Full Text
69 OTSEGO COUNTY L-4028 26-Apr-24 Michigan Department of Treasury This form is issued under authority of Sections 211.34d and 11:53 AM L-4028 (Rev. 4-12) 211.150, M.C.L.. Filing of this form is mandatory. Failure to file is punishable under section 211.119, M.C.L. Revised on 4/19/2024 2024 MILLAGE REDUCTION FRACTION COMPUTATION (ALL PROPERTIES) 2023 2024 2024 MILLAGE TRUTH IN TAXABLE VALUE TAXABLE VALUE TAXABLE TAXABLE REDUCTION FRACTION TAXATION CODE TAXING AS OF AS OF VALUE OF VALUE OF HEADLEE (211.34d) (BTRF) NUMBER JURISDICTION 1-May-23 1-May-24 LOSSES ADDITIONS (211.24e) M.C.L. 691-010 Bagley 283,616,756 312,520,056 1,170,193 10,968,635 0.9844 0.9366 691-020 Charlton 136,420,408 145,630,491 483,224 2,611,904 0.9990 0.9505 691-030 Chester 108,694,533 118,244,416 780,416 5,468,160 1.0000 0.9569 691-040 Corwith 78,889,448 85,427,221 644,761 2,249,502 0.9887 0.9407 691-050 Dover 42,284,745 46,464,361 214,158 2,464,507 1.0000 0.9562 691-060 Elmira 179,733,293 191,613,381 158,360 1,953,064 0.9951 0.9468 691-070 Hayes 154,843,698 164,825,955 155,587 2,678,600 1.0000 0.9540 691-080 Livingston 149,543,690 164,526,431 2,074,000 10,058,625 1.0000 0.9547 691-090 Otsego Lake 198,752,736 213,991,307 285,270 2,989,900 0.9886 0.9406 692-010 City of Gaylord 205,211,565 226,108,258 2,684,018 11,969,466 0.9940 0.9458 690000 Total County 1,537,990,872 1,669,351,877 8,649,987 53,412,363 0.9947 0.9464 693-010 Village of Vanderbilt 10,174,835 10,924,269 91,500 112,700 0.9802 0.9326 INTERMEDIATE DISTRICTS & AUTHORITIES 5/1/2023 5/1/2024 Losses Additions 2024 M. R. F. Truth in Taxation C.O.P. 1,526,095,735 1,656,354,743 8,647,787 53,178,063 *IC C.O.O.R. 11,895,137 12,997,134 2,200 234,300 *IC KIRTLAND 13,139,771 14,303,992 2,200 234,300 *IC GAYLORD DDA 25,518,388 26,674,208 187,200 286,800 1.0000 0.9600 ELMIRA-WARNER FIRE DIST 177,248,393 188,373,888 158,360 1,440,200 *IC School Districts 69020 GAYLORD SCHOOLS TOTAL 1,237,025,023 1,345,102,109 7,181,479 45,040,413 *IC GAYLORD (KIRTLAND) 1,244,634 1,306,858 0 0 *IC 69030 JOHANNESBURG/LEWISTON 202,861,469 217,976,144 799,189 5,708,033 *IC 69040 VANDERBILT 84,964,609 91,969,632 667,119 2,429,617 *IC 20015 CRAWFORD/AUSABLE 11,895,137 12,997,134 2,200 234,300 *IC TOTALS 1,537,990,872 1,669,351,877 8,649,987 53,412,363 **NOTE: 1993 P.A. 145(SENATE BILL 1)PROVIDES THAT A MILLAGE REDUCTION FRACTION SHALL NOT EXCEED 1.0000 ---PAGE BREAK--- L-4028 continued OTSEGO COUNTY 2024 MILLAGE REDUCTION FRACTION COMPUTATION (TOTAL&NON-PRE) School Districts Total Taxable/Non-PRE Taxable 5/1/2023 5/1/2024 Losses Additions 69020 Gaylord Community 1,238,269,657 1,346,408,967 7,181,479 45,040,413 *IC Non-PRE/MBT 676,100,497 736,853,924 2,760,498 27,792,914 *IC 69030 Jo-burg-Lewiston Area 202,861,469 217,976,144 799,189 5,708,033 *IC Non-PRE/MBT 106,428,608 113,812,761 506,093 3,435,706 *IC 69040 Vanderbilt Area School 84,964,609 91,969,632 667,119 2,429,617 *IC Non-PRE/MBT 35,555,178 37,998,700 122,030 820,000 *IC 20015 Crawford-AuSable 11,895,137 12,997,134 2,200 234,300 *IC Non-PRE/MBT 8,259,022 9,020,912 2,200 234,300 *IC 69 Otsego Cnty Total 1,537,990,872 1,669,351,877 8,649,987 53,412,363 Otsego Cnty Non-PRE Total 826,343,305 897,686,297 3,390,821 32,282,920 *I.C. Indicates Inter-County taxing jurisdictions. The valuations on this form are for Otsego County only. The Millage Reduction Fraction(MRF)and Base Tax Rate Fraction(BTRF)calculations will be based on the valuation of the entire taxing district. Mark Reetz, Director Otsego County Equalization Department