GENESEE COUNTY 2018 EQUALIZATION Peggy L. Nolde, Director April - - PowerPoint PPT Presentation

GENESEE COUNTY 2018 EQUALIZATION Peggy L. Nolde, Director

April 23, 2018

ABOUT THE EQUALIZATION DEPARTMENT

• 8-

EQUALIZATION COORDINATOR

Kimberly Moors (18 year employee)

Equalization Department Staff & Duties

Oversees all Local Units database imports Keeps Local Units in balance with county on a monthly basis Works with Local Assessors – main contact person Monitors MTT Value in Contention Listings , etc…….

Equalization Department Staff & Duties

LAND RECORDS

Nancy Boyer (25 year employee) Trina Sykes (2 year 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

EXAMINERS

 Tony Ortiz, Chief Examiner (5 year employee)  Bob Gorman (17 year employee)  Mike Walker (1 year employee)  Kathy Webb (7 mo. Employee)

Inspected and valued over 1,100 Agricultural, Commercial and Industrial properties in 2017 for the 2018 Equalization Study .

Equalization Department Staff & Duties

GENERAL FUND BUDGET “Property Taxes”

(General Operating)

51.69%

∗GENESEE COUNTY ∗ASSESSED VALUES – UP!!!!!

3.87%

2 0 1 8

∗GENESEE COUNTY ∗TAXABLE VALUES – UP!!!

3.98%

2 0 1 8

MAJOR NEW INVESTMENTS IN GENESEE COUNTY DURING 2017

EXCITING NEWS!!!!!

150+ Million Residential New value for 2018

RESIDENTIAL NEW CONSTRUCTION

Argentine 4,015,393 Atlas 5,068,005 Clayton 929,437 Davison 5,520,844 Fenton 15,189,252 Flint 1,842,446 Flushing 2,949,661 Forest 1,048,794 Gaines 1,119,802 Genesee 1,737,637 Grand Blanc 10,940,911 Montrose 547,032

• Mt. Morris

685,339 Mundy 3,949,228 Richfield 2,212,493 Thetford 1,325,528 Vienna 2,905,464 Burton City 6,330,359 Clio City 58,455 Davison City 339,580 Fenton City 4,810,113 Flint City 313,226 Flushing City 625,893 Grand Blanc City 1,228,618 Linden City 2,069,499 Montrose City 37,093

• Mt. Morris City

39,900 Swartz Creek City 500,988 RES ADDITIONS Taxable Value 78,340,990

95+ Million Dollar Personal Property value for 2018

CONSUMERS ENERGY THROUGHOUT COUNTY

13.2 Million Dollar property value for 2018

GM Body Shop 3100 Van Slyke Rd City of Flint

2.2+ Million Dollar property value for 2018

Lear Corporation 902 E. Hamilton City of Flint

4.9 Million Dollar property value for 2018

Bella Vita (Senior Living) 1481 E. Hill Rd Grand Blanc Township

4+ Million Dollar property value for 2018

Security Credit Union Operations Building 10330 S. Saginaw Grand Blanc Township

11.8+ Million Dollar property value for 2018

McLaren Headquarters 3373 Regency Park Dr Grand Blanc Township

2.4+ Million Dollar property value for 2018

Black Rock Restaurant & Plaza 1015 & 1039 N. Irish Rd Davison Township

1+ Million Dollar property value for 2018

Silver Lake 2015 LLC 3309 Silver Lake Rd City of Fenton

2009 - 2018 BY CLASSIFICATION OF PROPERTY

GENESEE COUNTY HISTORICAL INFORMATION

AGRICULTURAL PROPERTY HISTORY 2009 - 2018

AGRICULTURAL PROPERTY HISTORY 2008 – 2017

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 2018 198,390,700 131,623,455

SEV

TV YEAR

INCREASE 2.26% 4,393,100 SEV

COMMERCIAL PROPERTY HISTORY 2009 - 2018

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 2018 2,213,493,500 1,750,015,434

SEV TV YEAR

INCREASE 6.82% 141,227,700 SEV

INDUSTRIAL PROPERTY HISTORY 2009 - 2018

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 2018 282,128,100 241,420,233

SEV TV YEAR

INCREASE 4.08% 11,059,800 SEV

RESIDENTIAL PROPERTY HISTORY 2009 - 2018

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 2018 7,891,455,704 6,546,846,222

SEV TV YEAR

INCREASE 3.08% 236,098,257 SEV

PERSONAL PROPERTY HISTORY 2009 – 2018

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 2018 654,376,300 648,802,294

SEV TV YEAR

INCREASE 4.14% 25,993,956 SEV

GENESEE COUNTY TOTAL

AD VALOREM VALUES

2009 - 2018 2008 - 2017

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 2018 11,239,844,304 9,318,707,638

SEV TV YEAR

INCREASE 3.87% 418,772,813 SEV

History of State Equalized Value Increase / Decrease 2009 – 2018

6.77% 5.54% 6.02% 5.07% 3.37%

2018 3.87% 2017 5.32% 2016 5.38% 2015 5.51% 2014 2.71% 2013

• 2.04%

2012

• 7.71%

2011

• 7.85%

2010

• 13.38%

2009

• 9.00%

2 0 1 8 GENESEE COUNTY UNITS SEV RANKING

1 Grand Blanc 1,509,717,100 2 Flint Twp 988,253,900 3 Fenton 965,263,300 4 Flint City 849,890,242 5 Burton City 677,307,812 6 Davison 634,462,800 7 Mundy 582,118,800 8 Fenton City 536,985,350 9 Vienna 407,459,800 10 Atlas 404,415,220 11

• Mt. Morris

359,906,700 12 Genesee 357,941,800 13 Flushing 317,994,800 14 Argentine 316,549,400 15 Richfield 281,525,100 16 Grand Blanc City 275,611,800 17 Clayton 252,133,700 18 Gaines 233,822,200 19 Flushing City 223,113,000 20 Thetford 192,865,800 21 Swartz Creek City 177,415,300 22 Montrose 168,141,700 23 Forest 162,493,600 24 Linden City 132,958,700 25 Davison City 124,006,680 26 Clio City 48,047,000 27

• Mt. Morris City

34,024,900 28 Montrose City 25,417,800

2 0 1 8 SEV CHANGES BY RANKING

Flint 932,219,900 988,253,900 56,034,000 6.01% Fenton City 508,169,800 536,985,350 28,815,550 5.67% Vienna 385,795,900 407,459,800 21,663,900 5.62% Gaines 222,542,500 233,822,200 11,279,700 5.07% Linden City 126,968,400 132,958,700 5,990,300 4.72% Flint City 811,880,174 849,890,242 38,010,068 4.68% Grand Blanc 1,449,504,500 1,509,717,100 60,212,600 4.15% Fenton 926,782,900 965,263,300 38,480,400 4.15% Burton City 650,531,150 677,307,812 26,776,662 4.12% Clio City 46,182,700 48,047,000 1,864,300 4.04% Argentine 304,671,973 316,549,400 11,877,427 3.90% Richfield 271,339,000 281,525,100 10,186,100 3.75% Atlas 390,012,000 404,415,220 14,403,220 3.69% Davison 611,917,300 634,462,800 22,545,500 3.68% Forest 156,942,300 162,493,600 5,551,300 3.54% Flushing 308,003,900 317,994,800 9,990,900 3.24% Montrose 163,339,250 168,141,700 4,802,450 2.94%

• Mt. Morris City

33,094,900 34,024,900 930,000 2.81% Grand Blanc City 268,909,944 275,611,800 6,701,856 2.49% Montrose City 24,834,400 25,417,800 583,400 2.35% Swartz Creek City 173,364,500 177,415,300 4,050,800 2.34% Flushing City 218,053,100 223,113,000 5,059,900 2.32% Mundy 569,148,700 582,118,800 12,970,100 2.28% Clayton 247,114,100 252,133,700 5,019,600 2.03% Thetford 189,394,800 192,865,800 3,471,000 1.83%

• Mt. Morris

353,782,500 359,906,700 6,124,200 1.73% Davison City 121,959,800 124,006,680 2,046,880 1.68% Genesee 354,611,100 357,941,800 3,330,700 0.94%

Unit 2017 SEV 2018 SEV Difference %

History of Taxable Value Increase / Decrease 2009 – 2018

4.79% 5.23% 6.07% 5.59% 4.68%

2018 3.98% 2017 2.16% 2016 0.73% 2015 1.74% 2014

• 0.37%

2013

• 2.43%

2012

• 6.83%

2011

• 6.76%

2010

• 10.98%

2009

• 3.74%

2 0 1 8 GENESEE COUNTY UNITS TAXABLE VALUE RANKING

1 Grand Blanc 1,276,479,315 2 Flint Twp 807,962,723 3 Fenton Twp 803,463,226 4 Flint City 733,885,761 5 Burton City 573,505,010 6 Davison Twp 533,183,255 7 Mundy 476,530,401 8 Fenton City 408,562,865 9 Vienna 358,559,242 10 Atlas 321,677,885 11

• Mt. Morris

302,245,103 12 Genesee 299,538,266 13 Flushing 281,549,900 14 Argentine 234,100,468 15 Grand Blanc City 227,160,098 16 Richfield 222,204,042 17 Clayton 206,956,948 18 Gaines 185,530,989 19 Flushing City 184,785,679 20 Thetford 162,444,337 21 Swartz Creek City 149,369,514 22 Montrose 131,889,926 23 Forest 127,612,452 24 Davison City 107,936,604 25 Linden City 107,364,179 26 Clio City 41,938,252 27

• Mt. Morris City

28,262,518 28 Montrose City 24,008,680

2 0 1 8 TV CHANGES BY RANKING

Vienna 334,116,574 358,559,242 24,442,668 7.32% Fenton 760,411,796 803,463,226 43,051,430 5.66% Atlas 305,502,746 321,677,885 16,175,139 5.29% Linden City 101,982,499 107,364,179 5,381,680 5.28% Argentine 222,742,849 234,100,468 11,357,619 5.10% Grand Blanc 1,214,622,207 1,276,479,315 61,857,108 5.09% Gaines 176,963,868 185,530,989 8,567,121 4.84% Davison 511,209,395 533,183,255 21,973,860 4.30% Burton City 549,985,057 573,505,010 23,519,953 4.28% Forest 122,384,725 127,612,452 5,227,727 4.27% Fenton City 392,250,885 408,562,865 16,311,980 4.16% Thetford 156,393,540 162,444,337 6,050,797 3.87% Flushing 271,427,372 281,549,900 10,122,528 3.73% Montrose 127,219,434 131,889,926 4,670,492 3.67% Richfield 214,477,628 222,204,042 7,726,414 3.60% Davison City 104,578,193 107,936,604 3,358,411 3.21% Mundy 462,664,406 476,530,401 13,865,995 3.00% Grand Blanc City 220,679,527 227,160,098 6,480,571 2.94% Flint City 714,582,817 733,885,761 19,302,944 2.70% Clio City 40,869,682 41,938,252 1,068,570 2.61%

• Mt. Morris City

27,557,432 28,262,518 705,086 2.56% Flushing City 180,209,230 184,785,679 4,576,449 2.54% Clayton 201,853,333 206,956,948 5,103,615 2.53% Flint 788,657,432 807,962,723 19,305,291 2.45% Swartz Creek City 145,856,238 149,369,514 3,513,276 2.41%

• Mt. Morris

295,152,377 302,245,103 7,092,726 2.40% Montrose City 23,467,566 24,008,680 541,114 2.31% Genesee 294,246,715 299,538,266 5,291,551 1.80%

Unit 2017 TV 2018 TV Difference %

2 0 1 8 Grand Total TV --Including Specific Rolls > 500 Million

Unit List: AdValorem IFT LB 5/50 COM REHAB OPRA DNR TOTAL Grand Blanc Twp. 1,276,479,315 10,582,975 7,760,945 1,294,823,235 Flint Twp. 807,962,723 3,145,647 3,186,380 278,663 814,573,413 Fenton Twp. 803,463,226 3,895,600 1,156,759 664,689 809,180,274 City of Flint 733,885,761 38,387,229 17,464,625 6,173,008 4,989,771 800,900,394 City of Burton 573,505,010 514,900 1,804,189 575,824,099 Davison Twp. 533,183,255 3,334,400 80,952 536,598,607

Inflation Rate Multiplier (IRM) 2018 = 1.021 (2.1%) Taxable Value increase for 2018 Higher than allowed – SO – Headlee millage rollbacks for Many taxing authorities CONCERNS FOR GENESEE COUNTY

POSITIVE SIGNS FOR GENESEE COUNTY

City of Flint Property valuations went up for 2018 AND taxable value went UP ALSO By 2.70%

MTT VALUATION IN CONTENTION Full Claims Appeals Estimates -- as of 02/23/18

$33,650,284 $3,915,801 $2,315,400 $583,300

2017 2016 2015 2014 Amount TV Amount TV Amount TV Amount TV Contention Contention Contention Contention Total Taxable Value in Contention Est 40,464,785

2012 – Taxable Value in Contention Est OVER 280 MILLION

Anticipate LOWER number of 2018 MTT Appeals FOR Commercial and Industrial Properties

MTT APPEALS

2017 Taxable Value = 40,374,476 2018 Taxable Value = 41,366,519 INCREASE OF $1,032,703 IN TAXABLE VALUE FOR 2018

LAND BANK SALES ON 5/50 ROLL

SEV Estimate Continue to Increase 3 – 5% Taxable Values estimate Increase FOR 2019

SEV & TAXABLE VALUE

GENESEE COUNTY POSITIVES

New Construction will continue to increase in Genesee County in 2018! Sales of properties are continuing to increase in volume and price!

 County State Equalized Value Taxable Value  Genesee 3.87 3.98  Washtenaw 4.62 5.23  St Clair 4.01 3.53  Oakland 4.15 4.71  Macomb 3.64 4.26  Monroe 2.38 3.39  Livingston 4.05 4.91  Lapeer 2.80 4.55  Wayne N/A N/A

Adjacent Counties 2018 Tentative SEV & TV

PERCENT INCREASE / DECREASE

Prepared by: Washtenaw EQ Director 4/17/18