2018 BERRIEN COUNTY EQUALIZATION DEPARTMENT ANNUAL REPORT / EQUALIZATION REPORT

Transcription

1 2018 BERRIEN COUNTY EQUALIZATION DEPARTMENT ANNUAL REPORT / EQUALIZATION REPORT

2 EQUALIZATION DEPARTMENT ANNUAL REPORT DEPARTMENT FUNCTIONS Main Function of the Equalization Department The Equalization Department principally exists to assist the Board of Commissioners with the development of; Equalization Report Adopted in April of each year Apportionment Report Adopted in October of each year

3 EQUALIZATION DEPARTMENT ANNUAL REPORT APPORTIONMENT Apportionment Report millage rates are applied to EQ Report Numbers Total Millage Rate Rank County Total Rate 1 Livingston Leelanau Oakland Macomb Ottawa Monroe Emmet Iosco Clinton Lenawee Mackinac Berrien Washtenaw Kent Ionia Allegan Jackson Clare Montcalm Lapeer Cass Alcona Huron Kalamazoo Calhoun Grand Traverse Muskegon Delta Mason Allocated Millage Rate County Allocated Rate 1 Livingston Benzie Leelanau Roscommon Ottawa Lapeer Iosco Tuscola Oakland Sanilac Otsego Alcona Kent Huron Gladwin Montcalm Charlevoix Van Buren Washtenaw Mackinac Macomb Saint Joseph Allegan Ionia Cass Kalamazoo Clare Branch Berrien Other Additional Millage Rates County Other Rates 1 Clinton Macomb Oakland Livingston Emmet Leelanau Monroe Lenawee Jackson Calhoun Ogemaw Muskegon Berrien Clare Ionia Mecosta Mackinac Allegan Presque Isle Washtenaw Ottawa Cass Gogebic Montcalm Grand Traverse Iosco Cheboygan Kent Kalamazoo

4 EQUALIZATION DEPARTMENT ANNUAL REPORT ACTIVITIES OVER THE LAST YEAR Assessor Continuing Education Participants Class Name 60 MBOR 38 Key Updates 22 CAMA Data Standards 35 Ag Valuation Benton Harbor Reappraisal Verified all land value and ECF determinations Verified accuracy of field work Assessment Roll Audits L-4029 Preperation s were prepared for various taxing authorities GASB 77 reporting Created reports for each taxing authority to comply with GASB 77 Budget preparation Help to forecast future taxable value Damage Assessment February Flooding event Serve of Various Boards MAA, MAED, MMAAO, BCAA Assistance to Local Units Created new land value grids for commercial and industrial properties This grid is now being circulated by the STC to other EQ Departments

5 EQUALIZATION DEPARTMENT ANNUAL REPORT BENTON HARBOR REAPPRAISAL Benton Harbor s reappraisal was completed by Tyler Technologies. Every property within the city limits was visited. 1% of the properties were then visited by the Equalization Department to verify accuracy of the reappraisal Inaccuracies were found through this process. Just over 500 properties needed to be re-visited as a result. Database was scrubbed for pricing errors 677 various issues were found that needed correction. 640 parcels were found that needed to be deleted 388 parcels needed to have their depreciation double checked ECF and Land Value tables were approved by the Equalization Department before being implemented.

6 EQUALIZATION DEPARTMENT ANNUAL REPORT BENTON HARBOR REAPPRAISAL What do the numbers say? 2017 SEV 2018 CEV AV $ Change AV % Change 2017 Taxable Value 2018 Taxable Value TV % TV $ Change Change Commercial 60,321,000 55,442,100 (4,878,900) -8.09% 38,139,700 32,334,045 (5,805,655) % Industrial 17,099,700 19,898,100 2,798, % 13,144,072 12,820,864 (323,208) -2.46% Residential 55,126,595 60,165,882 5,039, % 49,341,265 48,871,827 (469,438) -0.95% Personal Property 17,537,470 15,992,200 (1,545,270) -8.81% 17,537,470 15,992,200 (1,545,270) -8.81% Grand Total 150,084, ,498,282 1,413, % 118,162, ,018,936 (8,143,571) -6.89%

7 EQUALIZATION DEPARTMENT ANNUAL REPORT BENTON HARBOR REAPPRAISAL Example of why taxable value dropped; DHS Building was valued at $15,802,800 for 2017 After the reappraisal it is valued at $3,265,600 or an AV of $1,632, AV 2018 AV Difference $7,901,400 $1,632,800 -$6,268, TV 2018 TV Difference $3,216,695 $1,632,800 -$1,583,895 There are three of these extreme cases that account for $4,125,389 or 51% of the taxable value decrease. When you have enough of these large taxable value decreases it will offset the increases because the increases are capped at the CPI.

8 EQUALIZATION DEPARTMENT ANNUAL REPORT BENTON HARBOR REAPPRAISAL Taxable Value Stats by Class Residential Taxable Value Stats # of Occurences Avg Amount Avg Percent Increase 2,297 $2, % 0% to 5% 2,124 $ % 5% to 20% 31 $3, % Greater than 20 % 139 $28, % Decrease 1,303 -$3, % 0% to -5% 175 -$ % -5% to -20% 447 -$2, % Greater than -20 % 683 -$6, %

9 EQUALIZATION DEPARTMENT ANNUAL REPORT BENTON HARBOR REAPPRAISAL Taxable Value Stats by Class Commercial Taxable Value Stats # of Occurences Avg Amount Avg Percent Increase 409 $2, % 0% to 5% 398 $1, % 5% to 20% 1 $12, % Greater than 20 % 10 $59, % Decrease 59 -$144, % 0% to -5% 7 -$6, % -5% to -20% 11 -$17, % Greater than -20 % 43 -$202, %

10 EQUALIZATION DEPARTMENT ANNUAL REPORT BENTON HARBOR REAPPRAISAL Taxable Value Stats by Class Industrial Taxable Value Stats # of Occurences Avg Amount Avg Percent Increase 34 $6, % 0% to 5% 34 $6, % 5% to 20% - N/A N/A Greater than 20 % - N/A N/A Decrease 16 -$53, % 0% to -5% 2 -$ % -5% to -20% 6 -$3, % Greater than -20 % 9 -$92, %

11 OVERVIEW OF 2018 EQUALIZATION REPORT What is the Equalization Report used for? First and foremost the report is a compilation of the level of assessments for each class of property within each local unit of government. If a level of assessment is not within 49 to 50 percent the value of that class shall be accordingly adjusted to reach 50 percent. The report shows the concluded values for each class of property by each Township, City and School District. The values listed in this report are the basis for the coming year s tax collection. Local Townships, Cities and School Districts use the report to estimate tax revenues.

12 OVERVIEW OF 2018 EQUALIZATION REPORT As previously stated, if a level of assessment is not within 49 to 50 percent the value of that class shall be accordingly adjusted to reach 50 percent. This year an adjustment needs to be made in the agricultural class of Galien Township. After the Township BOR their ratio of assessment came in at 50.91% This means that they are over-assessing the agricultural properties by 1.79%. By applying a factor you will be decreasing the assessed value for the agricultural class by $586,748. Taxable value will be reduced by $37,775

13 OVERVIEW OF 2018 EQUALIZATION REPORT Equalization Report page 22 shows how the adjustment is made. Class Real Property Parcel Count 2017 State Equalized Value 2018 Assessed Value ASSESSED VALUE INFORMATION Equalization Factor 2018 County Equalized Value Percent Change from Last Year Percent of Local Unit Total TAXABLE VALUE INFORMATION 2017 Taxable Value 2018 Taxable Value Percent Change from Last Year Agricultural 212 $37,550,895 $32,760, $32,174, % 41.81% $16,234,179 $14,322, % Commercial 37 $1,140,251 $1,128, $1,128, % 1.47% $864,313 $866, % Industrial 11 $800,380 $902, $902, % 1.17% $714,999 $789, % Residential 754 $35,924,213 $38,398, $38,398, % 49.90% $26,821,330 $30,065, % Developmental 0 $0 $0 N/A $0 0% 0% $0 $0 0% Total Real 1014 $75,415,739 $73,190,500 $72,603, % 94.35% $44,634,821 $46,043, % Personal Property Agricultural 0 $0 $0 N/A $0 0% 0% $0 $0 0% Commercial 19 $1,437,158 $1,329, $1,329, % 1.73% $1,437,158 $1,329, % Industrial 3 $17,467 $242, $242, % 0.31% $17,467 $242, % Residential 0 $0 $0 N/A $0 0% 0% $0 $0 0% Utility 6 $2,746,731 $2,776, $2,776, % 3.61% $2,746,731 $2,776, % Total Personal 28 $4,201,356 $4,348,200 $4,348, % 5.65% $4,201,356 $4,348, %

14 OVERVIEW OF 2018 EQUALIZATION REPORT Real Property Values Quick Stats from the Report CEV = $9,013,672, % increase from 2017 TV = $7,336,975, % increase from 2017 Personal Property Values CEV = $525,058, % Decrease from 2017 TV = $522,224, % Decrease from 2017 All Properties Combined CEV = $9,538,731, % increase from 2017 TV = $7,859,200, % increase from 2017

15 OVERVIEW OF 2018 EQUALIZATION REPORT DEVELOPMENTAL 0.00% PERSONAL 5.50% AGRICULTURAL 5.77% COMMERCIAL 8.16% INDUSTRIAL 12.84% RESIDENTIAL 67.73% Assessed Value

16 OVERVIEW OF 2018 EQUALIZATION REPORT DEVELOPMENTAL 0.00% PERSONAL 6.64% AGRICULTURAL 3.53% COMMERCIAL 8.46% INDUSTRIAL 15.29% RESIDENTIAL 66.07% Taxable Value

17 OVERVIEW OF 2018 EQUALIZATION REPORT %, $7,859,237, %, $9,538,731, %, $7,669,810, %, $9,492,140, %, $7,481,709, %, $9,372,917, %, $7,435,636, %, $9,171,342, %, $7,263,772, %, $8,922,917, %, $7,014,903, %, $8,603,717, %, $6,947,739, %, $8,682,555, %, $6,983,786, %, $9,020,094, %, $6,886,322, %, $9,125,842, %, $6,922,686, %, $9,500,027, %, $6,608,426, %, $9,279,023, %, $6,266,685, %, $8,596,156, %, $5,842,412, %, $7,805,264, %, $5,484,942, %, $7,170,520,995 Taxable Value 5.05%, $5,091,433, %, $6,437,351, %, $4,846,544, %, $6,041,382, %, $4,645,642, %, $5,593,170, %, $4,414,501, %, $5,202,804, %, $4,164,176, %, $4,808,707, %, $4,087,802, %, $4,616,938, %, $3,949,543, %, $4,406,440, %, $3,768,924, %, $4,077,280, %, $3,636,113, %, $3,821,646, %, $3,497,944, %, $3,588,445,197 Base Year, $3,386,309,260 Base Year, $3,386,309,260

18 OVERVIEW OF 2018 EQUALIZATION REPORT $12,000,000, Year Trend in Gap between Equalized and Taxable Value (All Properties) $10,000,000,000 $8,000,000,000 $6,000,000,000 $4,000,000,000 $2,000,000,000 $ Equalized Value Taxable Value

19 Bainbridge Township Baroda Township Benton Township Berrien Township Bertrand Township Buchanan Township Chikaming Township Coloma Township Galien Township Hagar Township Lake Township Lincoln Township New Buffalo Township Niles Township Oronoko Township Pipestone Township Royalton Township Saint Joseph Township Sodus Township Three Oaks Township Watervliet Township Weesaw Township Benton Harbor City Bridgman City Buchanan City Coloma City New Buffalo City Niles City -5.89% -6.89% -3.35% -2.43% -2.13% -2.71% -1.84% -1.29% -0.20% -0.27% -0.51% -0.87% -1.29% -0.62% -0.80% -1.31% 0.46% 0.50% 1.38% 0.56% 1.02% 0.44% 0.18% 0.94% 1.76% 1.81% 1.49% 1.45% 1.47% 1.49% 1.22% 1.28% 2.43% 2.68% 2.09% 2.64% 3.35% 2.90% 3.02% 3.19% 3.22% 2.91% 3.04% 2.54% 2.93% 2.72% 2.87% 2.52% 2.66% 3.28% 3.07% 2.58% 3.98% 4.46% 4.49% 4.17% OVERVIEW OF 2018 EQUALIZATION REPORT 10.50% Local Unit Change in SEV and Taxable Value 8.50% 6.50% 4.50% 2.50% 0.50% -1.50% -3.50% -5.50% -7.50% % Change in Equalized % Change in Taxable