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69 OTSEGO COUNTY L-4028 21-May-25 Michigan Department of Treasury This form is issued under authority of Sections 211.34d and 08:26 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 5/6/2024 2025 MILLAGE REDUCTION FRACTION COMPUTATION (ALL PROPERTIES) 2024 2025 2025 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-24 1-May-25 LOSSES ADDITIONS (211.24e) M.C.L. 691-010 Bagley 312,513,570 334,639,448 2,555,784 9,465,338 0.9828 0.9532 691-020 Charlton 145,595,192 155,234,243 449,857 4,284,600 0.9914 0.9615 691-030 Chester 118,216,034 124,370,666 1,589,773 5,999,100 1.0000 0.9853 691-040 Corwith 85,439,952 89,892,518 939,587 1,661,000 0.9874 0.9577 691-050 Dover 45,760,218 48,192,130 537,800 1,257,500 0.9934 0.9635 691-060 Elmira 191,537,413 202,273,091 187,384 3,015,480 0.9901 0.9603 691-070 Hayes 163,949,761 171,879,694 83,776 1,493,600 0.9915 0.9617 691-080 Livingston 162,095,768 167,778,230 92,710 1,428,200 1.0000 0.9739 691-090 Otsego Lake 213,010,318 225,952,154 405,546 3,125,859 0.9837 0.9541 692-010 City of Gaylord 225,083,046 246,145,036 2,515,010 19,590,500 1.0000 0.9824 690000 Total County 1,663,201,272 1,766,357,210 9,357,227 51,321,177 0.9942 0.9643 693-010 Village of Vanderbilt 10,924,269 11,708,743 12,834 39,900 0.9641 0.9351 INTERMEDIATE DISTRICTS & AUTHORITIES 5/1/2024 5/1/2025 Losses Additions 2024 M. R. F. Truth in Taxation C.O.P. 1,650,204,138 1,752,692,772 9,355,927 51,113,043 *IC C.O.O.R. 12,997,134 13,664,438 1,300 208,134 *IC KIRTLAND 14,303,992 15,208,896 1,300 320,134 *IC GAYLORD DDA 26,674,208 27,476,483 377,200 439,600 1.0000 0.9726 ELMIRA-WARNER FIRE DIST 188,297,920 198,226,059 135,684 2,413,999 *IC School Districts 69020 GAYLORD SCHOOLS TOTAL 1,339,650,720 1,424,425,425 6,475,423 42,580,543 *IC GAYLORD (KIRTLAND) 1,306,858 1,544,458 0 112,000 *IC 69030 JOHANNESBURG/LEWISTON 217,455,352 230,212,641 1,940,917 6,701,500 *IC 69040 VANDERBILT 91,791,208 96,510,248 939,587 1,719,000 *IC 20015 CRAWFORD/AUSABLE 12,997,134 13,664,438 1,300 208,134 *IC TOTALS 1,663,201,272 1,766,357,210 9,357,227 51,321,177 **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 5/1/2024 5/1/2025 Losses Additions 69020 Gaylord Community 1,340,957,578 1,425,969,883 6,475,423 42,692,543 *IC Non-PRE/MBT 729,876,653 776,844,899 2,377,134 26,031,145 *IC 69030 Jo-burg-Lewiston Area 217,455,352 230,212,641 1,940,917 6,701,500 *IC Non-PRE/MBT 113,515,960 120,106,915 1,827,815 4,746,800 *IC 69040 Vanderbilt Area School 91,791,208 96,510,248 939,587 1,719,000 *IC Non-PRE/MBT 36,756,143 39,261,396 82,897 660,200 *IC 20015 Crawford-AuSable 12,997,134 13,664,438 1,300 208,134 *IC Non-PRE/MBT 8,897,926 9,448,454 1,300 204,834 *IC 69 Otsego Cnty Total 1,663,201,272 1,766,357,210 9,357,227 51,321,177 Otsego Cnty Non-PRE Total 889,046,682 945,661,664 4,289,146 31,642,979 *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. Derek Babbitt Derek Babbitt, Director Otsego County Equalization Department