,600
168,500
1,957,300
180,600
1,149,800
1,271,400
9,220,300
22,527,100
2,479,200
6,180,000
5,688,000
642,000
19,651,800
119,900
10,019,400
8,822,200
(COL. 2)
COMMERCIAL
8,621,600
4,948,400
3,734,100
2,422,100
0
0
1,714,900
1,560,400
3,698,300
3,052,000
0
0
8,248,200
2,101,500
0
940,600
(COL. 1)
AGRICULTURE
in the County of Emmet in the year 2015, as determined by the Board of Commissioners of said county on the ______16th______ day of April 2015,
.
Dated at
3,223,672,031
280,795,500
541,393,450
507,287,500
24,407,900
39,911,186
24,972,800
52,071,700
94,036,400
131,370,400
340,203,700
48,334,700
33,020,100
106,116,400
73,087,700
397,754,350
101,236,300
59,386,743
368,285,202
_______________________________________________________
Clerk of Board of Commissioners
Director of County Tax or Equalization Department
Chairman of Board of Commissioners
_______________________________________________________
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10:06 AM
(COL. 7)
TOTAL REAL PROPERTY
L- 4024
______________________________________________________
PETOSKEY, MI this____16th_____ day of _April________, 2015_
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.
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;
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(COL. 6)
DEVELOPMENTAL
REAL PROPERTY ASSESSED VALUATIONS APPROVED BY BOARDS OF REVIEW
WE HEREBY CERTIFY That the foregoing is a true statement of the assessed valuations of real property classifications in each township and city
52 PETOSKEY
51 HARBOR SPRINGS
16 WEST TRAVERSE
15 WAWATAM
14 SPRINGVALE
13 RESORT
12 READMOND
11 PLEASANTVIEW
10 MCKINLEY
9 MAPLE RIVER
8 LITTLE TRAVERSE
7 LITTLEFIELD
6 FRIENDSHIP
5 CROSS VILLAGE
4 CENTER
3 CARP LAKE
2 BLISS
1 BEAR CREEK
24 EMMET
2015
STATEMENT of valuation made in accordance with Sections 209.1 - 209.8 of the Michigan Compiled Laws.
ASSESSED VALUATIONS - REAL
EMMET
PAGE 3
2014-15STCL-4024.xls
Page 2, Equalized Values
Totals for County
CITIES:
TOWNSHIPS:
TOWNSHIP OR CITY
COUNTY:
STATEMENT YEAR:
3/30/2015
99
33,579,300
105,992,500
342,736,900
0
0
41,042,100
14,267,400
0
1,994,900
3,525,100
0
249,400
99,100
5,300
15,700
355,400
2,851,200
196,000
539,500
0
16,500
3,819,400
8,200
591,700
0
(COL. 3)
INDUSTRIAL
2,825,625,631
247,216,200
433,406,050
382,053,200
19,291,000
33,970,386
22,271,000
50,916,600
92,749,300
120,079,800
313,265,000
41,961,200
23,248,600
100,428,400
72,429,200
366,034,950
99,006,700
48,775,643
358,522,402
(COL. 4)
RESIDENTIAL
(COL. 5)
TIMBER-CUTOVER
DATE:
April 16, 2015
OFFICE OF THE COUNTY BOARD OF COMMISSIONERS OF EMMET COUNTY, PETOSKEY , MICHIGAN
113,087,600
168,500
1,957,300
180,600
1,149,800
1,271,400
9,220,300
22,527,100
2,479,200
6,180,000
5,688,000
642,000
19,651,800
119,900
10,019,400
8,822,200
(COL. 2)
COMMERCIAL
8,621,600
4,948,400
3,734,100
2,422,100
0
0
1,714,900
1,560,400
3,698,300
3,052,000
0
0
8,248,200
2,101,500
0
940,600
(COL. 1)
AGRICULTURE
Dated at
3,223,672,031
280,795,500
541,393,450
_______________________________________________________
Clerk of Board of Commissioners
Director of County Tax or Equalization Department
Chairman of Board of Commissioners
10:08 AM
507,287,500
24,407,900
39,911,186
24,972,800
52,071,700
94,036,400
131,370,400
340,203,700
48,334,700
33,020,100
106,116,400
73,087,700
397,754,350
101,236,300
59,386,743
368,285,202
_______________________________________________________
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(COL. 7)
TOTAL REAL PROPERTY
L- 4024
______________________________________________________
PETOSKEY, MI this____16th_____ day of _April________, 2015_
Article IX of the Constitution of the State.
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
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
County of Emmet in the year 2015___, as determined by the Board of Commissioners of said county on the ____16th___ day of April, 2015___
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(COL. 6)
DEVELOPMENTAL
REAL PROPERTY EQUALIZED VALUATIONS BY COUNTY BOARD OF COMMISSIONERS
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
52 PETOSKEY
51 HARBOR SPRINGS
16 WEST TRAVERSE
15 WAWATAM
14 SPRINGVALE
13 RESORT
12 READMOND
11 PLEASANTVIEW
10 MCKINLEY
9 MAPLE RIVER
8 LITTLE TRAVERSE
7 LITTLEFIELD
6 FRIENDSHIP
5 CROSS VILLAGE
4 CENTER
3 CARP LAKE
2 BLISS
1 BEAR CREEK
24 EMMET
2015
STATEMENT of valuation made in accordance with Sections 209.1 - 209.8 of the Michigan Compiled Laws.
EQUALIZED VALUATIONS - REAL
EMMET
PAGE 4
2014-15STCL-4024.xls
Page 1, Personal and Real Totals
Totals for County
CITIES:
TOWNSHIPS:
TOWNSHIP OR CITY
COUNTY:
STATEMENT YEAR:
3/30/2015
99
280,795,500
541,393,450
3,223,672,031
820.00
2,208.00
307,417.00
3,223,672,031
280,795,500
541,393,450
507,287,500
24,407,900
39,911,186
24,972,800
52,071,700
94,036,400
131,370,400
340,203,700
48,334,700
33,020,100
106,116,400
73,087,700
397,754,350
101,236,300
59,386,743
368,285,202
VALUATIONS
(COL. 3)
EQUALIZED
94,328,150
1,525,550
12,278,700
23,682,300
459,150
2,183,150
753,100
341,100
1,182,100
3,250,500
8,572,600
2,472,800
2,171,450
6,480,400
670,400
8,616,000
1,732,900
15,506,550
2,449,400
VALUATIONS
(COL. 4)
ASSESSED
DATE:
April 16, 2014
94,328,150
1,525,550
12,278,700
23,682,300
459,150
2,183,150
753,100
341,100
1,182,100
3,250,500
8,572,600
2,472,800
2,171,450
6,480,400
670,400
8,616,000
1,732,900
15,506,550
2,449,400
VALUATIONS
(COL. 5)
EQUALIZED
PERSONAL PROPERTY VALUATIONS
OFFICE OF THE COUNTY BOARD OF COMMISSIONERS OF EMMET COUNTY, PETOSKEY , MICHIGAN
507,287,500
24,407,900
39,911,186
24,972,800
52,071,700
94,036,400
131,370,400
340,203,700
48,334,700
33,020,100
106,116,400
73,087,700
397,754,350
101,236,300
59,386,743
368,285,202
VALUATIONS
HUNDREDTHS
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
(COL. 2)
ASSESSED
(TOTALS FROM PAGES 2 AND 3)
ASSESSED
(COL. 1)
ACRES
TOTAL REAL PROPERTY VALUATIONS
NUMBER OF ACRES
16th_____ day of April, 2015_, at a meeting of said board held in pursuance of the provisions Sections 209.1 - 209.8, MCL. We further certify that said statement
Dated at
3,318,000,181
282,321,050
553,672,150
_______________________________________________________
Clerk of Board of Commissioners
Director of County Tax or Equalization Department
Chairman of Board of Commissioners
10:09 AM
530,969,800
24,867,050
42,094,336
25,725,900
52,412,800
95,218,500
134,620,900
348,776,300
50,807,500
35,191,550
112,596,800
73,758,100
406,370,350
102,969,200
74,893,293
370,734,602
VALUATIONS
(COL. 7)
EQUALIZED
_______________________________________________________
3,318,000,181
282,321,050
553,672,150
530,969,800
24,867,050
42,094,336
25,725,900
52,412,800
95,218,500
134,620,900
348,776,300
50,807,500
35,191,550
112,596,800
73,758,100
406,370,350
102,969,200
74,893,293
370,734,602
VALUATIONS
(COL. 6)
ASSESSED
PERSONAL PROPERTY
TOTAL REAL PLUS
L- 4024
______________________________________________________
PETOSKEY, MI this____16th_____ day of _April________, 2015_
or Section 5 of Article IX of the Constitution of the State.
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;
the
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
of the real property and of the personal property in each township and city in said county as assessed in the year 2015_, and of the aggregate
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
52 PETOSKEY
51 HARBOR SPRINGS
16 WEST TRAVERSE
15 WAWATAM
14 SPRINGVALE
13 RESORT
12 READMOND
11 PLEASANTVIEW
10 MCKINLEY
9 MAPLE RIVER
8 LITTLE TRAVERSE
7 LITTLEFIELD
6 FRIENDSHIP
5 CROSS VILLAGE
4 CENTER
3 CARP LAKE
2 BLISS
1 BEAR CREEK
24 EMMET
2015
STATEMENT of acreage and valuation made in accordance with Sections 209.1 - 209.8 of the Michigan Compiled Laws.
PERSONAL AND REAL PROPERTY - TOTALS
EMMET
4/9/2015
10:30 AM
TOTAL ASSESSED & TAXABLE VALUES FOR
EMMET COUNTY TOWNSHIPS & CITIES
TOWNSHIPS
AND CITIES
BEAR CREEK
2014
ASSESSED
2015
ASSESSED
% CHANGE
ASSESSED
2014
TAXABLE
2015
TAXABLE
% CHANGE
TAXABLE
503,923,950
530,969,800
5%
412,177,981
420,303,956
2%
BLISS
23,960,450
24,867,050
4%
20,055,805
20,271,284
1%
CARP LAKE
40,909,100
42,094,336
3%
34,773,972
35,377,053
2%
CENTER
25,216,600
25,725,900
2%
20,912,970
21,223,487
1%
CROSS VILLAGE
50,802,550
52,412,800
3%
47,546,137
47,371,792
0%
FRIENDSHIP
92,642,200
95,218,500
3%
86,378,823
87,458,613
1%
LITTLEFIELD
126,632,900
134,620,900
6%
110,086,155
112,091,702
2%
LITTLE TRAVERSE
335,643,600
348,776,300
4%
260,101,497
261,641,162
1%
49,413,000
50,807,500
3%
42,889,127
43,784,170
2%
MAPLE RIVER
McKINLEY
PLEASANTIVEW
READMOND
34,900,850
35,191,550
1%
29,958,079
30,278,695
1%
107,778,800
112,596,800
4%
98,844,633
99,906,873
1%
71,854,900
73,758,100
3%
66,322,416
67,091,388
1%
374,414,775
406,370,350
9%
295,132,269
305,276,338
3%
SPRINGVALE
96,681,750
102,969,200
7%
86,123,932
87,642,586
2%
WAWATAM
73,017,670
74,893,293
3%
61,607,768
62,005,632
1%
RESORT
WEST TRAVERSE
358,718,165
370,734,602
3%
281,884,001
287,091,678
2%
HARBOR SPRINGS
272,952,250
282,321,050
3%
232,151,414
238,047,037
3%
PETOSKEY
514,213,150
553,672,150
8%
453,605,211
467,708,149
3%
3,153,676,660
3,318,000,181
5.21%
2,640,552,190
2,694,571,595
2.05%
TOTALS
Emmet County Equalization Department (as of Final Equalization 04/16/15)
2014-15ASS&TXB.xls
PAGE 5
EQUALIZED PROPERTY VALUES BY CLASS
EMMET COUNTY 2015
AGRICULTURAL (1.2%)
PERSONAL (3%)
COMMERCIAL (10.3%)
INDUSTRIAL (.4%)
RESIDENTIAL (85.1%)
AGRICULTURAL (1.2%)
COMMERCIAL (10.3%)
RESIDENTIAL (85.1%)
TOTAL PERSONAL (3%)
PAGE 6
INDUSTRIAL (.4%)
PAGE 7
PAGE 8
SPRINGVALE
3.10%
WAWATAM
2.26%
WEST TRAVERSE
11.17%
HARBOR SPRINGS
8.51%
PETOSKEY
16.69%
RESORT
12.25%
READMOND
2.22%
LITTLEFIELD
4.06%
FRIENDSHIP
2.87%
CROSS VILLAGE
1.58%
CENTER
0.78%
CARP LAKE
1.27%
BLISS
0.75%
LITTLE TRAVERSE
10.51%
MAPLE RIVER
1.53%
McKINLEY
1.06%
PLEASANTVIEW
3.39%
BEAR CREEK
16.00%
2015 CITY/TOWNSHIP PERCENT OF COUNTY TOTAL
BY EQUALIZED VALUE
PAGE 9
Real Sub Total
2014-15SEV%INC.xls
NOTE:
PERSONAL PROPERTY
3,153,676,660
94,596,400
3,318,000,181
94,328,150
3,223,672,031
0
0
2,825,625,631
14,267,400
342,736,900
41,042,100
2015
EQUALIZED
The above values include value added to each class from new construction
and value lost or added due to classification changes.
GRAND TOTAL
0
601-DEVELOPMENTAL
3,059,080,260
0
501-TIMBER CUTOVER
2,670,810,941
14,587,500
301-INDUSTRIAL
401-RESIDENTIAL
333,927,919
201-COMMERCIAL
2014
EQUALIZED
39,753,900
Class
EMMET COUNTY 2015
COMPARISON OF EQUALIZED VALUES TO PREVIOUS YEAR
101-AGRICULTURAL
3/30/2015
5.21%
-0.28%
5.38%
5.80%
-2.19%
2.64%
3.24%
Percent
Change
11:33 AM
PAGE 10
2014-15CEVTXB.xls
3/30/2015
3,924,400
0
8,261,600
0
3,154,500
0
342,736,900
0
41,042,100
2,825,625,631
0
14,194,800
0
27,310,843
0
11,417,800
33,579,300
0
105,992,500
0
113,087,600
0
168,500
0
1,957,300
0
180,600
0
1,149,800
0
1,271,400
0
9,220,300
0
22,527,100
0
2,479,200
0
6,180,000
0
5,688,000
0
642,000
0
19,651,800
0
119,900
0
10,019,400
0
8,822,200
0
COMMERCIAL
TIMBER CUTOVER
0
247,216,200
0
433,406,050
8,621,600
382,053,200
4,948,400
19,291,000
3,734,100
33,970,386
2,422,100
22,271,000
0
50,916,600
0
92,749,300
1,714,900
120,079,800
1,560,400
313,265,000
3,698,300
41,961,200
3,052,000
23,248,600
0
100,428,400
0
72,429,200
8,248,200
366,034,950
2,101,500
99,006,700
0
48,775,643
940,600
358,522,402
AGRICULTURAL
RESIDENTIAL
0
0
175,600
0
196,900
0
14,267,400
0
0
0
1,994,900
0
3,525,100
0
0
0
249,400
0
99,100
0
5,300
0
15,700
0
355,400
0
2,851,200
0
196,000
0
539,500
0
0
0
16,500
0
3,819,400
0
8,200
0
591,700
0
0
0
INDUSTRIAL
DEVELOPMENTAL
*VILLAGE TOTALS ARE INCLUDED IN THEIR RESPECTIVE TOWNSHIP TOTALS ABOVE
PELLSTON
MACKINAW CITY
VILLAGES*
ALANSON
TOTALS:
PETOSKEY
CITIES:
HARBOR SPRINGS
WEST TRAVERSE
WAWATAM
SPRINGVALE
RESORT
READMOND
PLEASANTVIEW
McKINLEY
MAPLE RIVER
LITTLE TRAVERSE
LITTLEFIELD
FRIENDSHIP
CROSS VILLAGE
CENTER
CARP LAKE
BLISS
TOWNSHIPS:
BEAR CREEK
CLASSIFICATION
OF PROPERTIES
REAL PROPERTY
18,119,200
503,100
35,748,043
3,604,300
14,769,200
614,350
3,223,672,031
94,328,150
280,795,500
1,525,550
541,393,450
12,278,700
507,287,500
23,682,300
24,407,900
459,150
39,911,186
2,183,150
24,972,800
753,100
52,071,700
341,100
94,036,400
1,182,100
131,370,400
3,250,500
340,203,700
8,572,600
48,334,700
2,472,800
33,020,100
2,171,450
106,116,400
6,480,400
73,087,700
670,400
397,754,350
8,616,000
101,236,300
1,732,900
59,386,743
15,506,550
368,285,202
2,449,400
TOTAL REAL
TOTAL PERSONAL
15,383,550
39,352,343
18,622,300
3,318,000,181
553,672,150
282,321,050
370,734,602
74,893,293
102,969,200
406,370,350
73,758,100
112,596,800
35,191,550
50,807,500
348,776,300
134,620,900
95,218,500
52,412,800
25,725,900
42,094,336
24,867,050
530,969,800
COMBINED
TOTALS
REAL AND PERSONAL PROPERTY
EMMET COUNTY 2015 STATE EQUALIZED VALUES
9,843,106
8,779,194
14,771,475
24,580,868
7,861,480
7,522,070
1,286,059,046
2,031,941,135
89,399,085
192,921,965
196,848,475
356,823,675
206,585,208
324,384,592
15,864,168
9,002,882
17,523,925
24,570,411
14,242,415
11,483,485
16,428,503
35,984,297
44,384,480
50,834,020
69,103,477
65,517,423
103,082,705
245,693,595
29,041,915
21,765,585
19,391,179
15,800,371
36,911,219
75,685,581
33,415,143
40,342,957
188,495,207
217,875,143
66,191,462
36,777,738
22,989,750
51,903,543
116,160,730
254,573,872
HOMESTEAD
NON-HOMESTEAD
STATUS
11:54 AM
PAGE 11
2014-15CEVTXB.xls
3/30/2015
3,578,164
0
7,360,303
0
2,749,264
0
302,439,164
0
28,645,249
2,260,351,290
0
12,069,158
0
22,764,711
0
10,107,230
29,751,955
0
93,291,941
0
99,487,209
0
138,145
0
1,842,437
0
146,978
0
976,575
0
1,231,844
0
8,109,612
0
20,685,195
0
2,111,825
0
5,382,723
0
5,478,604
0
534,800
0
16,078,929
0
119,002
0
8,943,788
0
8,127,602
0
COMMERCIAL
TIMBER CUTOVER
0
206,769,532
0
360,498,819
6,205,854
288,071,051
3,513,978
16,160,011
2,504,074
28,605,707
1,671,656
18,552,653
0
46,049,336
0
85,037,708
1,184,877
99,239,993
1,204,437
228,979,793
2,451,011
36,673,047
2,022,973
20,244,622
0
87,947,869
0
65,870,270
5,577,716
271,831,455
1,536,687
84,249,313
0
39,827,421
771,986
275,742,690
AGRICULTURAL
RESIDENTIAL
0
0
160,915
0
162,855
0
11,655,026
0
0
0
1,638,689
0
2,857,542
0
0
0
241,685
0
99,100
0
4,781
0
6,961
0
306,720
0
2,199,137
0
75,487
0
456,927
0
0
0
15,918
0
3,172,238
0
4,684
0
575,157
0
0
0
INDUSTRIAL
DEVELOPMENTAL
*VILLAGE TOTALS ARE INCLUDED IN THEIR RESPECTIVE TOWNSHIP TOTALS ABOVE
PELLSTON
MACKINAW CITY
VILLAGES*
ALANSON
TOTALS:
PETOSKEY
CITIES:
HARBOR SPRINGS
WEST TRAVERSE
WAWATAM
SPRINGVALE
RESORT
READMOND
PLEASANTVIEW
McKINLEY
MAPLE RIVER
LITTLE TRAVERSE
LITTLEFIELD
FRIENDSHIP
CROSS VILLAGE
CENTER
CARP LAKE
BLISS
TOWNSHIPS:
BEAR CREEK
CLASSIFICATION
OF PROPERTIES
REAL PROPERTY
15,647,322
503,100
30,285,929
3,402,224
13,019,349
614,350
2,603,090,729
91,480,866
236,521,487
1,525,550
455,429,449
12,278,700
396,621,656
23,682,300
19,812,134
459,150
33,193,903
2,183,150
20,470,387
753,100
47,030,692
341,100
86,276,513
1,182,100
108,841,202
3,250,500
253,068,562
8,572,600
41,311,370
2,472,800
28,107,245
2,171,450
93,426,473
6,480,400
66,420,988
670,400
296,660,338
8,616,000
85,909,686
1,732,900
49,346,366
12,659,266
284,642,278
2,449,400
TOTAL REAL
TOTAL PERSONAL
13,633,699
33,688,153
16,150,422
2,694,571,595
467,708,149
238,047,037
287,091,678
62,005,632
87,642,586
305,276,338
67,091,388
99,906,873
30,278,695
43,784,170
261,641,162
112,091,702
87,458,613
47,371,792
21,223,487
35,377,053
20,271,284
420,303,956
COMBINED
TOTALS
REAL AND PERSONAL PROPERTY
EMMET COUNTY 2015 TAXABLE VALUES
8,230,670
7,919,752
12,406,497
21,281,656
7,212,506
6,421,193
1,082,245,622
1,612,325,973
74,230,184
163,816,853
163,701,075
304,007,074
177,423,154
242,880,802
12,945,182
7,326,102
14,915,567
20,461,486
11,974,465
9,249,022
14,726,309
32,645,483
41,236,855
46,221,758
57,879,612
54,212,090
83,668,247
177,972,915
25,291,177
18,492,993
16,584,114
13,694,581
32,565,184
67,341,689
30,460,001
36,631,387
142,928,084
162,348,254
57,198,065
30,444,521
18,832,312
43,173,320
105,686,035
181,405,643
HOMESTEAD
NON-HOMESTEAD
STATUS
12:07 PM
PAGE 12
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
0
500,000,000
1,000,000,000
2,000,000,000
2,500,000,000
BILLIONS OF DOLLARS
1,500,000,000
3,000,000,000
-1.62%
0.00%
3,142,911,940
1.22%
2.39%
3,500,000,000
5.21%
%CHG
% CHG
-0.27%
1.91%
4.19%
4,500,000,000
-11.40%
4,000,000,000
3,318,000,181
2.05%
3,153,676,660
-3.35%
3,980,421,944
3,969,826,965
-7.55%
-2.00%
6.78%
3,905,752,158
3,748,823,600
3,517,376,566
3,251,785,148
-3.35%
-5.20%
3.22%
3,080,040,311
2,694,571,595
2,640,552,190
2,608,670,491
2 608 674 172
2,608,674,172
2,651,642,656
2,743,654,917
2,894,005,117
3.39%
5.96%
6.65%
2,803,831,924
2,711,947,349
2,559,443,004
(INDICATES PERCENT OF CHANGE)
EMMET COUNTY 2015
STATE EQUALIZED VALUES AND TAXABLE VALUES
SEV
TAXABLE
PAGE 13
Total Equalized Value
Percent of Change
Total Taxable Value
Percent of Change
Assessment Year
3,748,823,600
6.78%
3,905,752,158
4.19%
2,711,947,349
5.96%
6.65%
2,559,443,004
2007
2006
3,980,421,944
1.91%
2,803,831,924
3.39%
2008
3,969,826,965
‐0.27%
2,894,005,117
3.22%
2009
3,251,785,148
‐7.55%
2,651,642,656
‐3.35%
2011
EQUALIZED VALUE IN MILLIONS
TAXABLE VALUE IN MILLIONS
3,517,376,566
‐11.40%
2,743,654,917
‐5.20%
2010
3,142,911,940
‐3.35%
2,608,674,172
‐1.62%
2012
3,080,040,311
‐2.00%
2,608,670,491
0.00%
2013
1.22%
2014
3,153,676,660
2.39%
2,640,552,190
2015 EMMET COUNTY EQUALIZED & TAXABLE YEARLY OVERVIEW
3,318,000,181
5.21%
2,694,571,595
2.05%
2015
0
500,000,000
1,000,000,000
1,500,000,000
2,000,000,000
2,500,000,000
3,000,000,000
3,500,000,000
4,000,000,000
4,500,000,000
PARCEL COUNT FOR EMMET COUNTY IS BASED ON THE L-4022 REPORT
GRAND TOTAL SQUARE MILEAGE IN EMMET COUNTY IS 482 SQ MILES
Township/City
Maps
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
2014 FOR 2015ECEQRptPrclCo.xls
Mileage
40.59
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
3380
490
3446
476
3623
454
3762
496
3834
521
3866
540
3846
449
3842
438
3871
436
3826
457
3881
446
3916
422
552
15
566
14
572
12
570
13
574
12
575
12
574
12
572
8
572
8
574
8
572
8
569
8
1048
53
1059
61
1063
63
1076
66
1078
53
1079
53
1066
49
1066
50
1071
43
1044
43
1036
43
1032
42
537
15
542
17
549
15
548
17
565
16
563
16
565
16
568
18
569
18
559
22
558
22
557
20
700
17
698
20
702
20
703
23
703
13
700
14
690
14
690
18
689
19
689
21
688
20
684
20
954
19
1007
22
1065
20
1064
21
1056
18
1059
19
1054
20
1054
19
1092
21
1076
18
1076
25
1071
27
2402
163
2477
133
2547
138
2587
147
2594
143
2602
137
2653
122
2654
124
2628
108
2632
103
2616
103
2611
100
2263
161
2290
161
2340
168
2389
177
2476
156
2485
158
2429
142
2432
143
2445
158
2453
129
2453
129
2448
123
952
45
964
38
1007
39
1030
39
1031
40
1029
39
1028
40
1027
40
1027
37
1031
37
1028
34
1029
34
839
116
850
99
853
118
849
100
857
97
854
109
858
110
858
119
862
87
857
107
857
103
853
105
1675
61
1766
62
1792
49
1802
54
1803
57
1806
54
1804
55
1766
58
1740
57
1736
60
1738
60
1734
57
812
24
823
22
824
21
837
21
845
19
850
18
857
17
858
21
858
20
857
22
853
21
856
22
1859
113
1897
107
1933
100
1966
96
2024
96
2056
95
2059
107
2064
106
2063
98
2073
93
2069
83
2070
79
1398
13
1417
14
1428
15
1463
17
1472
16
1479
15
1474
15
1477
14
1479
14
1485
14
1486
14
1491
13
912
109
918
95
920
98
916
101
916
96
908
101
907
86
908
82
914
76
911
77
900
69
903
81
2227
77
2245
73
2263
69
2277
68
2275
67
2283
67
2288
64
2287
65
2283
59
2284
56
2277
56
2266
55
1384
217
1399
235
1402
212
1407
214
1409
192
1393
183
1392
187
1394
190
1394
192
1454
192
1395
178
1394
182
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
4053
478
29,570
1,991
31,561
4009
473
29,566
1,924
31,490
3914
447
29,455
1,906
31,361
3898
405
29,381
1,819
31,200
3814
389
29,298
1,779
31,077
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
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”
A Guide
To Your Property Values
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
2015, the CPI has been calculated at 1.6%.
(*)Local Units CANNOT develop, adopt or use an
inflation rate multiplier other than 1.6% in 2015.
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 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
Currently the Emmet County Equalization Department is using
a Twenty-four (24) month sales study to determine values for
the 2015 assessment cycle.
For 2015 assessments, the 24 month sales study begins
October 1, 2012 and ends September 30, 2014.
Use of a Twenty-four (24) month study allows 2015
assessments to more accurately reflect current market
conditions, however, any sale that occurs after September 30,
2014 will not be used for assessment purposes until the 2016
assessment roll. It is important to remember this when
reviewing your 2015 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 may still be having a slight
impact on the real estate market in general for some
municipalities. 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 may be included in the State Tax Commission
(STC) One-Year sales study. However at this time the STC is
requiring the use of a 24 month study to be used in all units of
government. 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 OWNERSHIP 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 2014 the Taxable Value
for 2015 will be the same as the 2015 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
EXEMPTIONS
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 June 1 or November 1st.
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 Assessors Office during
normal business hours or under Local Government
Services/Forms at the following web site link:
www.michigan.gov/treasury/
SO WHAT DOES IT ALL MEAN?
HOW ARE PROPERTY VALUES
DETERMINED?
As stated in the Equalization Timetable, for 2015, the
time period of the sales study for assessment review is
October 1, 2012 through September 30, 2014.
The Michigan constitution requires that property be uniformly
assessed and not exceed 50% of the usual selling price, often
referred to as True Cash Value. Each tax year, the local
assessor determines the Assessed Value (AV) of each parcel of
real property based on the condition of the property as of
December 31 (Tax Day) of the previous year.
Market sale transactions for real property are used by Michigan
assessors to compare Assessed Values (AV) with the actual sale
prices (market values) for those same properties. Market Value
can be defined as “the most probable price, as of a specific date,
where both buyer and seller are knowledgeable and neither
party is under duress”.
The average ratio between the AV and the sale price should be
50%. Since the market for real estate is constantly changing the
average ratio actually found will “usually not” be 50%.
Subsequently Local Assessors are required to adjust properties
on an annual basis to more accurately reflect Market Value.
WHAT ARE PROPERTY TAXES BASED ON?
As previously stated, on March 15, 1994 Michigan voters
approved the constitutional amendment know as Proposal “A”.
Prior to Proposal “A” property tax calculations were based on
State Equalized Value (SEV).
Proposal “A” established “Taxable Value” (TV) as the basis for
the calculation of property taxes.
Increases in the Taxable Value (TV) are limited to the percent
of change in the rate of inflation OR five percent (5%),
whichever is less, as long as there were no losses or additions to
the property.
The limit on TV DOES NOT apply to a property in the year
following a transfer of ownership (sale)
NOTICE OF ASSESSMENT
Each year, prior to the March meetings of the local boards of
review, informational notices are mailed. The “Notice of
Assessment , Taxable Valuation, and Property Classification”
also includes State Equalized Value, the percent of exemption as
a Principal Residence, Michigan Business Tax, Qualified
Agricultural or Qualified Forest, and if there was or was not a
Transfer of Ownership.
CALCULATING INFLATION RATE MULTIPLIER
Based on this statutory requirement, the calculation for 2015 is
as follows:
1. The 12 monthly values for October 2012 through September
2013 are averaged.
2. The 12 monthly values for October 2013 through September
2014 are averaged.
3. The ratio is calculated by dividing the average of column 2
by the average of column 1.
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
231.317
230.221
229.601
230.280
232.166
232.773
232.531
232.945
233.504
233.596
233.877
234.149
Average 232.247
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
233.546
233.069
233.049
233.916
234.781
236.293
237.072
237.900
238.343
238.250
237.852
238.031
Average
236.009
Ratio
1.016
% Change 1.6%
(*)The specific numbers from the US Department of Labor, Bureau of Labor Stat NOTICE OF ASSESSMENT CHANGE:
For the year 2015 Taxpayers will be receiving Assessment Change Notices by end of February. These notices
will state the change in Assessment, Taxable Values and Property Classifications. Taxpayers wanting to appeal
their assessment should begin at the March Board of Review. They should verify their State Equalized Value
(SEV) is correctly calculated.
WHAT TO LOOK FOR ON THE NOTICE:
Look for the SEV and double the amount shown on the notice to arrive at True Cash Value (TCV), which is
what the assessor is indicating the property is worth. If you believe this TCV is incorrect and you may want to
pursue your rights to appeal. DATES & TIMES for these meetings can be seen at the following link:
http://www.emmetcounty.org/local-unit-information-312/
HOW TO APPEAL:
At the Board of Review you will need to complete a short form indicating what you believe your property is
worth and supporting your contention of value. The Board of Review allows you to discuss YOUR value with
three of your peers which act as an appeal board. The March Board of Review petition can be found at the
following website:
http://www.michigan.gov/documents/l4035f_2658_7.pdf
HOW SEV IS DETERMINED:
True cash value (TCV) is based on market data and the State Equalized Value (SEV) is half of that amount.
Taxpayers should review the following information for accuracy:
 Land Value is the size of your land times a base rate, i.e.: “residential” base rate is $10,000, “lake front”
$100,000. In this scenario an error could be if you live BY a lake but have no lake frontage yet your
assessment is $100,000 indicating you have Lake Frontage.
 Square footage errors may impact the value of land and building(s). Verify your measurements. Each
square foot of a main structure may make a double digit figure difference in the base rate. This can
amount to a significant annual savings.
 Age of the structure may impact the value of newer structures if incorrectly applied. As your building
ages this becomes less significant.
 The type of siding can make a substantial difference, especially if your house has vinyl siding and the
valuation data indicates brick or stone. There is little difference between vinyl, wood, or pine log siding.
 Taxpayers sometimes raise issues that will not impact their value without additional information. These
include: “My taxes are too high,” “I couldn’t sell my house for what the assessor indicates it’s worth,”
“I live next to a factory and trucks drive in and out all night creating noise,” “My neighbors all have
lower values than my house.” Although these statements may be true they require additional data as
proof, and the burden of proof rests with the taxpayer.
A taxpayer has further appeal rights at the state level with the Michigan Tax Tribunal (MTT) provided an
appeal was made at the March Board of Review (MBOR) for that year. When you are notified of the March
Board of Review (MBOR) decision, you will be provided information about where and when to appeal. To
effectively appeal you must comply with all deadlines.
RESOURCES/CONTACTS:
Property ownership is often the largest expenditure most individuals make. It makes sense to educate one’s self
on responsibilities associated with ownership. Please visit your local county website for information pertaining
on how to contact your local assessor.
Cover Photos – Submitted by Little Traverse Historical Society &
Harbor Springs Area Historical Society
Complied By: Ms. Beth Ann Eckerle, Web Development