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 Department Staff & Duties EQUALIZATION COORDINATOR Kimberly Moors (18 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 (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

Equalization Department Staff & Duties  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 .

51.69% GENERAL FUND BUDGET “Property Taxes” (General Operating)

2 0 1 8 ∗ GENESEE COUNTY ∗ ASSESSED VALUES – UP!!!!! 3.87%

2 0 1 8 ∗ GENESEE COUNTY ∗ TAXABLE VALUES – UP!!! 3.98%

EXCITING NEWS!!!!! MAJOR NEW INVESTMENTS IN GENESEE COUNTY DURING 2017

RESIDENTIAL NEW CONSTRUCTION 150+ Million Residential New value for 2018 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

CONSUMERS ENERGY THROUGHOUT COUNTY 95+ Million Dollar Personal Property value for 2018

GM Body Shop 3100 Van Slyke Rd City of Flint 13.2 Million Dollar property value for 2018

Lear Corporation 902 E. Hamilton City of Flint 2.2+ Million Dollar property value for 2018

Bella Vita (Senior Living) 1481 E. Hill Rd Grand Blanc Township 4.9 Million Dollar property value for 2018

Security Credit Union Operations Building 10330 S. Saginaw Grand Blanc Township 4+ Million Dollar property value for 2018

McLaren Headquarters 3373 Regency Park Dr Grand Blanc Township 11.8+ Million Dollar property value for 2018

Black Rock Restaurant & Plaza 1015 & 1039 N. Irish Rd Davison Township 2.4+ Million Dollar property value for 2018

Silver Lake 2015 LLC 3309 Silver Lake Rd City of Fenton 1+ Million Dollar property value for 2018

GENESEE COUNTY HISTORICAL INFORMATION 2009 - 2018 BY CLASSIFICATION OF PROPERTY

AGRICULTURAL PROPERTY HISTORY 2009 - 2018 YEAR SEV TV AGRICULTURAL PROPERTY HISTORY 2009 191,814,237 117,758,456 2008 – 2017 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 INCREASE 2.26% 4,393,100 SEV

COMMERCIAL PROPERTY HISTORY 2009 - 2018 SEV TV YEAR 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 INCREASE 6.82% 141,227,700 SEV

INDUSTRIAL PROPERTY HISTORY 2009 - 2018 SEV TV YEAR 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 INCREASE 4.08% 11,059,800 SEV

RESIDENTIAL PROPERTY HISTORY 2009 - 2018 YEAR SEV TV 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 INCREASE 3.08% 236,098,257 SEV

PERSONAL PROPERTY HISTORY 2009 – 2018 YEAR SEV TV 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 INCREASE 4.14% 25,993,956 SEV

GENESEE COUNTY TOTAL AD VALOREM VALUES 2009 - 2018 YEAR SEV TV 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 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 15 Richfield 281,525,100 2 Flint Twp 988,253,900 16 Grand Blanc City 275,611,800 3 Fenton 965,263,300 17 Clayton 252,133,700 4 Flint City 849,890,242 18 Gaines 233,822,200 5 Burton City 677,307,812 19 Flushing City 223,113,000 6 Davison 634,462,800 20 Thetford 192,865,800 7 Mundy 582,118,800 21 Swartz Creek City 177,415,300 8 Fenton City 536,985,350 22 Montrose 168,141,700 9 Vienna 407,459,800 23 Forest 162,493,600 10 Atlas 404,415,220 24 Linden City 132,958,700 11 Mt. Morris 359,906,700 25 Davison City 124,006,680 12 Genesee 357,941,800 26 Clio City 48,047,000 13 Flushing 317,994,800 27 Mt. Morris City 34,024,900 14 Argentine 316,549,400 28 Montrose City 25,417,800

2 0 1 8 SEV CHANGES BY RANKING 2018 SEV Difference % Unit 2017 SEV 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%

History of Taxable Value Increase / Decrease 2009 – 2018 5.23% 6.07% 5.59% 4.79% 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%