L. BROOKS PATTERSON OAKLAND COUNTY EXECUTIVE

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2 L. BROOKS PATTERSON OAKLAND COUNTY EXECUTIVE 216 EQUALIZATION OAKLAND COUNTY, MICHIGAN Prepared By DEPARTMENT OF MANAGEMENT AND BUDGET LAURIE VAN PELT, Director EQUALIZATION DIVISION DAVID HIEBER, Manager Under the direction of the Finance Committee of the Board of Commissioners THOMAS MIDDLETON Chairperson EILEEN T. KOWALL DAVE WOODWARD Majority Vice Chairperson Minority Vice Chairperson CHRISTINE LONG HUGH D. CRAWFORD SHELLEY GOODMAN TAUB NANCY L. QUARLES HELAINE ZACK WADE FLEMING

3 TABLE OF CONTENTS Recommendation as to Equalized Value from Manager of Equalization... 1 Recommended County Equalized Valuations... 2 Board of Commissioners Resolution... 3 Oakland County Board of Commissioners and District Map State Equalized Value versus Taxable Value Graph... 6 Distribution of Total Equalized and Taxable Value Chart... 7 Distribution of Equalized Value Chart... 8 Distribution of Taxable Value Chart... 9 Comparison of Assessed and Taxable Values Historical Comparison of Equalized Values Historical Comparison of Taxable Values Analysis of Equalized Value County Summary Distribution of Assessed, Equalized, and Taxable Value by Townships Distribution of Assessed, Equalized, and Taxable Value by Cities Analysis by Class of Real Property Values Analysis by Class of Personal Property Values Equalization Factors by Class Oakland County Village Information Analysis by Class of Real and Personal Property Valuations by Villages Distribution of Value for Industrial facility, Obsolete Property, Commercial Rehabilitation and DNR... 49

4 L. BROOKS PATTERSON, OAKLAND COUNTY EXECUTIVE EQUALIZATION DIVISION April 21, 216 Board of Commissioners Oakland County 12 N. Telegraph Pontiac, MI Chairperson, Ladies and Gentlemen; Please accept the attached report and resolution to fulfill the requirements for County Equalization. In summary, the report details changes in Equalized and Taxable values for Oakland County. The recommended total 216 Equalized value is $65,84,851,114 a 7.4 % increase. The resulting Taxable value is $52,786,22,473 a 1.72 % increase. If you have any questions, please feel free to contact me. Sincerely, DAVID HIEBER, Manager Oakland County Equalization Page 1 of 49

5 Michigan Dept. of Treasury 3127 (Rev. 1-1) CERTIFICATION OF RECOMMENDED COUNTY EQUALIZED VALUATIONS BY EQUALIZATION DIRECTOR This form is issued under the authority of MCL Filing is mandatory. TO: State Tax Commission FROM: Equalization Director of OAKLAND County RE: State Assessor Certification of Preparer of the required Recommended County Equalized Valuations for OAKLAND County for year 216. 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 211.1d 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 OAKLAND County: Agricultural 67,42,325 Timber-Cutover Commercial 9,867,734,99 Developmental Industrial 1,86,943,546 Total Real Property 61,675,751,998 Residential 49,933,653,218 Personal Property 3,49,99,116 Total Real and Personal Property 65,84,851,114 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 379 Lansing, Michigan 4899 Signature of Equalization Director Date April 21, 216 Page 2 of 49

6 MISCELLANEOUS RESOLUTION # April 21, 216 BY: Finance Committee, Thomas Middleton, Chairperson IN RE: DEPARTMENT OF MANAGEMENT & BUDGET EQUALIZATION REPORT To the Oakland County Board of Commissioners Chairperson, Ladies and Gentlemen: WHEREAS the staff of the Equalization Division of the Department of Management & Budget has examined the assessment rolls of the several townships and cities within Oakland County to ascertain whether the real and personal property in the respective townships and cities has been equally and uniformly assessed at 5% of true cash value; and WHEREAS the Finance Committee in accordance with Rule XI.A (8) of the Board of Commissioners adopted on January 14, 215, has reviewed the findings and recommendations of the Equalization Manager, acting as the Equalization Director, and conducted hearings to provide for local intervention into the equalization process; and WHEREAS based on its findings, the Manager of the Equalization Division has presented to the Finance Committee the recommended 216 equalization value which adds to or deducts from the valuation of the property in the several townships and cities an amount as, in its judgement, will produce a sum which represents the true cash value thereof; and WHEREAS the Equalization Factors listed on the attached report is the result of the foregoing process and are for information purposes only. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners adopts the 216 equalization and authorizes its certification by the Chairperson of the Board and further that it be entered on the County records and delivered to the appropriate official of the proper township or city. Chairperson, on behalf on the Finance Committee, I move the adoption of the foregoing resolution. FINANCE COMMITTEE Page 3 of 49

7 OAKLAND COUNTY BOARD OF COMMISSIONERS District 1: District 2: District 3: District 4: District 5: District 6: District 7: District 8: District 9: District 1: District 11: District 12: District 13: District 14: District 15: District 16: District 17: District 18: District 19: District 2: District 21 Michael J. Gingell Robert Hoffman Michael Spisz Thomas Middleton* John A. Scott Eileen T. Kowall* Christine Long* Philip J. Weipert Hugh D. Crawford* David E.S. Bowman Robert Gosselin Shelley Goodman Taub* Marcia Gershenson William Dwyer Adam L. Kochenderfer Wade Fleming* Nancy L. Quarles* Helaine Zack* Dave Woodward* Gary R. McGillivray Janet Jackson *Finance Committee Members Page 4 of 49

8 Oakland County Board of Commissioners Districts Page 5 of 49

9 216 STATE EQUALIZED VALUES VS. TAXABLE VALUES Page 6 of 49

10 216 TOTAL STATE EQUALIZED & TAXABLE VALUES Page 7 of 49

11 216 TOTAL & PROPERTY STATE EQUALIZED VALUES Page 8 of 49

12 216 TOTAL & PROPERTY TAXABLE VALUES Page 9 of 49

13 216 COMPARISON OF ASSESSED AND TAXABLE VALUES 215 ASSESSED 216 ASSESSED 42,395,25 4,144,531,22 568,493,71 2,169,654,92 242,942,23 812,75,51 312,855,54 1,733,467,6 1,75,54,2 989,82,8 9,422,21 1,419,553,13 1,713,421,71 921,362,3 289,37,81 34,167,66 1,222,817,45 687,724,9 2,275,17,576 3,77,17,3 1,18,823,94 422,821,73 4,497,242,28 622,723,86 2,324,226,55 262,36,42 881,564,19 339,981,6 1,832,7,5 1,234,621,34 1,34,741,62 9,988,86 1,52,935,96 1,874,626,51 964,211,19 313,889,7 32,916,22 1,316,12,7 746,94,3 2,499,989,886 4,54,34,1 1,38,72,93 TOTAL TOWNSHIPS 25,974,98,786 28,94,33,79 CITIES AUBURN HILLS BERKLEY BIRMINGHAM BLOOMFIELD HILLS CLARKSTON VILLAGE CLAWSON FARMINGTON FARMINGTON HILLS FENTON FERNDALE HAZEL PARK HUNTINGTON WOODS KEEGO HARBOR LAKE ANGELUS LATHRUP VILLAGE MADISON HEIGHTS NORTHVILLE NOVI OAK PARK ORCHARD LAKE PLEASANT RIDGE PONTIAC ROCHESTER ROCHESTER HILLS ROYAL OAK SOUTHFIELD SOUTH LYON SYLVAN LAKE TROY WALLED LAKE WIXOM 1,722,551,94 591,165,96 2,496,158,2 936,789,28 43,69,46 389,286,62 348,69,52 3,553,579,5 397,6 616,252,3 179,283,92 413,995,1 98,3,41 88,66,85 14,183,71 855,731,87 187,162,338 3,74,488,76 472,689,95 418,562,51 174,841,95 74,671,72 787,41,91 3,685,978,28 2,693,722,5 2,739,143,2 383,452,57 16,899,6 5,313,611,7 217,64,78 732,19,42 1,74,322,88 634,5,22 2,752,87,53 987,133,16 48,24,98 423,351,4 375,9,25 3,751,97,58 1,, 69,355,1 195,351,19 454,52,67 18,85,87 94,182,47 157,381,84 97,622,13 199,474,91 3,952,9,85 518,687,52 455,131,3 191,964,62 757,414,31 836,474,88 3,946,392,17 2,853,811,83 2,835,448, ,23,39 115,145,95 5,626,878,87 238,788,31 761,83,86 34,831,122,988 6,86,13,774 36,99,52,45 65,84,851,114 TOWNSHIPS ADDISON BLOOMFIELD BRANDON COMMERCE GROVELAND HIGHLAND HOLLY INDEPENDENCE LYON MILFORD NOVI OAKLAND ORION OXFORD ROSE ROYAL OAK SOUTHFIELD SPRINGFIELD WATERFORD WEST BLOOMFIELD WHITE LAKE TOTAL CITIES TOTAL COUNTY * County Equalization Factor (See Page 22 for detail). % CHANGE ASSESSED 215 TAXABLE 216 TAXABLE 5.8 % 8.51 % 9.54 % 7.12 % 7.97 % 8.56 % 8.67 % 5.72 % % 4.62 % 6.1 % 7.14 % 9.41 % 4.65 % 8.47 % % 7.62 % 8.49 % 9.88 % 7.53 % 1.83 % 323,43,35 3,364,27,21 488,662,33 1,89,878,4 21,2,55 689,3,9 268,287,99 1,423,262,92 918,28,46 833,582,16 8,173,8 1,188,873,26 1,449,68,56 774,323,68 237,545,78 32,53,68 987,82,29 593,524,24 1,944,44,216 3,276,17,5 993,585,43 328,764,471 3,47,928,74 57,368,89 1,853,352,4 25,27,63 75,794,2 274,191,3 1,457,835,373 1,7,537,77 83,25,13 8,22,43 1,241,933,24 1,53,82,83 776,364,44 243,385,38 3,338,12 1,11,95,79 69,87,98 1,982,165,446 3,333,23,1 1,2,871, % 3.17 % 3.83 % 2.4 % 1.99 % 2.39 % 2.2 % 2.43 % 9.75 % -.4 %.58 % 4.46 % 3.73 %.26 % 2.46 % % 2.43 % 2.75 % 1.94 % 1.75 % 2.75 % 8.16 % 21,84,762,176 22,41,68, % 1,627,167,46 494,27,84 2,1,37,5 766,373,34 38,927,22 323,78,1 311,19,17 3,128,358,53 377,32 514,217,83 168,648,45 321,468,78 82,554,69 69,557,68 12,56,8 78,225,7 148,9,716 3,25,569,93 436,294,7 343,922,9 137,265,57 68,32, 675,44,47 3,182,148,13 2,358,343,9 2,417,356, ,2,4 83,45,16 4,54,785,19 18,836,67 663,244,69 1,58,92,38 58,946,49 2,11,188,78 791,127,31 39,427,1 33,387,77 313,625,53 3,127,65,2 916,64 534,548,52 169,554,1 33,782,34 85,68,99 71,228,66 122,79,8 763,32,3 152,991,818 3,298,149,85 44,172,91 351,238,9 141,727,41 662,679,37 679,377,72 3,225,294,4 2,435,82,29 2,4,338, ,152,65 84,628,35 4,54,34,37 183,13,8 652,84,61 3,9,579,261 51,895,341,437 3,384,593,533 52,786,22, % 7.25 % 1.28 % 5.37 % 9.92 % 8.75 % 7.76 % 5.58 % % 12.2 % 8.96 % 9.68 % 1.99 % 6.94 % % 6.6 % 6.58 % 6.68 % 9.73 % 8.74 % 9.79 % 2.26 % 6.28 % 7.6 % 5.94 % 3.52 % 8.55 % 7.71 % 5.9 % 9.73 % 3.97 % 6.2 % 7.4 % % CHANGE TAXABLE * % 3.2 % 5.45 % 3.23 % 1.28 % 2.4 %.81 % -.4 % % 3.95 %.54 % 2.9 % 3.5 % 2.4 % 1.26 % % 2.75 % 2.89 %.89 % 2.13 % 3.25 % %.58 % 1.36 % 3.28 % -.7 % 1.28 % 1.91 %.78 % 1.2 % %.98 % 1.72 % Page 1 of 49

14 216 COMPARISON OF ASSESSED AND TAXABLE VALUES PROPERTY 215 ASSESSED 216 ASSESSED 36,76,25 4,67,82,76 518,558,91 2,69,334,91 22,71,21 78,563,2 296,149,83 1,667,28,6 994,34,61 882,498,99 9,241,7 1,382,553,12 1,62,63,81 828,229,92 251,873,18 27,655,88 1,197,295,63 631,13,8 2,21,792,6 3,74,47,64 1,142,724,97 382,552,743 4,415,66,19 563,89,52 2,23,56,45 24,175,29 851,75,6 323,133,96 1,769,535, 1,154,512,95 952,718,91 9,816,86 1,485,851,75 1,769,733,61 899,696,6 275,945,94 27,923,9 1,291,421,92 689,494,6 2,424,59,61 3,987,968,31 1,269,271,61 TOTAL TOWNSHIPS 24,835,385,34 27,15,611,783 CITIES AUBURN HILLS BERKLEY BIRMINGHAM BLOOMFIELD HILLS CLARKSTON VILLAGE CLAWSON FARMINGTON FARMINGTON HILLS FENTON FERNDALE HAZEL PARK HUNTINGTON WOODS KEEGO HARBOR LAKE ANGELUS LATHRUP VILLAGE MADISON HEIGHTS NORTHVILLE NOVI OAK PARK ORCHARD LAKE PLEASANT RIDGE PONTIAC ROCHESTER ROCHESTER HILLS ROYAL OAK SOUTHFIELD SOUTH LYON SYLVAN LAKE TROY WALLED LAKE WIXOM 1,321,32,8 578,539,6 2,435,848,74 914,127,25 41,848,17 376,17,7 332,414,65 3,38,64,9 392,2 573,996,42 164,685,27 49,797,89 95,127,77 87,59,16 135,884,7 721,692,2 185,67,9 3,464,652,2 44,648,14 414,5,22 171,421,93 612,177,44 75,142,21 3,491,431,31 2,551,297,8 2,364,896,3 367,399,9 14,152, 4,876,381,8 24,724,52 591,975,81 1,442,217,45 621,798,34 2,689,646,67 963,616,6 46,172,49 411,994,47 36,892,42 3,548,68,55 984,7 648,49,19 18,964,92 449,733,81 15,791,88 93,583,77 152,848,1 85,9,71 197,88,3 3,714,798,2 488,148,6 45,159,91 189,97,19 652,99,27 815,657,93 3,781,917,67 2,73,28,79 2,481,59,745 43,792,64 112,572,32 5,244,97,82 226,722,44 647,495,67 32,87,935,66 56,923,321, 34,66,14,215 61,675,751,998 TOWNSHIPS ADDISON BLOOMFIELD BRANDON COMMERCE GROVELAND HIGHLAND HOLLY INDEPENDENCE LYON MILFORD NOVI OAKLAND ORION OXFORD ROSE ROYAL OAK SOUTHFIELD SPRINGFIELD WATERFORD WEST BLOOMFIELD WHITE LAKE TOTAL CITIES TOTAL COUNTY * County Equalization Factor (See Page 22 for detail). % CHANGE ASSESSED 215 TAXABLE 216 TAXABLE 6.4 % 8.54 % 8.74 % 7.79 % 9.14 % 9.12 % 9.11 % 6.15 % % 7.96 % 6.22 % 7.47 % 1.47 % 8.63 % 9.56 %.97 % 7.86 % 9.25 % 1.12 % 7.67 % 11.7 % 282,159,59 3,287,478,75 438,727,53 1,79,558,39 178,19,93 657,776,19 251,516,35 1,356,823,92 836,523,5 726,998,35 7,992,57 1,151,873,25 1,337,75,28 681,191,3 2,22,85 26,18,9 961,564,24 536,93,14 1,871,26,24 3,29,957,84 955,486,46 289,95,891 3,388,752,65 448,535,55 1,759,686,3 182,997,65 675,965,77 257,277,3 1,394,67, ,429,38 748,227,42 8,48,43 1,26,849,3 1,398,181,7 712,,2 25,738,5 25,345,8 986,55,64 553,271,28 1,96,766,17 3,267,164,31 981,439, % 3.8 % 2.24 % 2.93 % 2.7 % 2.77 % 2.29 % 2.79 % 1.87 % 2.92 %.7 % 4.77 % 4.52 % 4.52 % 2.76 % % 2.59 % 3.5 % 1.91 % 1.78 % 2.72 % 8.78 % 2,665,693,12 21,323,949, % 1,225,632,6 481,41,48 1,94,727,59 743,711,31 37,84,93 31,518,19 295,454,3 2,882,842,55 371,92 471,962,22 154,49,38 317,271,57 79,652,5 68,999,99 116,269,15 646,197,18 147,345,468 2,965,733,19 44,239,71 339,41,61 133,845,55 551,537,72 638,54,77 2,987,61,16 2,215,974,48 2,43,11,135 38,949,37 8,298,1 4,67,554,57 167,956,41 523,21,8 1,246,814,95 496,694,61 2,46,964,92 767,61,21 37,574,61 319,38,2 299,427,7 2,923,765,24 91,34 492,62,61 155,186,8 326,463,48 82,55, 7,629,96 117,553,21 66,813,91 151,325,28 3,6,857,2 49,67,56 346,267,51 138,859,98 558,255,33 658,56,77 3,6,819,9 2,312,254,1 2,46,399, ,714,9 82,54,72 4,158,63,32 17,947,93 539,216,42 27,347,444,733 48,13,137,853 28,54,3,153 49,378,249, % 7.48 % 1.42 % 5.41 % 1.33 % 9.57 % 8.57 % 7.27 % % % 9.89 % 9.75 % % 6.94 % % % 6.57 % 7.22 % 1.78 % 8.72 % 1.31 % 6.67 % 8.73 % 8.32 % 7.1 % 4.93 % 9.91 % 8.8 % 7.56 % 1.75 % 9.38 % 8.2 % 8.35 % % CHANGE TAXABLE * 1.73 % 3.18 % 5.47 % 3.21 % 1.32 % 2.74 % 1.34 % 1.42 % % 4.37 %.74 % 2.9 % 3.2 % 2.36 % 1.1 % 2.26 % 2.7 % 3.21 % 1.33 % 2.2 % 3.75 % 1.22 % 3.14 % 2.45 % 4.34 %.16 % 2.51 % 2.19 % 2.23 % 1.78 % 3.6 % 2.58 % 2.84 % Page 11 of 49

15 216 COMPARISON OF ASSESSED AND TAXABLE VALUES PROPERTY 215 ASSESSED 216 ASSESSED % CHANGE ASSESSED 215 TAXABLE 216 TAXABLE % CHANGE TAXABLE TOWNSHIPS ADDISON 41,635, 4,268, % 41,243,76 39,668, % BLOOMFIELD 76,728,46 82,176,9 7.1 % 76,728,46 82,176,9 7.1 % BRANDON 49,934,8 58,833, % 49,934,8 58,833, % COMMERCE 1,32,1 93,666, % 1,32,1 93,666, % GROVELAND 22,871,2 22,131, % 22,829,62 22,29, % HIGHLAND 31,512,49 29,814, % 31,523,9 29,828, % HOLLY 16,75,71 16,847,64.85 % 16,771,64 16,914,.85 % INDEPENDENCE 66,439, 63,165, % 66,439, 63,165, % LYON 81,55,41 8,18, % 81,55,41 8,18, % MILFORD 16,583,81 82,22, % 16,583,81 82,22, % NOVI 18,51 172, % 18,51 172, % OAKLAND 37,,1 35,84, % 37,,1 35,84, % ORION 111,357,9 14,892, % 111,363,28 14,91, % OXFORD 93,132,38 64,514, % 93,132,38 64,364, % ROSE 37,497,63 37,943, % 37,324,93 37,646,88.86 % ROYAL OAK 6,511,78 4,992, % 6,511,78 4,992, % SOUTHFIELD 25,521,82 24,59, % 25,518,5 24,59, % SPRINGFIELD 56,621,1 56,599,7 -.4 % 56,621,1 56,599,7 -.4 % WATERFORD 73,377,976 75,399, % 73,377,976 75,399, % WEST BLOOMFIELD 66,59,66 66,65,79.1 % 66,59,66 66,65,79.1 % WHITE LAKE 38,98,97 39,431, % 38,98,97 39,431, % TOTAL TOWNSHIPS 1,139,595,446 1,78,718, % 1,139,69,56 1,77,659, % CITIES AUBURN HILLS 41,519,86 262,15, % 41,534,86 262,15, % BERKLEY 12,626,36 12,251, % 12,626,36 12,251, % BIRMINGHAM 6,39,46 63,223, % 6,39,46 63,223, % BLOOMFIELD HILLS 22,662,3 23,517, % 22,662,3 23,517, % CLARKSTON VILLAGE 1,842,29 1,852,49.55 % 1,842,29 1,852,49.55 % CLAWSON 13,268,92 11,356, % 13,261,82 11,349, % FARMINGTON 15,654,87 14,197, % 15,654,87 14,197, % FARMINGTON HILLS 245,515,41 23,299, % 245,515,98 23,299, % FENTON 5,4 15, % 5,4 15, % FERNDALE 42,255,61 41,945, % 42,255,61 41,945, % HAZEL PARK 14,598,65 14,386, % 14,599,7 14,367, % HUNTINGTON WOODS 4,197,21 4,318, % 4,197,21 4,318, % KEEGO HARBOR 2,92,64 3,13, % 2,92,64 3,13, % LAKE ANGELUS 557,69 598, % 557,69 598, % LATHRUP VILLAGE 4,299,1 4,533, % 4,29,93 4,525, % MADISON HEIGHTS 134,39,67 12,531, % 134,28,52 12,56, % NORTHVILLE 1,555,248 1,666, % 1,555,248 1,666, % NOVI 239,836,74 237,292, % 239,836,74 237,292, % OAK PARK 32,41,81 3,539, % 32,54,99 3,565, % ORCHARD LAKE 4,512,29 4,971, % 4,512,29 4,971, % PLEASANT RIDGE 3,42,2 2,867, % 3,42,2 2,867, % PONTIAC 128,494,28 14,424, % 128,494,28 14,424, % ROCHESTER 36,899,7 2,816, % 36,899,7 2,816, % ROCHESTER HILLS 194,546,97 164,474, % 194,546,97 164,474, % ROYAL OAK 142,424,25 123,63, % 142,368,61 123,548, % SOUTHFIELD 374,246,72 353,938, % 374,246,72 353,938, % SOUTH LYON 16,52,67 12,437, % 16,52,67 12,437, % SYLVAN LAKE 2,747,6 2,573, % 2,747,6 2,573, % TROY 437,23,62 381,971, % 437,23,62 381,971, % WALLED LAKE 12,88,26 12,65, % 12,88,26 12,65, % WIXOM 14,43,61 113,588, % 14,43,61 113,588, % TOTAL CITIES 2,743,187,328 2,33,38, % 2,743,134,528 2,33,293, % TOTAL COUNTY 3,882,782,774 3,49,99, % 3,882,23,584 3,47,953, % Page 12 of 49

16 216 COMPARISON OF EQUALIZED VALUES YR 5 YR 1 YR AGRICULTURAL 144,357,345 81,771,18 67,583,6 67,42, % % % COMMERCIAL 12,74,731,14 1,795,35,52 9,416,529,95 9,867,734, % % % INDUSTRIAL 4,491,747,19 1,928,636,7 1,67,792,58 1,86,943, % % % RESIDENTIAL 54,926,992,118 35,954,354,243 45,768,414,87 49,933,653, % % -9.9 % TIMBER CUTOVER DEVELOPMENTAL 23,51,58 7,33,51-1. % -1. % TOTAL 72,291,329,373 48,766,831,153 56,923,321, 61,675,751, % % % TOTAL 4,148,396,21 3,686,629,19 3,882,782,774 3,49,99, % % % GRAND TOTAL 76,439,725,583 52,453,46,343 6,86,13,774 65,84,851, % 24.8 % % Page 13 of 49

17 216 COMPARISON OF TAXABLE VALUES YR 5 YR 1 YR AGRICULTURAL 54,987,428 45,72,54 42,98,71 42,597, % -6.8 % % COMMERCIAL 9,959,236,636 1,54,37,362 8,668,179,912 8,731,176, % % % INDUSTRIAL 3,71,576,99 1,842,489,88 1,575,95,217 1,66,675, % % % RESIDENTIAL 44,249,526,81 35,166,132,285 37,726,99,14 38,997,799, % 1.9 % % TIMBER CUTOVER DEVELOPMENTAL 11,825,63 5,2,63-1. % -1. % TOTAL 57,986,152,765 47,113,715,697 48,13,137,853 49,378,249, % 4.81 % % TOTAL 4,147,262,47 3,684,824,56 3,882,23,584 3,47,953, % % % GRAND TOTAL 62,133,415,235 5,798,54,257 51,895,341,437 52,786,22, % 3.91 % % Page 14 of 49

18 STATE TAX COMMISSION L YEAR 216 ANALYSIS FOR EQUALIZED VALUE COUNTY SUMMARY PROPERTY ASSESSED VALUE TRUE CASH VALUE TAXABLE VALUE 1 11 AGRICULTURAL 67,583,6 138,29, LOSS 2,732,2 5,65, ,851,4 132,423, ADJUSTMENT 943, ,794,95 132,423, NEW 1,625,42 3,263, TOTAL AGRICULTURAL 67,42, ,687,715 42,597, COMMERCIAL 9,416,529,95 19,738,73,72 22 LOSS 168,142,53 35,438, ,248,387,42 19,387,634,77 24 ADJUSTMENT 377,457, ,625,845,183 19,387,634,77 26 NEW 241,889, ,81, TOTAL COMMERCIAL 9,867,734,99 19,874,435,839 8,731,176, INDUSTRIAL 1,67,792,58 3,582,127, LOSS 21,93,43 45,882, ,648,889,15 3,536,244, ADJUSTMENT 18,912, ,757,82,6 3,536,244, NEW 49,141,54 98,919, TOTAL INDUSTRIAL 1,86,943,546 3,635,164,421 1,66,675, RESIDENTIAL 45,768,414,87 99,595,266, LOSS 146,374, ,441, ,622,4,225 99,276,824, ADJUSTMENT 3,612,26, ,234,247,171 99,276,824, NEW 699,46,47 1,41,957, TOTAL RESIDENTIAL 49,933,653,218 1,687,782,482 38,997,799, TIMBER CUTOVER DEVELOPMENTAL 62 LOSS ADJUSTMENT NEW TOTAL DEVELOPMENTAL 8 TOTAL 61,675,751, ,333,7,457 49,378,249,227 Page 15 of 49

19 STATE TAX COMMISSION L YEAR 216 ANALYSIS FOR EQUALIZED VALUE COUNTY SUMMARY PROPERTY ASSESSED VALUE TRUE CASH VALUE TAXABLE VALUE AGRICULTURAL 152 LOSS ADJUSTMENT NEW TOTAL AGRICULTURAL COMMERCIAL 1,816,563,144 3,64,227, LOSS 355,851, ,3, ,46,711,346 2,927,224, ADJUSTMENT 255 1,46,711,346 2,927,224, NEW 315,626,68 632,472, TOTAL COMMERCIAL 1,776,338,26 3,559,697,463 1,776,357, INDUSTRIAL 1,52,717,28 2,19,66, LOSS 556,57,14 1,114,143, ,66,14 994,922, ADJUSTMENT ,66,14 994,922, NEW 62,116,87 124,374, TOTAL INDUSTRIAL 558,777,1 1,119,296, ,777, RESIDENTIAL 452 LOSS ADJUSTMENT NEW TOTAL RESIDENTIAL UTILITIES 1,13,52,35 2,27,4,7 552 LOSS 21,359,36 42,718, ,142,99 1,984,285, ADJUSTMENT ,142,99 1,984,285, NEW 81,841,9 163,682, TOTAL UTILITIES 1,73,984,8 2,147,968,16 1,72,819,19 85 TOTAL 3,49,99,116 6,826,962,444 3,47,953,246 Page 16 of 49

20 STATE TAX COMMISSION L YEAR 216 ANALYSIS FOR EQUALIZED VALUE COUNTY SUMMARY PARCELS ASSESSED VALUE TRUE CASH VALUE EQUALIZED VALUE TAXABLE VALUE 18 TOTAL AGRICULTURAL 38 67,42, ,687,715 67,42,325 42,597,45 28 TOTAL COMMERCIAL 21,434 9,867,421,11 19,874,435,839 9,867,734,99 8,731,176, TOTAL INDUSTRIAL 4,611 1,86,911,86 3,635,164,421 1,86,943,546 1,66,675, TOTAL RESIDENTIAL 454,324 49,913,569,275 1,687,782,482 49,933,653,218 38,997,799, TOTAL TIMBER CUTOVER 68 TOTAL DEVELOPMENTAL 8 TOTAL 48,749 61,655,322,57 124,333,7,457 61,675,751,998 49,378,249, TOTAL AGRICULTURAL 258 TOTAL COMMERCIAL 5,247 1,776,338,26 3,559,697,463 1,776,338,26 1,776,357, TOTAL INDUSTRIAL 2,85 558,777,1 1,119,296, ,777,1 558,777,1 458 TOTAL RESIDENTIAL 558 TOTAL UTILITIES 431 1,73,984,8 2,147,968,16 1,73,984,8 1,72,819,19 85 TOTAL 52,763 3,49,99,116 6,826,962,444 3,49,99,116 3,47,953,246 9 GRAND TOTAL 533,512 65,64,421, ,16,32,91 65,84,851,114 52,786,22,473 Page 17 of 49

21 216 DISTRIBUTION OF ASSESSED AND EQUALIZED VALUES BY TOWNSHIPS ASSESSING DISTRICT - TOWNSHIPS ADDISON BLOOMFIELD BRANDON PROPERTY ASSESSED EQUALIZED PROPERTY TAXABLE ASSESSED EQUALIZED TAXABLE 362,123, ,552, ,95,891 4,268,33 4,268,33 39,668,58 4,415,66,19 4,415,66,19 3,388,752,65 82,176,9 82,176,9 82,176,9 563,89,52 563,89,52 448,535,55 58,833,34 58,833,34 58,833,34 COMMERCE 2,23,56,45 2,23,56,45 1,759,686,3 93,666,1 93,666,1 93,666,1 GROVELAND 24,175,29 24,175,29 182,997,65 22,131,13 22,131,13 22,29,98 HIGHLAND 851,75,6 851,75,6 675,965,77 29,814,13 29,814,13 29,828,43 HOLLY 323,133,96 323,133,96 257,277,3 16,847,64 16,847,64 16,914, INDEPENDENCE 1,769,535, 1,769,535, 1,394,67,323 63,165,5 63,165,5 63,165,5 LYON 1,154,512,95 1,154,512,95 927,429,38 8,18,39 8,18,39 8,18,39 952,718,91 952,718,91 748,227,42 82,22,71 82,22,71 82,22,71 9,816,86 9,816,86 8,48,43 172, 172, 172, OAKLAND 1,485,851,75 1,485,851,75 1,26,849,3 35,84,21 35,84,21 35,84,21 ORION 1,769,733,61 1,769,733,61 1,398,181,7 14,892,9 14,892,9 14,91,13 OXFORD 899,696,6 899,696,6 712,,2 64,514,59 64,514,59 64,364,42 ROSE 275,945,94 275,945,94 25,738,5 37,943,76 37,943,76 37,646,88 27,923,9 27,923,9 25,345,8 4,992,32 4,992,32 4,992,32 SOUTHFIELD 1,291,421,92 1,291,421,92 986,55,64 24,59,15 24,59,15 24,59,15 SPRINGFIELD 689,494,6 689,494,6 553,271,28 56,599,7 56,599,7 56,599,7 WATERFORD 2,424,59,61 2,424,59,61 1,96,766,17 75,399,276 75,399,276 75,399,276 WEST BLOOMFIELD 3,987,968,31 3,987,968,31 3,267,164,31 66,65,79 66,65,79 66,65,79 MILFORD NOVI ROYAL OAK WHITE LAKE TOTAL TOWNSHIPS 1,269,271,61 1,269,271,61 981,439,96 39,431,32 39,431,32 39,431,32 26,995,182,355 27,15,611,783 21,323,949,74 1,78,718,926 1,78,718,926 1,77,659,866 * County Equalization Factor (See Page 22 for detail). Page 18 of 49 *

22 216 DISTRIBUTION OF ASSESSED AND EQUALIZED VALUES BY TOWNSHIPS / ASSESSING DISTRICT - TOWNSHIPS NUMBER OF ACRES ASSESSED VALUE EQUALIZED VALUE % OF COUNTY TAXABLE VALUE % OF COUNTY ADDISON 23, ,391, ,821,73.65 % 328,764, % BLOOMFIELD 16,71.8 4,497,242,28 4,497,242, % 3,47,928, % BRANDON 23, ,723,86 622,723,86.96 % 57,368,89.96 % COMMERCE 19, ,324,226,55 2,324,226, % 1,853,352, % GROVELAND 23, ,36,42 262,36,42.4 % 25,27,63.39 % HIGHLAND 23, ,564,19 881,564, % 75,794, % HOLLY 23, ,981,6 339,981,6.52 % 274,191,3.52 % INDEPENDENCE 23, ,832,7,5 1,832,7, % 1,457,835, % LYON 2, ,234,621,34 1,234,621, % 1,7,537, % MILFORD 22,52.7 1,34,741,62 1,34,741, % 83,25, % NOVI 68. 9,988,86 9,988,86.2 % 8,22,43.2 % OAKLAND 23, ,52,935,96 1,52,935, % 1,241,933, % ORION 23,8.69 1,874,626,51 1,874,626, % 1,53,82, % OXFORD 22, ,211,19 964,211, % 776,364, % ROSE 23, ,889,7 313,889,7.48 % 243,385,38.46 % ,916,22 32,916,22.5 % 3,338,12.6 % SOUTHFIELD 5, ,316,12,7 1,316,12,7 2.2 % 1,11,95, % SPRINGFIELD 23, ,94,3 746,94, % 69,87, % WATERFORD 22, ,499,989,886 2,499,989, % 1,982,165, % WEST BLOOMFIELD 2, ,54,34,1 4,54,34, % 3,333,23, % WHITE LAKE 23, ,38,72,93 1,38,72, % 1,2,871, % 45, ,73,91,281 28,94,33,79 ROYAL OAK TOTAL TOWNSHIPS % 22,41,68, % * County Equalization Factor (See Page 22 for detail). Page 19 of 49 *

23 ASSESSING DISTRICT - CITIES 216 DISTRIBUTION OF ASSESSED AND EQUALIZED VALUES BY CITIES PROPERTY PROPERTY ASSESSED EQUALIZED TAXABLE ASSESSED EQUALIZED TAXABLE AUBURN HILLS 1,442,217,45 1,442,217,45 1,246,814,95 262,15,43 262,15,43 262,15,43 BERKLEY 621,798,34 621,798,34 496,694,61 12,251,88 12,251,88 12,251,88 BIRMINGHAM 2,689,646,67 2,689,646,67 2,46,964,92 63,223,86 63,223,86 63,223,86 BLOOMFIELD HILLS 963,616,6 963,616,6 767,61,21 23,517,1 23,517,1 23,517,1 CLARKSTON VILLAGE 46,172,49 46,172,49 37,574,61 1,852,49 1,852,49 1,852,49 CLAWSON 411,994,47 411,994,47 319,38,2 11,356,57 11,356,57 11,349,57 FARMINGTON 36,892,42 36,892,42 299,427,7 14,197,83 14,197,83 14,197,83 FARMINGTON HILLS 3,548,68,55 3,548,68,55 2,923,765,24 23,299,3 23,299,3 23,299,78 FENTON 984,7 984,7 91,34 15,3 15,3 15,3 FERNDALE 648,49,19 648,49,19 492,62,61 41,945,91 41,945,91 41,945,91 HAZEL PARK 18,964,92 18,964,92 155,186,8 14,386,27 14,386,27 14,367,93 HUNTINGTON WOODS 449,733,81 449,733,81 326,463,48 4,318,86 4,318,86 4,318,86 KEEGO HARBOR 15,791,88 15,791,88 82,55, 3,13,99 3,13,99 3,13,99 LAKE ANGELUS 93,583,77 93,583,77 7,629,96 598,7 598,7 598,7 LATHRUP VILLAGE 152,848,1 152,848,1 117,553,21 4,533,83 4,533,83 4,525,87 MADISON HEIGHTS 85,9,71 85,9,71 66,813,91 12,531,42 12,531,42 12,56,12 NORTHVILLE 197,88,3 197,88,3 151,325,28 1,666,61 1,666,61 1,666,61 NOVI 3,714,798,2 3,714,798,2 3,6,857,2 237,292,83 237,292,83 237,292,83 OAK PARK 488,148,6 488,148,6 49,67,56 3,539,46 3,539,46 3,565,35 ORCHARD LAKE 45,159,91 45,159,91 346,267,51 4,971,39 4,971,39 4,971,39 PLEASANT RIDGE 189,97,19 189,97,19 138,859,98 2,867,43 2,867,43 2,867,43 PONTIAC 652,99,27 652,99,27 558,255,33 14,424,4 14,424,4 14,424,4 ROCHESTER 815,657,93 815,657,93 658,56,77 2,816,95 2,816,95 2,816,95 ROCHESTER HILLS 3,781,917,67 3,781,917,67 3,6,819,9 164,474,5 164,474,5 164,474,5 ROYAL OAK 2,73,28,79 2,73,28,79 2,312,254,1 123,63,4 123,63,4 123,548,19 SOUTHFIELD 2,481,59,745 2,481,59,745 2,46,399, ,938,98 353,938,98 353,938,98 SOUTH LYON 43,792,64 43,792,64 316,714,9 12,437,75 12,437,75 12,437,75 SYLVAN LAKE 112,572,32 112,572,32 82,54,72 2,573,63 2,573,63 2,573,63 TROY 5,244,97,82 5,244,97,82 4,158,63,32 381,971,5 381,971,5 381,971,5 WALLED LAKE 226,722,44 226,722,44 17,947,93 12,65,87 12,65,87 12,65,87 WIXOM 647,495,67 647,495,67 539,216,42 113,588,19 113,588,19 113,588,19 TOTAL CITIES 34,66,14,215 34,66,14,215 28,54,3,153 2,33,38,19 2,33,38,19 2,33,293,38 TOTAL TOWNSHIPS 26,995,182,355 27,15,611,783 21,323,949,74 1,78,718,926 1,78,718,926 1,77,659,866 TOTAL COUNTY 61,655,322,57 61,675,751,998 49,378,249,227 3,49,99,116 3,49,99,116 3,47,953,246 Page 2 of 49

24 ASSESSING DISTRICT - CITIES NUMBER OF ACRES 216 DISTRIBUTION OF ASSESSED AND EQUALIZED VALUES BY CITIES / ASSESSED VALUE EQUALIZED VALUE AUBURN HILLS 1, ,74,322,88 1,74,322, % 1,58,92, % BERKLEY 1, ,5,22 634,5,22.97 % 58,946,49.96 % BIRMINGHAM 3, ,752,87,53 2,752,87, % 2,11,188,78 4. % BLOOMFIELD HILLS 3, ,133,16 987,133, % 791,127, % CLARKSTON VILLAGE ,24,98 48,24,98.7 % 39,427,1.7 % CLAWSON 1, ,351,4 423,351,4.65 % 33,387,77.63 % FARMINGTON 1, ,9,25 375,9,25.58 % 313,625,53.59 % FARMINGTON HILLS 21, ,751,97,58 3,751,97, % 3,127,65, % FENTON 11. 1,, 1,,. % 916,64. % FERNDALE 2, ,355,1 69,355,1 1.6 % 534,548, % HAZEL PARK 1, ,351,19 195,351,19.3 % 169,554,1.32 % HUNTINGTON WOODS ,52,67 454,52,67.7 % 33,782,34.63 % KEEGO HARBOR ,85,87 18,85,87.17 % 85,68,99.16 % LAKE ANGELUS 1, ,182,47 94,182,47.14 % 71,228,66.13 % LATHRUP VILLAGE ,381,84 157,381,84.24 % 122,79,8.23 % MADISON HEIGHTS 4, ,622,13 97,622, % 763,32, % NORTHVILLE ,474,91 199,474,91.31 % 152,991, % NOVI 2, ,952,9,85 3,952,9, % 3,298,149, % OAK PARK 3, ,687,52 518,687,52.8 % 44,172,91.83 % ORCHARD LAKE 2, ,131,3 455,131,3.7 % 351,238,9.67 % PLEASANT RIDGE ,964,62 191,964,62.29 % 141,727,41.27 % PONTIAC 12, ,414,31 757,414, % 662,679, % ROCHESTER 2, ,474,88 836,474, % 679,377, % ROCHESTER HILLS 21,6.12 3,946,392,17 3,946,392, % 3,225,294, % ROYAL OAK 7, ,853,811,83 2,853,811, % 2,435,82, % SOUTHFIELD 16, ,835,448,725 2,835,448, % 2,4,338, % SOUTH LYON 2, ,23,39 416,23,39.64 % 329,152,65.62 % SYLVAN LAKE ,145,95 115,145,95.18 % 84,628,35.16 % TROY 21, ,626,878,87 5,626,878, % 4,54,34, % WALLED LAKE 1, ,788,31 238,788,31.37 % 183,13,8.35 % WIXOM 5, ,83,86 761,83, % 652,84, % TOTAL TOWNSHIPS 45, ,73,91,281 28,94,33, % 22,41,68, % TOTAL CITIES 174, ,99,52,45 36,99,52, % 3,384,593, % TOTAL COUNTY 58, ,64,421,686 65,84,851, % 52,786,22, % % OF COUNTY TAXABLE VALUE % OF COUNTY Page 21 of 49

25 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY TOWNSHIPS (1) ASSESSED VALUES BY CLASS (3) EQUALIZED VALUES BY CLASS (5) TAXABLE VALUE ASSESSING DISTRICT - TOWNSHIPS AGRICULTURAL * ADDISON BLOOMFIELD BRANDON COMMERCE GROVELAND HIGHLAND COMMERCIAL (2) EQUALIZATION FACTOR (4) PARCEL COUNT INDUSTRIAL RESIDENTIAL TIMBER DEVELOPMENT TOTAL 1 14,966,675 6,927,16 1,545,67 338,683,81 362,123, ,966,675 7,24,959 1,577, ,767, ,552, ,977 3,14 5 7,987,615 5,221,99 1,354,9 274,531, ,95, ,19,84 2,387,59 4,11,658,76 4,415,66, ,19,84 2,387,59 4,11,658,76 4,415,66, ,749 18, ,26,39 2,15,57 3,139,476,69 3,388,752,65 1 8,235,99 32,776,5 1,755,86 521,122,17 563,89, ,235,99 32,776,5 1,755,86 521,122,17 563,89, ,895 6,14 5 3,246,48 29,645,84 1,415,57 414,227,66 448,535, ,454,16 34,89,77 1,946,215,52 2,23,56, ,454,16 34,89,77 1,946,215,52 2,23,56, ,682 17, ,622,24 31,124,19 1,493,939,87 1,759,686,3 1 3,174,75 16,773,48 3,437,61 216,789,45 24,175, ,174,75 16,773,48 3,437,61 216,789,45 24,175, ,35 2, ,685,33 15,823,72 2,533,15 161,955,45 182,997,65 1 3,682,53 61,717,74 9,15,89 777,243,9 851,75, ,682,53 61,717,74 9,15,89 777,243,9 851,75, ,482 7, ,886,75 56,618,97 8,53,7 67,929,35 675,965,77 * Amount Added From Equalization Factor Commercial Industrial Residential +313, ,686 +2,83,943 Page 22 of 49

26 ASSESSING DISTRICT - TOWNSHIPS 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY TOWNSHIPS AGRICULTURAL (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE COMMERCIAL INDUSTRIAL RESIDENTIAL TIMBER DEVELOPMENT HOLLY 1 6,474,42 34,989,6 4,984,45 276,686,3 323,133, ,474,42 34,989,6 4,984,45 276,686,3 323,133, ,865 5, ,773, 31,395,93 4,398,33 216,71,4 257,277,3 INDEPENDENCE 1 2,82, 15,822,2 1,553,63,8 1,769,535, ,82, 15,822,2 1,553,63,8 1,769,535, ,865 13, ,375,382 13,44,749 1,214,89,192 1,394,67,323 LYON 1 4,943,5 149,66,2 51,988,33 947,975,1 1,154,512, ,943,5 149,66,2 51,988,33 947,975,1 1,154,512, ,356 7, ,194,86 126,297,15 39,622,39 759,314,98 927,429,38 MILFORD 1 1,544,35 79,699,1 49,86,76 822,388,7 952,718, ,544,35 79,699,1 49,86,76 822,388,7 952,718, ,272 6, ,14 69,64,56 46,148,2 631,767,7 748,227,42 NOVI 1 9,816,86 9,816, ,816,86 9,816, ,48,43 8,48,43 OAKLAND 1 2,279,35 22,42,76 1,398,7 1,459,752,94 1,485,851, ,279,35 22,42,76 1,398,7 1,459,752,94 1,485,851, ,35 7, ,2 2,471,26 1,335,44 1,184,68,31 1,26,849,3 TOTAL Page 23 of 49

27 ASSESSING DISTRICT - TOWNSHIPS 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY TOWNSHIPS AGRICULTURAL (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE COMMERCIAL INDUSTRIAL RESIDENTIAL TIMBER DEVELOPMENT ORION 1 28,499,94 53,957,59 1,57,276,8 1,769,733, ,499,94 53,957,59 1,57,276,8 1,769,733, ,123 14, ,995,33 5,298,91 1,159,887,46 1,398,181,7 OXFORD 1 4,651,62 85,17,71 34,776,53 775,16,74 899,696, ,651,62 85,17,71 34,776,53 775,16,74 899,696, ,421 7, ,96,3 77,382,68 25,749,55 64,97,49 712,,2 ROSE 1 1,327,38 856,74 589,2 264,172,8 275,945, ,327,38 856,74 589,2 264,172,8 275,945, ,151 3, ,713,92 685,83 434,25 196,94,5 25,738,5 ROYAL OAK 1 15,832,14 2,495,14 9,596,62 27,923, ,832,14 2,495,14 9,596,62 27,923, ,49,49 2,455,38 9,48,93 25,345,8 SOUTHFIELD 1 81,981,47 21,4 1,29,239,5 1,291,421, ,981,47 21,4 1,29,239,5 1,291,421, ,949 6, ,339,87 191,71 99,974,6 986,55,64 SPRINGFIELD 1 3,49,3 39,724,8 7,354,6 639,365,9 689,494, ,49,3 39,724,8 7,354,6 639,365,9 689,494, ,379 5, ,481,58 35,437,4 6,854,75 58,497,55 553,271,28 TOTAL Page 24 of 49

28 ASSESSING DISTRICT - TOWNSHIPS 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY TOWNSHIPS AGRICULTURAL (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE COMMERCIAL INDUSTRIAL RESIDENTIAL TIMBER DEVELOPMENT WATERFORD 1 398,12,97 28,515,84 1,997,953,8 2,424,59, ,12,97 28,515,84 1,997,953,8 2,424,59,61 4 1, ,38 31, ,541,68 26,741,6 1,534,483,43 1,96,766,17 WEST BLOOMFIELD 1 33,528,73 1,533,29 3,655,96,29 3,987,968, ,528,73 1,533,29 3,655,96,29 3,987,968, ,9 25, ,535,97 1,319,44 2,964,38,9 3,267,164,31 WHITE LAKE 1 4,9,46 13,69,13 2,574,2 1,158,997,82 1,269,271, ,9,46 13,69,13 2,574,2 1,158,997,82 1,269,271, ,672 12, ,986,5 89,776,97 2,429,74 886,247,2 981,439,96 TOTAL TOWNSHIPS 1 67,42,325 2,42,727,45 38,41,44 24,198,633,14 26,927,762,3 3 67,42,325 2,421,41,249 38,433,126 24,218,717,83 27,15,611, ,354 1,16 194,531 22, ,597,45 2,131,442, ,357,799 18,881,551,578 21,323,949,74 TOTAL Page 25 of 49

29 ASSESSING DISTRICT - CITIES 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY CITIES AGRICULTURAL (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE COMMERCIAL INDUSTRIAL RESIDENTIAL TIMBER DEVELOPMENT AUBURN HILLS 1 559,273,7 496,19,21 386,835,17 1,442,217, ,273,7 496,19,21 386,835,17 1,442,217, ,61 6, ,17,83 434,912,75 34,884,37 1,246,814,95 BERKLEY 1 56,147,75 858,44 564,792,15 621,798, ,147,75 858,44 564,792,15 621,798, ,747 7, ,74,43 795,42 444,824,76 496,694,61 BIRMINGHAM 1 374,941,63 1,884,85 2,312,82,19 2,689,646, ,941,63 1,884,85 2,312,82,19 2,689,646, ,146 9, ,427,8 1,181,57 1,736,355,55 2,46,964,92 BLOOMFIELD HILLS 1 13,274,64 833,341,42 963,616, ,274,64 833,341,42 963,616, ,777 1, ,113,45 648,496,76 767,61,21 CLARKSTON VILLAGE 1 7,443,9 38,728,59 46,172, ,443,9 38,728,59 46,172, ,853,81 3,72,8 37,574,61 CLAWSON 1 67,646,31 2,981,53 341,366,63 411,994, ,646,31 2,981,53 341,366,63 411,994, ,916 5, ,489,15 2,784,24 252,764,81 319,38,2 TOTAL Page 26 of 49

30 ASSESSING DISTRICT - CITIES 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY CITIES AGRICULTURAL (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE COMMERCIAL INDUSTRIAL RESIDENTIAL TIMBER DEVELOPMENT FARMINGTON 1 81,441,99 4,232,57 275,217,86 36,892, ,441,99 4,232,57 275,217,86 36,892, ,424 3, ,84,33 4,55,4 218,288,33 299,427,7 FARMINGTON HILLS 1 72,713,63 99,325,2 2,746,569,9 3,548,68, ,713,63 99,325,2 2,746,569,9 3,548,68,55 4 1, ,494 27, ,15,68 93,312,6 2,181,346,96 2,923,765,24 FENTON 1 984,7 984, ,7 984, ,34 91,34 FERNDALE 1 17,91,72 22,492,38 518,825,9 648,49, ,91,72 22,492,38 518,825,9 648,49, ,336 1, ,181,7 2,524,18 378,897,36 492,62,61 HAZEL PARK 1 4,458,54 5,261,18 135,245,2 18,964, ,458,54 5,261,18 135,245,2 18,964, ,21 7, ,973,2 4,56,75 113,652,13 155,186,8 HUNTINGTON WOODS 1 7,166,49 442,567,32 449,733, ,166,49 442,567,32 449,733, ,461 2, ,438, 32,25,48 326,463,48 TOTAL Page 27 of 49

31 ASSESSING DISTRICT - CITIES 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY CITIES AGRICULTURAL (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE COMMERCIAL INDUSTRIAL RESIDENTIAL TIMBER DEVELOPMENT KEEGO HARBOR 1 17,642,49 88,149,39 15,791, ,642,49 88,149,39 15,791, ,321 1, ,254,71 65,8,29 82,55, LAKE ANGELUS 1 79,86 93,53,91 93,583, ,86 93,53,91 93,583, ,48 7,551,48 7,629,96 LATHRUP VILLAGE 1 2,757,6 132,9,41 152,848, ,757,6 132,9,41 152,848, ,764 1, ,371,7 98,181,51 117,553,21 MADISON HEIGHTS 1 275,49,88 73,96,54 455,774,29 85,9, ,49,88 73,96,54 455,774,29 85,9, ,331 11, ,424,11 66,56,79 342,333,1 66,813,91 NORTHVILLE 1 4,387,68 193,42,62 197,88, ,387,68 193,42,62 197,88, ,32 1, ,185,92 147,14, ,325,28 NOVI 1 961,99,15 41,564,1 2,711,324,77 3,714,798, ,99,15 41,564,1 2,711,324,77 3,714,798, ,59 18, ,36,37 38,362,3 2,169,188,62 3,6,857,2 TOTAL Page 28 of 49

32 ASSESSING DISTRICT - CITIES 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY CITIES AGRICULTURAL (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE COMMERCIAL INDUSTRIAL RESIDENTIAL TIMBER DEVELOPMENT OAK PARK 1 98,333,1 2,94,9 368,874,6 488,148, ,333,1 2,94,9 368,874,6 488,148, ,926 1, ,836,93 19,829,1 293,941,53 49,67,56 ORCHARD LAKE 1 1,545,31 53,95 439,56,65 45,159, ,545,31 53,95 439,56,65 45,159, ,17 1,4 5 9,962,29 41,57 336,263,65 346,267,51 PLEASANT RIDGE 1 6,96,55 182,136,64 189,97, ,96,55 182,136,64 189,97, ,225 1, ,629,45 133,23,53 138,859,98 PONTIAC 1 235,265,71 54,21,4 363,73,52 652,99, ,265,71 54,21,4 363,73,52 652,99,27 4 1, ,26 25, ,917,8 49,742,89 31,594,64 558,255,33 ROCHESTER 1 124,71,1 29,193,86 662,393,6 815,657, ,71,1 29,193,86 662,393,6 815,657, ,54 4, ,38,58 26,465,19 519,787, 658,56,77 ROCHESTER HILLS 1 458,975,37 13,938,16 3,192,4,14 3,781,917, ,975,37 13,938,16 3,192,4,14 3,781,917, ,44 25, ,989,87 122,63,67 2,55,199,36 3,6,819,9 TOTAL Page 29 of 49

33 ASSESSING DISTRICT - CITIES 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY CITIES AGRICULTURAL (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE COMMERCIAL INDUSTRIAL RESIDENTIAL TIMBER DEVELOPMENT ROYAL OAK 1 439,131,98 41,961,27 2,249,115,54 2,73,28, ,131,98 41,961,27 2,249,115,54 2,73,28,79 4 1, ,255 25, ,81,37 39,7,3 1,879,373,7 2,312,254,1 SOUTHFIELD 1 1,269,247,25 52,421,39 1,159,841,15 2,481,59, ,269,247,25 52,421,39 1,159,841,15 2,481,59, , ,862 24, ,95,757,5 46,718,3 93,924,15 2,46,399,455 SOUTH LYON 1 33,86,7 4,171,71 365,814,23 43,792, ,86,7 4,171,71 365,814,23 43,792, ,644 3, ,197,45 3,874,26 281,643,19 316,714,9 SYLVAN LAKE 1 11,859,41 197,66 1,515,25 112,572, ,859,41 197,66 1,515,25 112,572, ,211,25 149,43 71,694,4 82,54,72 TROY 1 1,74,211,48 329,55,27 3,841,146,7 5,244,97, ,74,211,48 329,55,27 3,841,146,7 5,244,97,82 4 1, ,479 29, ,54,33 286,584,67 2,977,938,32 4,158,63,32 WALLED LAKE 1 51,83,85 5,28,93 169,889,66 226,722, ,83,85 5,28,93 169,889,66 226,722, ,833 3, ,81,64 4,9,79 117,245,5 17,947,93 TOTAL Page 3 of 49

34 ASSESSING DISTRICT - CITIES 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY CITIES AGRICULTURAL (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE COMMERCIAL INDUSTRIAL RESIDENTIAL TIMBER DEVELOPMENT WIXOM 1 217,695,61 81,415,46 348,384,6 647,495, ,695,61 81,415,46 348,384,6 647,495, ,48 4, ,392,16 71,765,19 27,59,7 539,216,42 TOTAL CITIES 1 7,446,693,66 1,498,51,42 25,714,936,135 34,66,14, ,446,693,66 1,498,51,42 25,714,936,135 34,66,14, ,8 3,55 259, , ,599,734,337 1,338,317,46 2,116,248,356 28,54,3,153 TOTAL TOWNSHIPS 1 67,42,325 2,42,727,45 38,41,44 24,198,633,14 26,927,762,3 3 67,42,325 2,421,41,249 38,433,126 24,218,717,83 27,15,611, ,354 1,16 194,531 22, ,597,45 2,131,442, ,357,799 18,881,551,578 21,323,949,74 TOTAL COUNTY 1 67,42,325 9,867,421,11 1,86,911,86 49,913,569,275 61,587,92, ,42,325 9,867,734,99 1,86,943,546 49,933,653,218 61,675,751, ,434 4, ,324 48, ,597,45 8,731,176,989 1,66,675,259 38,997,799,934 49,378,249,227 TOTAL Page 31 of 49

35 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY TOWNSHIPS (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE ASSESSING DISTRICT - TOWNSHIPS AGRICULTURAL COMMERCIAL INDUSTRIAL RESIDENTIAL UTILITIES TOTAL ADDISON 1 78,77 617,41 38,87,15 4,268, ,77 617,41 38,87,15 4,268, ,77 617,41 38,27,4 39,668,58 BLOOMFIELD 1 56,834,65 25,341,44 82,176, ,834,65 25,341,44 82,176,9 4 1, , ,834,65 25,341,44 82,176,9 BRANDON 1 2,54,28 133,83 56,159,23 58,833, ,54,28 133,83 56,159,23 58,833, ,54,28 133,83 56,159,23 58,833,34 COMMERCE 1 46,67,14 18,573,26 28,422,7 93,666, ,67,14 18,573,26 28,422,7 93,666,1 4 1, , ,67,14 18,573,26 28,422,7 93,666,1 GROVELAND 1 3,57,6 1,122,87 17,51,2 22,131, ,57,6 1,122,87 17,51,2 22,131, ,57,6 1,122,87 17,4,5 22,29,98 HIGHLAND 1 8,987,19 4,821,88 16,5,6 29,814, ,987,19 4,821,88 16,5,6 29,814, ,1,49 4,821,88 16,5,6 29,828,43 Page 32 of 49

36 ASSESSING DISTRICT - TOWNSHIPS 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY TOWNSHIPS (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE AGRICULTURAL COMMERCIAL INDUSTRIAL RESIDENTIAL UTILITIES TOTAL HOLLY 1 4,254,82 2,47,8 1,185,74 16,847, ,254,82 2,47,8 1,185,74 16,847, ,321,18 2,47,8 1,185,74 16,914, INDEPENDENCE 1 21,768,1 3,79, 37,687,95 63,165, ,768,1 3,79, 37,687,95 63,165, ,768,1 3,79, 37,687,95 63,165,5 LYON 1 31,315,45 12,717,26 36,75,68 8,18, ,315,45 12,717,26 36,75,68 8,18, ,315,45 12,717,26 36,75,68 8,18,39 MILFORD 1 23,769,12 24,75,6 33,53,53 82,22, ,769,12 24,75,6 33,53,53 82,22, ,769,12 24,75,6 33,53,53 82,22,71 NOVI 1 172, 172, , 172, , 172, OAKLAND 1 6,191,51 1,326,25 27,566,45 35,84, ,191,51 1,326,25 27,566,45 35,84, ,191,51 1,326,25 27,566,45 35,84,21 Page 33 of 49

37 ASSESSING DISTRICT - TOWNSHIPS 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY TOWNSHIPS (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE AGRICULTURAL COMMERCIAL INDUSTRIAL RESIDENTIAL UTILITIES TOTAL ORION 1 3,755,81 32,24,2 42,113,7 14,892, ,755,81 32,24,2 42,113,7 14,892, ,52 5 3,764,4 32,24,2 42,113,7 14,91,13 OXFORD 1 1,788,82 12,464,58 41,261,19 64,514, ,788,82 12,464,58 41,261,19 64,514, ,788,82 12,464,58 41,111,2 64,364,42 ROSE 1 831,95 37,111,81 37,943, ,95 37,111,81 37,943, ,95 36,814,93 37,646,88 ROYAL OAK 1 3,118,26 993,56 88,5 4,992, ,118,26 993,56 88,5 4,992, ,118,26 993,56 88,5 4,992,32 SOUTHFIELD 1 16,335,59 8,254,56 24,59, ,335,59 8,254,56 24,59, ,335,59 8,254,56 24,59,15 SPRINGFIELD 1 7,62,8 3,674,7 45,862,2 56,599, ,62,8 3,674,7 45,862,2 56,599, ,62,8 3,674,7 45,862,2 56,599,7 Page 34 of 49

38 ASSESSING DISTRICT - TOWNSHIPS 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY TOWNSHIPS (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE AGRICULTURAL COMMERCIAL INDUSTRIAL RESIDENTIAL UTILITIES TOTAL WATERFORD 1 41,124, ,84 33,856,8 75,399, ,124, ,84 33,856,8 75,399, , ,8 5 41,124, ,84 33,856,8 75,399,276 WEST BLOOMFIELD 1 34,776,7 31,289,72 66,65, ,776,7 31,289,72 66,65,79 4 1, , ,776,7 31,289,72 66,65,79 WHITE LAKE 1 14,113,85 1,223,62 24,93,85 39,431, ,113,85 1,223,62 24,93,85 39,431, ,113,85 1,223,62 24,93,85 39,431,32 TOTAL TOWNSHIPS 1 365,526,876 12,977,22 592,214,83 1,78,718, ,526,876 12,977,22 592,214,83 1,78,718, , , ,615,766 12,977,22 591,66,88 1,77,659,866 Page 35 of 49

39 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY CITIES (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE ASSESSING DISTRICT - CITIES AGRICULTURAL COMMERCIAL INDUSTRIAL RESIDENTIAL UTILITIES TOTAL AUBURN HILLS 1 115,174,92 126,44,89 2,489,62 262,15, ,174,92 126,44,89 2,489,62 262,15,43 4 1, , ,174,92 126,44,89 2,489,62 262,15,43 BERKLEY 1 6,686,2 87,41 5,478,45 12,251, ,686,2 87,41 5,478,45 12,251, ,686,2 87,41 5,478,45 12,251,88 BIRMINGHAM 1 42,959,31 51,5 2,213,5 63,223, ,959,31 51,5 2,213,5 63,223,86 4 1, , ,959,31 51,5 2,213,5 63,223,86 BLOOMFIELD HILLS 1 17,827,95 5,689,15 23,517, ,827,95 5,689,15 23,517, ,827,95 5,689,15 23,517,1 CLARKSTON VILLAGE 1 1,342,37 51,12 1,852, ,342,37 51,12 1,852, ,342,37 51,12 1,852,49 CLAWSON 1 6,341,95 774,81 4,239,81 11,356, ,341,95 774,81 4,239,81 11,356, ,341,95 774,81 4,232,81 11,349,57 Page 36 of 49

40 ASSESSING DISTRICT - CITIES 216 ANALYSIS BY CLASS OF PROPERTY VALUATIONS BY CITIES (1) ASSESSED VALUES BY CLASS (2) EQUALIZATION FACTOR (3) EQUALIZED VALUES BY CLASS (4) PARCEL COUNT (5) TAXABLE VALUE AGRICULTURAL COMMERCIAL INDUSTRIAL RESIDENTIAL UTILITIES TOTAL FARMINGTON 1 5,966,34 2,181,93 6,49,56 14,197, ,966,34 2,181,93 6,49,56 14,197, ,966,34 2,181,93 6,49,56 14,197,83 FARMINGTON HILLS 1 118,227,17 34,399,57 5,672,29 23,299, ,227,17 34,399,57 5,672,29 23,299,3 4 2, , ,229,9 34,399,57 5,67,31 23,299,78 FENTON 1 15,3 15, ,3 15, ,3 15,3 FERNDALE 1 13,988,71 16,284,92 11,672,28 41,945, ,988,71 16,284,92 11,672,28 41,945, ,988,71 16,284,92 11,672,28 41,945,91 HAZEL PARK 1 6,669,77 1,268,15 6,448,35 14,386, ,669,77 1,268,15 6,448,35 14,386, ,651,43 1,268,15 6,448,35 14,367,93 HUNTINGTON WOODS 1 1,396,69 2,922,17 4,318, ,396,69 2,922,17 4,318, ,396,69 2,922,17 4,318,86 Page 37 of 49