2009 MILLAGE REDUCTION FRACTION CALCULATIONS WORKSHEET INCLUDING MILLAGE REDUCTION FRACTIONS NOT SPECIFICALLY ASSIGNED TO EQUALIZATION DIRECTOR BY LAW
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1 MICHIGAN DEPT OF TREASURY, STC L (1-03) 2009 MILLAGE REDUCTION FRACTION CALCULATIONS WORKSHEET INCLUDING MILLAGE REDUCTION FRACTIONS NOT SPECIFICALLY ASSIGNED TO EQUALIZATION DIRECTOR BY LAW LIVINGSTON COUNTY TAXING JURISDICTION: Fowlerville School District w/inter-county 2008 Total Taxable Value 586,231,129 Losses 3,581,374 Additions 14,323, Total Taxable Value Based on SEV 572,348, Total Taxable Value Based on Assessed Value 572,348, Total Taxable Value Based on CEV 572,348,330 NOTE: The last two items above are only needed when it is necessary to calculate a Truth in Assessing or Truth in County Equalization Rollback Fraction. 1. Sec d, MCL, HEADLEE (for each unit of local government) 586,231,129-3,581,374 x = 608,286, (2008 Total Taxable Value - Losses) X Inflation Rate of = Total Taxable Value Based on SEV - Additions 2009 Millage 572,348,330-14,323,273 = 558,025,057 Reduction Fraction (Headlee) See State Tax Commission Bulletin #3 of 1995 regarding the calculation of losses & additions. See also the Supplements to STC Bulletin #3 of 1995 contained in STC Bulletin #3 of a. Sec , MCL, TRUTH IN ASSESSING (for cities & twps if SEV exceeds AV for 2009 only) 2009 Total Taxable Value Based on Assessed Value for all Classes 572,348, = Total Taxable Value Based on 572,348, Rollback SEV for all Classes Fraction See State Tax Commission Bulletin #4 of 2002 for more information regarding this calculation. (Truth in Assessing) 2b. Sec , MCL, TRUTH IN COUNTY EQUALIZATION (for villages, counties, & authorities if SEV exceeds CEV for 2009 only) 2009 Total Taxable Value based on CEV for all Classes = Total Taxable Value based on SEV for all Classes 2009 Rollback Fraction (Truth in Co. Equalization) See State Tax Commission Bulletin #5 of 2004 for information regarding this calculation. 3. Sec e, MCL, TRUTH IN TAXATION (for each taxing jurisdiction that levied more than 1 mill for operating purposes in 2008 only) 586,231,129-3,581,374 = 582,649, Total Taxable Value - Losses = Total Taxable Value Based on SEV - Additions 2009 Base Rate 572,348,330-14,323,273 = 558,025,057 Fraction (Truth in Taxation) Use same amounts for additions & losses as were used for the d ("Headlee") rollback. NOTE: The truth in taxation BTRF is independent from the cumulative millage reductions provided by sections d & The Base Tax Rate equals the BTRF X 2006 Operating Rate levied. 34
2 2009 LIVINGSTON COUNTY HEADLEE RECAP Fowlerville School District Assessment Jurisdiction 2008 Taxable Losses Additions 2009 Taxable Cohoctah Twp. 37,823,801 59, ,050 38,875,856 HO TR '97 100, ,191 HO TR '02 90, ,143 Township Total: 38,014,735 59, ,050 39,075,190 Conway Twp. 120,139, , , ,292,350 MOR TR '93 62, ,610 MOR TR '97 85, ,860 WEB TR '00 70, ,472 Township Total: 120,356, , , ,492,292 Handy Twp. 287,784,560 2,989,388 10,651, ,040,540 WE/FO '01 587, , ,371,880 2,989,388 10,651, ,525,410 Howell Twp. 10,451,908 9, ,287 10,526,020 Iosco Twp. 108,251, ,412 2,234, ,187,509 Unadilla Twp. 8,263,234 5, ,290 8,388,436 COUNTY TOTAL: 573,709,736 3,441,074 14,195, ,194,857 Ingham County 7,158, , ,600 6,904,366 Shiawassee County 5,362, ,249,107 Total Inter-County: 12,521, , ,600 12,153,473 GRAND TOTAL: 586,231,129 3,581,374 14,323, ,348,330 35
3 MICHIGAN DEPT OF TREASURY, STC L (1-03) 2009 MILLAGE REDUCTION FRACTION CALCULATIONS WORKSHEET INCLUDING MILLAGE REDUCTION FRACTIONS NOT SPECIFICALLY ASSIGNED TO EQUALIZATION DIRECTOR BY LAW LIVINGSTON COUNTY TAXING JURISDICTION: Fowlerville School District - Non Homestead w/inter-county 2008 Total Taxable Value 126,665,062 Losses 251,201 Additions 5,974, Total Taxable Value Based on SEV 129,912, Total Taxable Value Based on Assessed Value 129,912, Total Taxable Value Based on CEV 129,912,820 NOTE: The last two items above are only needed when it is necessary to calculate a Truth in Assessing or Truth in County Equalization Rollback Fraction. 1. Sec d, MCL, HEADLEE (for each unit of local government) 126,665, ,201 x = 131,976, (2008 Total Taxable Value - Losses) X Inflation Rate of = Total Taxable Value Based on SEV - Additions 2009 Millage 129,912,820-5,974,085 = 123,938,735 Reduction Fraction (Headlee) See State Tax Commission Bulletin #3 of 1995 regarding the calculation of losses & additions. See also the Supplements to STC Bulletin #3 of 1995 contained in STC Bulletin #3 of a. Sec , MCL, TRUTH IN ASSESSING (for cities & twps if SEV exceeds AV for 2009 only) 2009 Total Taxable Value Based on Assessed Value for all Classes 129,912, = Total Taxable Value Based on 129,912, Rollback SEV for all Classes Fraction See State Tax Commission Bulletin #4 of 2002 for more information regarding this calculation. (Truth in Assessing) 2b. Sec , MCL, TRUTH IN COUNTY EQUALIZATION (for villages, counties, & authorities if SEV exceeds CEV for 2009 only) 2009 Total Taxable Value based on CEV for all Classes = Total Taxable Value based on SEV for all Classes 2009 Rollback Fraction (Truth in Co. Equalization) See State Tax Commission Bulletin #5 of 2004 for information regarding this calculation. 3. Sec e, MCL, TRUTH IN TAXATION (for each taxing jurisdiction that levied more than 1 mill for operating purposes in 2008 only) 126,665, ,201 = 126,413, Total Taxable Value - Losses = Total Taxable Value Based on SEV - Additions 2009 Base Rate 129,912,820-5,974,085 = 123,938,735 Fraction (Truth in Taxation) Use same amounts for additions & losses as were used for the d ("Headlee") rollback. NOTE: The truth in taxation BTRF is independent from the cumulative millage reductions provided by sections d & The Base Tax Rate equals the BTRF X 2006 Operating Rate levied. 36
4 2009 LIVINGSTON COUNTY HEADLEE RECAP Fowlerville School District Assessment Jurisdiction 2008 Non Homestead Losses Additions 2009 Non Homestead Cohoctah Twp. 4,950,628 6,355 66,050 5,085,403 Conway Twp. 13,372,509 48, ,780 12,876,220 Handy Twp. 88,380,720 43,905 3,380,680 92,413,840 WE/FO '01 2, ,070 88,383,670 43,905 3,380,680 92,416,910 Howell Twp. 1,205,274 9,066 19,119 1,209,877 Iosco Twp. 15,629,608 2,575 1,940,796 15,506,785 Unadilla Twp. 1,108, ,510 1,124,090 COUNTY TOTAL NON HOMESTEAD: 124,650, ,951 5,854, ,219,285 Ingham Co. 1,298, , ,150 1,239,034 Shiawassee Co. 716, ,501 Total Inter-County: 2,014, , ,150 1,693,535 GRAND TOTAL NON HOMESTEAD: 126,665, ,201 5,974, ,912,820 37
5 FOWLERVILLE SCHOOLS 2009 TAXABLE VALUE TOTAL TOTAL PER. GRAND UNIT AG. COMM. IND. RES. DEV. REAL PROPERTY TOTAL COHOCTAH 3,456, , ,050 33,382, ,353,456 1,522,400 38,875,856 Non-P.R.E 0 33, ,948 3,469, ,639,353 1,446,050 5,085,403 COH/HO TR.' , , ,191 No-nP.R.E COH/HO TR.' , , ,143 Non-P.R.E CONWAY 14,382, ,542 93,935, ,334,390 3,957, ,292,350 Non-P.R.E ,542 9,034, ,050,580 3,825,640 12,876,220 CON/MOR TR' , , ,610 Non-P.R.E CON/MORR TR ' , , ,860 Non-P.R.E CON/WEB TR ' , , ,472 Non-P.R.E HANDY 9,443,910 41,165,960 19,535, ,572, ,717,840 33,322, ,040,540 Non-P.R.E 106,580 39,758,220 18,083,740 22,304, ,253,090 12,160,750 92,413,840 WEB/FO , , ,870 Non-P.R.E , , ,070 HOWELL 1,664, ,912 8,445, ,169, ,583 10,526,020 Non-P.R.E , , , ,583 1,209,877 IOSCO 8,701, , ,042 93,772, ,725,870 6,461, ,187,509 Non-P.R.E 0 133, ,042 8,920, ,171,869 6,334,916 15,506,785 UNADILLA 644, ,642, ,287, ,310 8,388,436 Non-P.R.E ,022, ,022, ,310 1,124,090 TOTAL 38,293,536 41,482,030 20,062, ,634, ,472,265 45,722, ,194,857 Non-P.R.E. 106,580 39,925,266 18,414,184 45,548, ,994,036 24,225, ,219,285
6 47030 FOWLERVILLE SCHOOLS 2009 TAXABLE VALUE * PERSONAL PROPERTY TOTAL PER. UNIT AG. COMM. IND. RES. UTIL. PROPERTY 39 COHOCTAH 0 76, ,446,050 1,522,400 Non-P.R.E ,446,050 1,446,050 COH/HO TR. ' COH/HO TR CONWAY 0 132, ,825,640 3,957,960 Non-P.R.E ,825,640 3,825,640 CON/MOR TR. ' CON/MOR TR. ' CON/WEB TR. ' HANDY 0 7,117,300 14,044, ,160,750 33,322,700 Non-P.R.E ,160,750 12,160,750 WEB/FO Non-P.R.E HOWELL , ,583 Non-P.R.E , ,583 IOSCO 0 112,110 14, ,334,916 6,461,639 Non-P.R.E ,334,916 6,334,916 UNADILLA , ,310 Non-P.R.E , ,310 TOTAL 0 7,438,080 14,059, ,225,249 45,722,592 Non-P.R.E ,225,249 24,225,249
7 47030 FOWLERVILLE SCHOOLS 2009 EQUALIZED VALUE TOTAL TOTAL PER. GRAND UNIT AG. COMM. IND. RES. DEV. REAL PROPERTY TOTAL COHOCTAH 7,472, ,500 1,478,900 39,555, ,881,100 1,522,400 50,403,500 COH/HO TR. ' , , ,500 COH/HO TR. ' , , ,900 CONWAY 34,332, ,250 99,792, ,199,760 3,957, ,157,720 CON/MOR TR' , , ,610 CON/MOR TR' , , ,860 CON/WEB TR. ' , , , HANDY 22,969,170 56,075,260 26,471, ,871, ,387,440 33,322, ,710,140 WE/FO ' , , ,080 HOWELL 4,254, ,089 9,340, ,825, ,583 14,182,495 IOSCO 20,376, , , ,417, ,373,852 6,706, ,080,597 UNADILLA 1,283, ,616, ,900, ,310 11,001,410 TOTAL 90,688,714 56,687,793 28,595, ,547, ,520,284 45,967, ,487,982
8 47030 FOWLERVILLE SCHOOLS 2009 EQUALIZED VALUE * PERSONAL PROPERTY TOTAL PER. UNIT AG. COMM. IND. RES. UTIL. PROPERTY COHOCTAH 0 76, ,446,050 1,522,400 COH/HO TR.' COH/HO TR. ' CONWAY 0 132, ,825,640 3,957,960 CON/MOR TR. ' CON/MOR TR CON/WEB TR. ' HANDY 0 7,117,300 14,044, ,160,750 33,322,700 HOWELL , ,583 IOSCO 0 112,110 14, ,580,022 6,706,745 UNADILLA , ,310 TOTAL 0 7,438,080 14,059, ,470,355 45,967,698
9 LIVINGSTON COUNTY FOWLERVILLE SCHOOL DISTRICT TOP 10 TAXABLE VALUES 2009 NAME SEV-IFT TAXABLE-IFT SEV - ADVALOREM TAXABLE - ADVALOREM 1. TRW AUTOMOTIVE & 351 8,977,630 8,977,630 9,798,810 9,677, AISIN HOLDINGS OF AMERICA - 101, 251, 301 & ,178,660 12,178,660 7,088,330 4,573, ASAHI KASAI - 301, 351, 702 & ,562,330 13,693,900 2,630,190 2,345, DETROIT EDISON & ,462,744 15,412, MERIDIAN AUTOMOTIVE SYSTEMS- 301 & ,547,790 13,521, , , WAL-MART STORES ,010,010 10,010, MS PLASTIC WELDERS - 351, 702 & 752 7,941,910 7,788,230 1,444,150 1,444, RHETECH & 251 3,949,390 3,928, , , VECTOR PIPELINES & 551 3,424,892 3,424, CONSUMERS ENERGY & 551 4,641,517 3,422,459 TOTALS: 62,157,710 60,088,440 56,151,063 51,615,215 42
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