City of Plymouth Proposed 2022-2023 Budget - Flipbook - Page 259
CITY OF PLYMOUTH
City of Plymouth
County of Wayne, State of Michigan
2012 LTGO and Refunding Bonds, dated 4/19/12, orig. amt. $1,935,000, CUSIP # 729671 PP6 to PW1, and PX9
2012 UTGO and Refunding Bonds, dated 4/19/12, orig. amt. $5,920,000, CUSIP # 729671 PB7 to PN1
2015 Capital Improvement Bonds, dated 1/28/15, orig. amt. $3,500,000, CUSIP # 729671 PZ4 to QJ9
2020 Unlimited Tax General Obligation Bonds, dated 4/1/20, orig. amt. $6,140,000, CUSIP # 729671, QK6 to QU4
CUSIP #s: 729671 See above for Issuer & Issue numbers
ANNUAL DISCLOSURE DOCUMENT
(Due by December 31 annually; FYE June 30)
PROPERTY VALUATIONS:
State
Percent
Year
Equalized Value
Change
2021
$856,621,300
4.22%
2020
821,936,470
6.54%
2019
771,463,800
7.84%
2018
715,406,557
3.94%
2017
688,258,105
8.54%
Source: Wayne County Equalization Department and City of Plymouth
Total
Taxable Value
$636,043,215
610,186,131
580,884,898
541,130,230
513,665,461
Percent
Change
4.24%
5.04%
7.35%
5.35%
5.46%
2021
Taxable Value
$612,459,915
23,583,300
$636,043,215
Percent
of Total
96.29%
3.71%
100.00%
2021
State Equalized Value
$833,038,000
23,583,300
$856,621,300
$112,825,140
21,443,020
478,191,755
7,964,100
1,421,000
14,198,200
$636,043,215
17.74%
3.37%
75.18%
1.25%
0.22%
2.23%
100.00%
Full IFT
Taxable Value
$0
1,119,600
1,119,600
1,222,000
1,272,800
TAX BASE COMPOSITION:
By Class:
Real Property
Personal Property
TOTAL
By Use:
Commercial
Industrial
Residential
Personal Commercial
Personal Industrial
Personal/Utility
TOTAL
Source: City of Plymouth
$152,133,600
24,068,500
656,835,900
7,964,100
1,421,000
14,198,200
$856,621,300
Percent
of Total
97.25%
2.75%
100.00%
17.76%
2.81%
76.68%
0.93%
0.17%
1.66%
100.00%
MAJOR TAXPAYERS:
Taxpayer
DTE Electric Company
Starkweather Development
Consumers Energy
Fuyao Asset Management LLC.
Downtown Plymouth Ventures LLC
WRE Plymouth Inn LLC
Paradigm Tax Group
St. Joseph Mercy Health System
Plymouth Court Propco LLC
Junction Plymouth LLC
TOTAL
2021 Taxable Value
Top 10 Taxpayers as a % of Total Taxable Value
Source: City of Plymouth
Product/Service
Electric Utility
Condo Rental
Gas Utility
Glass Manufacturing
Office/Condo/Rental/Residental
Senior Assisted/Independent Living
Cardboard Boxes
Healthcare
Nursing Home and Rehibailitation Care
Healthcare Supplies
2021
Taxable Value
$9,722,700
5,428,881
4,364,100
4,263,200
3,361,410
2,345,800
2,193,765
2,054,794
1,865,100
1,647,345
$37,247,095
$636,043,215
5.86%
TAX RATES:
City of Plymouth
Allocated Operating
Debt/Street
Refuse
City's Total
Source: City of Plymouth
City of Plymouth Annual Disclosure
2021
10.4592
2.7900
1.8200
15.0692
2020
10.5788
3.1100
1.8200
15.5088
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2019
10.7291
2.6795
1.8200
15.2286
2018
10.8782
2.8008
1.8200
15.4990
2017
10.9937
2.8488
1.8200
15.6625
