25LINKBUDGET(FULL) - Flipbook - Page 262
CITY OF PLYMOUTH
City of Plymouth
County of Wayne, State of Michigan
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
2023
$947,037,100
6.88%
2022
886,048,000
3.44%
2021
856,621,300
4.22%
2020
821,936,470
6.54%
2019
771,463,800
7.84%
Source: Wayne County Equalization Department and City of Plymouth
Total
Taxable Value
$731,278,070
678,970,091
636,043,215
610,186,131
580,884,898
Percent
Change
7.70%
6.75%
4.24%
5.04%
7.35%
2023
Taxable Value
$707,969,370
23,308,700
$731,278,070
Percent
of Total
96.81%
3.19%
100.00%
2023
State Equalized Value
$923,728,400
23,308,700
$947,037,100
$123,575,258
22,836,093
561,558,019
7,438,600
15,870,100
$731,278,070
16.90%
3.12%
76.79%
1.02%
2.17%
100.00%
Full IFT
Taxable Value
$0
0
0
1,119,600
1,119,600
TAX BASE COMPOSITION:
By Class:
Real Property
Personal Property
TOTAL
By Use:
Commercial
Industrial
Residential
Personal Commercial
Personal/Utility
TOTAL
Source: City of Plymouth
$156,227,700
24,748,600
742,752,100
7,438,600
15,870,100
$947,037,100
Percent
of Total
97.54%
2.46%
100.00%
16.50%
2.61%
78.43%
0.79%
1.68%
100.00%
MAJOR TAXPAYERS:
Taxpayer
DTE Electric Company
Starkweather Development
Consumers Energy
Fuyao Asset Management LLC.
Downtown Plymouth Ventures LLC
Mucci Properties
Paradigm Tax Group
Trinity Health Medical Center
WRE Plymouth Park LLC
Plymouth Court Propco LLC
TOTAL
2023 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
Independent Living
Real Estate
Health Care
Senior Assisted/Independent Living
Nursing Home & Rehab Care
2023
Taxable Value
$10,074,400
5,888,435
5,708,500
4,261,900
3,645,952
2,443,647
2,379,466
2,349,523
2,267,600
1,911,100
$40,930,523
$731,278,070
5.60%
TAX RATES:
City of Plymouth
Allocated Operating
Debt/Street
Refuse
City's Total
Source: City of Plymouth
City of Plymouth Annual Disclosure
2023
10.3410
2.7300
1.8200
14.8910
2022
10.3410
2.9500
1.8200
15.1110
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2021
10.4592
2.7900
1.8200
15.0692
2020
10.5788
3.1100
1.8200
15.5088
2019
10.7291
2.6795
1.8200
15.2286
