2024 L-2793, Residential.pdf
Baker D James, Petitioner V Township Of Thornapple, Respondent · 24-003698-TT
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3. 2021 to 2022 Adjustment Modifier. Divide line 1 by line 2............................................................. 2022 to 2023 Adjustment Modifier 2021 to 2023 Adjustment Modifier 09/05/2023 01:12 PM 2022 7. 2021 to 2023 Adjustment Modifier. Multiply line 3 by line 6........................................................... 6. 2022 to 2023 Adjustment Modifier. Divide line 4 by line 5............................................................. 5. Enter the assessed valuation before adjustment from the 2023 form L-4023 line 03..................... 4. Enter the assessed valuation after adjustment from the 2023 form L-4023 line 05........................ 2. Enter the assessed valuation before adjustment from the 2022 form L-4023 line 03..................... 1. Enter the assessed valuation after adjustment from the 2022 form L-4023 line 05........................ 2023 March Board of Review valuations are compared with sales transacted during April through September of 2023. 2022 March Board of Review valuations are compared with sales transacted during the last nine months of 2022 and those transacted in the first three months of 2023. 2021 March Board of Review valuations are compared with sales transacted during the last three months of 2021 and those transacted in the first three months of 2022. 40.54% 11,469,370 4,529,700 2,838,600 70 39 31 44.72% 42.48% 46.95% 7,935,011 31 70 73 Michigan Department of Treasury L-4017 2793 (Rev. 9-16) 2023 24 Month Sales Ratio Study for determining the 2024 Starting Base Use this form with your assessment/sales ratio study to determine the ratio and true cash value amounts entered on Form L-4018R, Analysis for Equalized Valuation (Form 603). County Name City or Township Name BARRY THORNAPPLE Class of Property (Ag.,Comm.,Res.,etc.) Residential 2021 to 2022 Adjustment Modifier 355,594,500 1. 335,764,282 2. 1.0591 3. 428,096,100 4. 364,108,348 5. 1.1757 6. 1.2452 7. 24 Month Sales Study H. E. F. G. A. B. C. Adjusted % Ratio (col.F/col.G) D. Applicable Adjustment Modifier Adjusted Assessed Value Total Adjusted Prices Number of Sales Sales Period Year of Assessment Total Assessed Value for Sales 2021 4/21 - 9/21 48 4,519,700 11,597,620 48.53% 5,627,930 1.2452 2021 10/21 - 3/22 6,815,100 8,486,163 18,464,746 45.96% 1.2452 12 Month Total Sales 12 Month Total Sales 121 14,114,093 30,062,366 4/22 - 9/22 8,044,600 9,458,036 42.63% 22,183,840 1.1757 2022 10/22 - 3/23 2,838,600 1.1757 42.06% 3,337,342 101 12,795,378 30,118,851 12 Month Total Sales 12 Month Total Sales 222 24 Month Total Sales 26,909,471 60,181,217 24 Month Total Sales *24 Month Mean Adjusted Ratio IMPORTANT: For Sales from April 2021 through March 2022, divide the 12 month total 'Adjusted Assessed Value' by the 'Total Prices for Sales' to get the 12 month 'Adjusted % Ratio'. Repeat this process for sales from April 2022 through March 2023. Finally, sum the two 'Adjusted % Ratios' and divide the result by 2 to get the 'Mean Adjusted Ratio'. The 'Mean Adjusted Ratio' in column H is carried to Form 603 (formerly Form L-4018). 12 Month Sales Study L-4047 E. F. G. A. B. C. Adjusted % Ratio (col.F/col.G) D. Applicable Adjustment Modifier Adjusted Assessed Value Total Adjusted Prices Number of Sales Sales Period Year of Assessment Total Assessed Value for Sales 2022 1.1757 10/22 - 3/23 3,337,342 7,935,011 42.06% 2023 1.0000 4,529,700 39.49% 4/23 - 9/23 12 Month Total Sales 12 Month Total Sales 19,404,381 7,867,042 **12 Month Aggregate Adjusted Ratio IMPORTANT: For Sales from Oct. 2022 through Sept. 2023, divide the 12 month total 'Adjusted Assessed Value' by the 'Total Prices for Sales' to get the '12 Month Aggregate Adjusted % Ratio'. The 'Aggregate Adjusted Ratio' in column H is carried to Form 603 (formerly Form L-4018).