HomeMy WebLinkAboutResolutions - 1982.05.20 - 13820MAY 20, 1982
Miscellaneous Resolution # 32151
By Finance Committee, Dr. G. William Caddell, Chairperson
In re: OPPOSITION TO POSSIBLE STATE EQUALIZATION FACTOR
To the Oakland County Board of Commissioners
Mr. Chairperson, Ladies and Gentlemen;
WHEREAS the Michigan State Tax Commission has made a preliminary recommendation
to impose an increase in State Equalized Valuation upon residential property in Oakland
County from $9.068 billion to $9.619 billion; and
WHEREAS figures, studies, and reports supplied to the Michigan State Tax Commission
reveal a downward trend in housing values in Oakland County; and
WHEREAS the State Tax Commission only recognizes 30-month and 12-month sales
studies of property values as valid criteria for fixing county valuation; and
WHEREAS established procedures of the Michigan State Tax Commission do not provide
for shorter term sales studies which support Oakland County's statistical position with respect to
accurate property values; and
WHEREAS the recommended factor will set property values above the constitutional
limit of 50% of true cash value.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners
go on record in protest of any state imposed equalization factor for residential property or any
other class of property in Oakland County.
BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners will
recommend reducing the county millage rate by an amount commensurate with any state
imposed factor levied against Oakland County.
MR, CHAIRPERSON, on behalf of the Finance Committee, I move the adoption of
the foregoing resolution.
FINANCE COMMITTEE
MAY 20, 1982
Miscellaneous Resolution # 82151
By: Finance Committee, Dr. G. William Caddell, Chairperson
In re: OPPOSITION TO POSSIBLE STATE EQUALIZATION FACTOR
To the Oakland County Board of Commissioners
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS the Michigan State Tax Commission has made a preliminary recommendation
to impose an increase in State Equalized Valuation upon residential property in Oakland
County from $9.068 billion to $9.619 billion; and
WHEREAS figures, studies, and reports supplied to the Michigan State Tax Commission
reveal a downward trend in housing values in Oakland County; and
WHEREAS the State Tax Commission only recognizes 30-month and 12-month sales
studies of property values as valid criteria for fixing county valuation; and
WHEREAS established procedures of the Michigan State Tax Commission do not provide
For shorter term sales studies which support Oakland County's statistical position with respect to
accurate property values; and
WHEREAS the recommended factor will set property values above the constitutional
limit of 50% of true cash value.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners
go on record in protest of any state imposed equalization factor for residential property or any
other class of property in Oakland County.
BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners will
recommend reducing the county millage rate by an amount commensurate with any state
imposed factor levied against Oakland County.
MR. CHAIRPERSON, on behalf of the Finance Committee, I move the adoption of
the foregoing resolution.
FINANCE COMMITTEE
COMMITTEE VOTE:
Ayes: Caddell, Peterson, Page, Perinoff, Pernick, Fortino, Doyon
Nays: Cagney, Gosling, Lanni
Absent: Hobart, Moffitt
Motion carried.
#82151 May 20, 1982
Moved by Caddell supported by Whitlock :the resolution be adopted.
Moved by Lanni supported by Fortino the resolution be referred back to
the Finance Committee.
AYES: Peterson, Whitlock, Wilcox, Caddell, Cagney, Calandro, Fortino, Gabler,
Geary, Gosling, Hobart, Jackson, Kasper, Lanni, McDonald, Montante, Page, Perinoff. (18)
NAYS: Pernick, Aaron, DiGiovanni, Doyon, Moffitt. (5)
PASS: Price, Moore. (2)
A sufficient majority having voted therefor, the motion carried. The
resolution was referred to the Finance Committee