25 and 26 PPS and 5076.pdf
Randy Ayyar Petitioner V Township Of Waterford Respondent · 26-002464-TT
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Valuation Report DB: Assessing-26 10/05/2026 02:42 PM 103,400 103,400 103,400 103,400 103,400 103,400 2026 Assessed MBOR S.E.V. Capped ->Taxable<- PRE/MBT 5,190 0 0 0 14,870 9,680 2026 New Eq. Adjustment Loss Additions Tax Adjustment Losses 98,210 98,210 98,210 98,210 2.70 2025 Assessed MBOR S.E.V. Base for Cap IRM Est. TCV/Total Floor Area = 0.00 2026 Est. T.C.V. W -99-12-000-340 = 206,798 Total Cost New= 386,028 TCV= 206,798 Assessed Value= 103,400 Solar Energy 0 100 0 15 & 16. Cable, Utility & Cellular Assets 0 TBL 0 14. Construction in Progress 0 50 0 13. Idle Equipment 0 TBL 0 Section O. Rental Information 0 100 0 Section N. Buildings on Leased Land 0 TBL 0 Section M. Leasehold Improvements 107,760 TBL 29,095 Section I. Qualified Personal Property 0 100 0 Section H. Assessable Tools 0 100 0 Section G. Other Assessable Personal Property 0 100 0 Pages 3 to 4. Other Personal Property Claimed Value Depr Depr.Value TCV-> 29,095 Total 107,760 Prior 2015 107,760*27% During Improvements Bought Leasehold TCV-> 12,989 160,683 Total 18,825 246,847 Prior 2016 TCV-> 4,031 2017 Total 12,596 2021 37,821*54% 2021 2022 80,104*60% 2022 2023 18,825*69% 64,249*67% 2023 12,596*32% 2024 64,673*76% 2024 During & Fixtures & Equipment During Equipment Bought Furniture Machinery Bought Computer << 2026 Statement (Current Year Statement) >> Map #: POST Township of Waterford WATERFORD, MI 48328 Property Class: 251 4399 HIGHLAND RD W -99-12-000-340 2026 Est. T.C.V. WATERFORD DONUTS INC.
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Assessor's Copy This form must be completed and returned to the assessor b! February 20, 2025. Michigan Department of Treasury RoE under huthority of Public Act 206 of 1893, So 1200 u under authority of Public [¢] =] 2- = Approved by the Stat Tax Commission August 20, 2024. 99-12-000-340 L-4175 2025 Personal Property Statement (As of 12-31 -24) Location(s) of Personal Property Reported on This Statement. FROM: (Nam& and Address of Assessor) LIST ALL LOCATIONS. Attach additional sheets if necessary. Waterford Twp. Assessor's Office aril = Date of Organization [Date Business Began at Square Feet 5200 Civic Center Drive above location Occupied Waterford, MI 48329 SHAS Em Assumed Names Used by Legal Entity, if any IP OF WATERFORD Names of Owner(s) or Partners TO: (Name and Address of Taxpayer) < (If sole proprietorship or partnership) DUNKIN DONUTS FEB 07 205 4399 HIGHLAND ROAD If Sole Proprietorship, Taxpayer's Residential Address WATERFORD, MI 48329 Legal Name of Taxpayer Le WATERFORD DONUTS INC. Preparer's Name, Address and Telephone Number and E-mail address | Check One Only: Address Where Personal Property Records are Kept HOLLANDER, ELLISON & ASSOCIATES., P.C. O Sole Proprietorship 6960 ORCHARD LAKE ROAD, WEST BLOOMFIELD, MI 4 6960 ORCHARD LAKE RD., SUITE 235 [| Partnership Name of Person in Charge of Records | Taxpayer Telephone No. WEST BLOOMFIELD, MI 48322 Phone: (248)626-1000 [| Limited Liability Co. TERRY ELLISON CPA (248)417-2529 Corporation Description of Taxpayer's Business Activity and NAICS Code Mi ID# COFFEE AND DONUTS RETAIL NOTICE: DO NOT USE THIS FORM TO CLAIM AN EXEMPTION OF ELIGIBLE MANUFACTURING PERSONAL PROPERTY (EMPP) PURSUANT TO MCL 211.9m AND MCL 211.9n. To claim an exemption for EMPP, file Form 5278 with the local assessor where the personal property is located no later than February 20, 2025. Leasing companies are not eligible to file Form 5278 and must complete this form. Pursuant to MCL 211.90, if the true cash value of the assessable personal property you or a related party own, lease or possess in this local assessing unit is less than $80,000, then you do not need to file this form if the property is classified as commercial or industrial personal property and you timely claim the exemption. Instead, file Form 5076 with the local unit where the property is located no later than February 20, 2025. See the instructions on Page 6. SUMMARY AND CERTIFICATION. Complete ALL questions. If Yes, state total original cost Have you excluded any exempt "Special Tools" from this statement? ................cco...... [1 Yes NO oven. excluded 2. Have you excluded any air and water pollution control facilities and/or wind or water - a | energy conversion devices for which an exemption certificate has been issued? — ...... [Jes No ones. If Yes, attach itemized list. 3. Have you, to the best of your knowledge, reported all of your assessable tangible personal property located in Michigan including fully depreciated and/or expensed assets, to the appropriate assessment jurisdiction? ...........cccccoeereereiereenrenissneeee. 1X] Yes | [NO If No, attach explanation. 4. Did you hold a legal or equitable interest in personal property assessable in this jurisdiction which you have not reported on this statement (see instructions)? .......... | [Yes [X|NoO ....... If Yes, attach itemized list. 5. Are you a party (as either a landlord or a tenant) to a rental or lease agreement relating to real property in this jurisdiction? ................. . If Yes, complete Section O. 6. Have any of your assets been subjected to "rebooking" of costs for accounting purposes or been purchased used (see instructions)? ...........ccccooeeiiiniccniecicc ma If Yes, attach itemized list. 7. ls any of your property "daily rental property," per P.A. 537 of 1998? .......ccccccceceeeeee. [| Yes [X] No ......... If yes, attach Form 3595. 8. Are other businesses operated at your location(s)? .........cccccoceceivieniccciiieicccieeeee. || Yes [|X| NO If Yes, attach itemized list. Enter zero if appropriate. Assessor Calculations 9; ‘Grand totalifrom pages? sus cman 9a. 250,627 9b. 10./Grand total fiom Page’3 susnsssmsmmmsssmimssssissssensassismsveressasssssssmesssse 10a. 0 10b. 11. Grand total from pages 4-5 11a. 107,760 11b. 12. Total cost of Idle Equipment from Form 2698 12a. 12b. 13. Total cost of Personal Property Construction in Progress .......................... 13a. X.50 13b. 14. Total Cost of Cable TV, Utility, Wind and Solar Energy Assets 14a. 14b. from Forms 633, 3589, 4565, and 5762 15. Total cost of cellular site equipment from Form(s) 4452 . . |15a. 15b. TOTAL ....... 358,387 The undersigned certifies that he/she is an owner, officer and/or the duly authorized ASSESSOR'S ADJUSTMENT(S) ------- agent for the above named taxpayer and that the above summary, with its supporting EXEMPTION(S) documents, provides a full and true statement of all tangible personal property owned or held by the taxpayer at the locations listed above on December 31, 2024. TRUE CASH VALUE Signature of ASSESSED VALUE (50% of TCV) ....... 0313 \ of ye Z 4-25
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632, Page 2 Assessor's Copy INSTRUCTIONS. Read carefully to obtain directions for the allocation of your personal property to Sections A - N. All Tangible Personal Property in your possession at this location, including fully depreciated and expensed assets, must be reported in one of the Sections A through N. If you had "Move-Ins" of used property, you must also complete Form 3966, 2025 Taxpayer Report of Personal Property “Move-Ins" Occurring During 2024. "Move-Ins" are items of assessable personal property (hereafter referred to as “property”) that were not assessed in this city or township in 2024, including (1) purchases of used property, (2) used property you moved in from a location outside this city or township, (3) property that was exempt in 2024 (such as exempt Industrial Facilities Tax property), and (4) property that you mistakenly omitted from your statement in 2024. "Move-Ins" DO NOT include property that has been moved from another location WITHIN this city or township or that was assessed to another taxpayer within this city or township in 2024 (i.e., property reported by a previous owner or previously leased property reported by the lessor in 2024). All "Move-Ins" must be reported on this page 2 and on Form 3966. Do not report 2024 acquisitions of new property on Form 3966. Did you have "move-ins"? [J Yes No SECTION A: Assessor [SECTION D:Including Office, Electronic, Assessor Including Furniture and Fixtures Calculations Video and Testing Equipment Calculations 2024 91 2024 .84 2023 18,825| .80 2023 64 2022 .69 2022 .55 2021 61 2021 49 2020 .53 2020 44 2019 47 2019 41 2018 42 2018 38 2017 37 2017 .35 2016 .33 2016 33 2015 .29 2015 31 2014 27 2014 .29 2013 24 2013 28 2012 22 2012 .26 2011 19 2011 25 2010 12 2010 7 Prior 12 Prior 17 [TOTALS | A1 18,825 A2 [TOTALS | D1 D2 Including Machinery and Equipment Ce SECTION E: Including Consumer Assessor 2024 89 Coin Operated Equipment Calculations 2023 78.188 | 76 2024 92 2022 80,104 | .67 2023 85 2021 37.821] 60 2022 7 2020 54 2021 69 2019 49 2020 .61 2018 45 2019 54 2017 2 2018 46 2016 23,093 | 38 2017 38 2015 En 2016 .30 2014 33 2015 23 2013 31 2014 15 2012 29 Prior 15 2011 28 [TOTALS | E1 E2 2010 .23 - Prior .23 Deion Qamputer Equipment chsessar [TOTALS | B1 219,206 B2 2024 .60 SECTION C: Assessor 2023 12,596] .44 Including Rental Videotapes and Games Calculations 2022 32 2024 76 2021 24 2023 53 2020 19 2022 29 2019 15 2021 .05 2018 08 Prior .05 Prior .08 TOTALS | C1 C2 TOTALS | F1 12,596 F2 COST GRAND TOTAL (for page 2) TRUE CASH VALUE GRAND TOTAL (for page 2) TAXPAYER: Add totals from cost columns ASSESSOR: Add True Cash Value totals of Sections A-F (A1-F1). Enter grand total from Sections A-F (A2-F2). Enter grand here and carry to line 9a, page 1. $ 250,627 total here and carry to line 9b, page 1. $ 0313
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632, Page 3 Parcel No. 99-12-000-340 SECTION G - Other Assessable Personal Property Which You Own Assessable Tangible Personal Property in your possession that is not entitled to depreciation under Generally Accepted Accounting Principals (GAAP) (e.g.fine art) or that the assessor has told you to report in this Section or that is otherwise described in the instructions should be reported under this section. Any Personal Property reported in this Section should NOT be reported elsewhere on Form L-4175. See instructions. Attach additional sheets, if necessary. Assessor's Copy L-4175 Description of Property Acquisition ~~ [ Acquisition} True Cash Value Cost New ear | Ass 2 i Total Acquisition Cost New G1 G2 SECTION H - Standard Tooling You must report your standard tooling in this Section. Complete both Acquisition Acquisition Net CAP le columns. Notice that GAAP net book value, as reported in this Section, 2004 os Hew must implement accounting "changes in estimate", even if not otherwise material. Any Personal Property reported in this Section should NOT be 2023 reported elsewhere on Form 632 (L-4175). See Instructions. 2022 Prior Total Acquisition Cost H1 H2 SECTION | - Qualified Personal Property INCLUDE ONLY "Qualified Personal Property" as defined by Michigan Compiled Laws 211.8a(6)(c). See instructions. If necessary, attach extra schedules using the same format indicated below. Any Personal Property reported in this Section should NOT be reported elsewhere on Form 632 (L-4175). Owner Name and Description of Equipment an Complete Mailing Address and Model or Serial Number Original Cost Installed Date of Installation Lease Term in Months Year of Total Average Manufacture Monthly Rental 0 | Tov pg Sompie=d B Total Installed Cost | |4 SECTION J - Leased Property in Your Possession Which is not Qualified Personal Property Property you are leasing from another person or entity should be reported under this section. "Qualified" Personal Property should be reported under Section |. See instructions. Attach additional sheets if necessary. Any Personal Property reported in this section should NOT be reported elsewhere on Form 632 (L-4175). SECTION K - Other Personal Property in Your Possession Which You Do Not Own Property not owned by you but in your possession on December 31, 2024 under arrangements other than a lease agreement should be be reported under this section. See instructions. Any Personal Property reported in this section should NOT be reported elsewhere on Form 632 (L-4175). Attach additional sheets if necessary. iti i Lease Term| Month 1st Year Selling Price New Lease No. Name & Address of Lessor Description of Equipment (in Months) Rental in Service| (estimate, f necessary) Total Selling Price New |J1 Name & Address of Owner Description of Equipment Age (estimate if necessary) Selling Price New (estimate, if necessary) COST GRAND TOTAL (for page 3) TAXPAYER: Add Total costs and Selling Prices from Sections G - K Total Selling Price New K1 TRUE CASH VALUE GRAND TOTAL (for page 3) ASSESSOR: (G1-K1). Enter grand total here and carry to line 10a, page 1. 0313 Add True Cash Value totals from Sections G-I (G2-12). Enter grand total here and carry to line 10b, page 1.
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632, Page 4 Assessor's Copy SECTION L - Detail of Leases (This Section is Completed by Leasing Companies) Equipment that you lease to others should be reported under this Section. Note: You must also complete Sections A -F on Page 2. See instructions. You may use attachments in lieu of completing this Section only if the attachments use the same format and contain all the information as indicated below, and the Tables on Page 2 are completed. If you are leasing Eligible Manufacturing Personal Property (EMPP) to another company, you must report it in this section unless an election has been made, using Form 5467, that it be reported on the lessee’s Form 5278. See the detailed notice at the beginning of the Instructions, at the top of the first column, Page 6. Attach additional sheets, if necessary. Are you a manufacturer of equipment? Od Yes Od No Location of Type of Lease Month 1st Year Manufacturer, Original Lease No. Name & Address of Lessee Equipment Equipment Period (mo.) Rental in Service "ost Selling Price Total Original Selling Price SECTION M - Leasehold Improvements All Leasehold Improvements (LHI) made at your place of business should be reported under this Section, even if you believe that the improvements are not subject to assessment as Personal Property. Report trade fixtures, foundation costs and equipment installation costs, including wiring and utility connections, in the appropriate Section A through F, on Page 2, not as LHI. See instructions. To prevent a duplicate assessment, provide as much detail as possible. You may attach additional explanations and/or copies of "fixed asset" records, if the attachment provides all of the information requested below and if you insert the total original cost in "Total Cost Incurred" below. Personal Property reported here should NOT be reported elsewhere on Form 632 (L-4175). Assessor: Do NOT assess 2016 or later installations as personal property except where the lease is pre-1984. NOTICE: The State Tax Commission has directed that all leasehold improvement installations in 2016 or later must be valued as improvements to the leased real property. Report all 2016-2024 leasehold improvements in the section immediately below. i. Lo . Lo STC True Cash Value Year Installed Description (Describe in detail) Original Cost Multiplier Assessor's Calculation 2024 2023 2022 2021 2020 2019 2018 2017 2016 Prior See Attached Document SECTION N - Buildings and Other Structures on Leased or Public Land and All Freestanding Signs and Billboards Costs of Freestanding Communications Towers and Equipment Buildings at Tower sites (unless reported on Form 4452), and Costs of Freestanding Signs and Billboards must also be reported under this Section. Any Personal Property reported in this section should NOT be reported elsewhere on Form 632 (L-4175). Attach additional sheets, if necessary. O Check this box if you believe that these structures are already assessed as part of the real property. : Fo Year Originally Total Capitalized True Cash Value, * Address or Location of Building Bon Cost Assessor's Calculation Total Capitalized Cost | N1 N2 0313
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632, Page 5 Assessor's Copy SECTION O - Rental Information. See Instructions. (Attach additional sheets, if necessary) IF YOU ARE THE TENANT Name and address of landlord Is your landlord the owner of the property? [I] Yes ] No If you are a sublessee, enter the name and address of the owner of the property IF YOU ARE THE LANDLORD Name and address of Tenant Are you the owner of the property? [I] Yes [I] No If youare a sublessor, enter the name and address of the owner of the property TO BE COMPLETED REGARDLESS OF WHETHER YOU ARE THE LANDLORD OR TENANT Address of property rented or leased Date that current rental arrangement began: . Square feet occupied: Monthly rental $ Date current lease expires: . Are there options to renew the lease? [I Yes No Expenses (e.g. taxes, electric, gas, etc.) paid by the tenant Assessor Value 02 COST GRAND TOTAL (for page 4) TAXPAYER: Add Total Cost Incurred from TRUE CASH VALUE GRAND TOTAL (for page 4) Section M and Total Capitalized Cost from ASSESSOR:Add True Cash Value totals Section N (M1 and N1). Enter grand total $ 107.760 from Sections M-O (M2-O2). Enter grand here and carry to line 11a, page 1. ! total here and carry to line 11b, page 1. $ * NOTE TO ASSESSOR: Certain buildings and structures on leased land (but not including freestanding signs and billboards) must be assessed on the real property roll. See Bulletin 1 of 2003. 0313
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Section M - Leasehold Improvements Assessor's Copy 0313 Lo STC I Year Installed Description (Describe in detail) Original Cost Multiplier Aseoscors Calculation 2015 [ VARIOUS IMPROVEMENT 107,760) 107,760 Total Cost Incurred | M-1 M-2
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Michigan Department of Treasury Parcel Number 5076 (Rev. 09-24) 99-12-000-340 Small Business Property Tax Exemption Claim Under MCL 211.90 This form is to be filed with the local unit (City or Township) where the personal property is located. Please contact the local unit where the personal property is located for their mailing address. This form IS NOT to be mailed to the Michigan Department of Treasury or Michigan State Tax Commission. This form must be filed no later than February 20, 2025 (postmark is acceptable). Late filed forms may be filed directly with the 2025 March Board of Review prior to the closure of the March Board. This form must be filled out in it's entirety. Failure to fill out the form completely can be cause for denial of the exemption. Taxpayers should pay particular attention to including contact information, including phone number and email address. General Information Business Name WATERFORD DONUTS INC. Name and Mailing Address of Owner(s) or Partners (if sole proprietorship or partnership) - attach a separate sheet if necessary RANDY AYYAR FEB 07 2025 4399 HIGHLAND ROAD I WATERFORD, MI 48329 rd VED Name of Local Unit of Government County Where the Property is Located City: Township: Waterford Twp. Village: Oakland Parcel Number Assumed Name(s) Used by Legal Entity (if any) Owner Telephone Number 99-12-000-340 (248) 417-2529 Date Business Began in Local Tax Collecting Unit Description of Owner's Business Activity 5/11/2011 COFFEE AND DONUTS RETAIL Name, Telephone Number and Email Address of the Person in Charge of Personal Property Records Address where Personal Property Records are Kept TERRY ELLISON CPA (248) 626-1000 6960 ORCHARD LAKE ROAD, WEST BLOOMFIELD, MI 48322 Names of all other businesses having personal property, including any leasehold improvements assessed as personal property at the location(s) included in this form. (Attach additional sheets as necessary.) N/A List all addresses where any personal property owned by leased to or in the possession of the owner listed above or a related entity is located within the local tax collecting unit. (Attach additional sheets as necessary.) Value of Personal Property ] The True Cash Value of all Personal Property, as defined by MCL 211.90, located within the local tax collecting unit indicated above, that is owned by, leased to, or in the possession of the owner or related entity, was less than $80,000 on December 31, 2024. (Enter value at right.) Value of Personal Property The True Cash Value of all Personal Property, as defined by MCL 211.90, located within the local tax collecting unit indicated above, that is owned by, leased to, or in the possession of the owner or related entity, was equal to or greater than $80,000 and less than $180,000 on December 31, 2024. (If checked, 165,163 attach a copy of Form 632, “2025 Personal Property Statement,” to this form. Enter value at right.) Value of Personal Property The undersigned certifies that: 1. Iam the owner of the commercial personal property and/or industrial personal property being claimed as exempt or | am the duly authorized agent. 2. The following procedures were used to determine that the True Cash Value of the Eligible Personal Property on December 31, 2024: a) The determination of True Cash Value was based on the State Tax Commission's recommended valuation procedures as set forth on Form 632 (L-4175), “Personal Property Statement.” b) The determination of True Cash Value includes all assessable personal property, located within the city or township listed on this form that is owned by, leased to, or in the possession of the owner or related entity. This shall include all trade fixtures and may include leasehold improvements not assessed as real property. Attach an explanation if not all personal property is included. 3. lunderstand that according to MCL 211.90, | am required to maintain and provide access to books and records for audit purposes as provided in section 22. 4. All of the information contained within Form 5076 is true and accurate and to the best of my knowledge and belief, and | acknowledge a fraudulent claim for exemption under MCL 211.90 is subject to the penalties as provided for in section 21(2). Printed Name ~ ~ 7] Title, 7 RANDY AYYAR 1 =n CU shrésident Signature [I= LOCAL UNIT USE ONLY 4%) Ww 5) Date Received 0313 Wn me 47
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‘Michigan Department of Treasury P I N 5076 (Rev. 07-25) arcel Number G6.12-000:340 2026 Small Business Property Tax Exemption Claim Under MCL 211.90 This form is to be filed with the local unit (City or Township) where the personal property is located. Please contact the local unit where the personal property is located for their mailing address. This form IS NOT to be mailed to the Michigan Department of Treasury or Michigan State Tax Commission. This form must be filed no later than February 20, 2026 (postmark is acceptable). Late filed forms may be filed directly with the 2026 March Board of Review prior to the closure of the March Board. This form must be iilled out in it's entirety. Failure to fill out the form completely can be cause for denial of the exemption. Taxpayers should pay particular attention to including contact information, including phone number and email address. General Information WAT =~ Business Name ” =AFORp Tow, WATERFORD DONUTS INC. Cr D Name and Mailing Address of Owner(s) or Partners (if sole proprietorship or partnership) - attach a separate sheet if necessary” 0 [Nj 202 RANDY AYYAR 4399 HIGHLAND ROAD ECE IVE D F| WATERFORD, MI 48329 We Name of Local Unit of Government County Where the Property is Located City: Township: Waterford Twp. Village: Oakland Parcel Number Assumed Name(s) Used by Legal Entity (if any) Owner Telephone Number 99-12-000-340 (248) 417-2529 Date Business Began in Local Tax Collecting Unit Description of Owner's Business Activity 5/11/2011 COFFEE AND DONUTS RETAIL Name, Telephone Number and Email Address of the Person in Charge of Personal Property Records Address where Personal Property Records are Kept TERRY ELLISON CPA (248) 626-1000 6960 ORCHARD LAKE ROAD, WEST BLOOMFIELD, MI 48322 Names of all other businesses having personal property, including any leasehold improvements assessed as personal property at the location(s) included in this form. (Attach additional sheets as necessary.) N/A List all addresses where any personal property owned by leased to or in the possession of the owner listed above or a related entity is located within the local tax collecting unit. (Attach additional sheets as necessary.) Value of Personal Property ] The True Cash Value of all Personal Property, as defined by MCL 211.90, located within the local tax collecting unit indicated above, that is owned by, leased to, or in the possession of the owner or related entity, was less than $80,000 on December 31, 2025. (Enter value at right.) Value of Personal Property [x] The True Cash Value of all Personal Property, as defined by MCL 211.90, located within the local tax Value of Personal Property collecting unit indicated above, that is owned by, leased to, or in the possession of the owner or related entity, was equal to or greater than $80,000 and less than $180,000 on December 31, 2025. (If checked, 177,703 attach a copy of Form 632, “2026 Personal Property Statement,” to this form. Enter value at right.) The undersigned certifies that: 1. 1am the owner of the commercial personal property and/or industrial personal property being claimed as exempt or | am the duly authorized agent. 2. The following procedures were used to determine that the True Cash Value of the Eligible Personal Property on December 31, 2025: a) The determination of True Cash Value was based on the State Tax Commission's recommended valuation procedures as set forth on Form 632 (L-4175), “Personal Property Statement.” b) The determination of True Cash Value includes all assessable personal property, located within the city or township listed on this form that is owned by, leased to, or in the possession of the owner or related entity. This shall include all trade fixtures and may include leasehold improvements not assessed as real property. Attach an explanation if not all personal property is included. 3. | understand that according to MCL 211.90, | am required to maintain and provide access to books and records for audit purposes as provided in section 22. 4. All of the information contained within Form 5076 is true and accurate and to the best of my knowledge and belief, and | acknowledge a fraudulent claim for exemption under MCL 211.90 is subject to the penalties as provided for in section 21(2). Printed Name Title RANDY AYYAR President 2 Signature 4 — 0313 LOCAL UNIT USE ONLY Date Received
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Lo Assessor's Coj Michigan Department of Treasury This form must be completed PY 632 (Rev. 07-25) ) Parcel No. and returned to the assessor b: Issued under authority of Public Act 206 of 1893. -12-000- Approved by the State Tax Commission August 19, 2025. 99-12-000-340 February rar 2026 Personal Property Statement (As of 12-31 -25) Location(s) of Personal Property Reported on This Statement. FROM: (Name and Address of Assessor) LIST ALL LOCATIONS. Attach additional sheets if necessary. Waterford Twp. WATE, Assessor's Office RF ORD Towng Tr : Date of Organization [Date Business Began at Square Feet 5200 Civic Center Drive FER 10 Hip above location Occupied Waterford, MI 48329 22 5/11/11 5/11/11 E Assumed Names Used by Legal Entity, if any ASSESS om, I VE D S OFFg; Names of Owner(s) or Partners TO: (Name and Address of Taxpayer) 5 (If sole proprietorship or partnership) DUNKIN DONUTS 4399 HIGHLAND ROAD If Sole Proprietorship, Taxpayer's Residential Address WATERFORD, MI 48329 Legal Name of Taxpayer WATERFORD DONUTS INC. Preparer's Name, Address and Telephone Number and E-mail address | Check One Only: Address Where Personal Property Records are Kept HOLLANDER, ELLISON & ASSOCIATES., P.C. O Sole Proprietorship 6960 ORCHARD LAKE ROAD, WEST BLOOMFIELD, MI « 6960 ORCHARD LAKE RD., SUITE 235 ™ Partnership Name of Person in Charge of Records | Taxpayer Telephone No. WEST BLOOMFIELD, MI 48322 Phone: (248)626-1000 [] imited Liability Co. ~~ | TERRY ELLISON CPA (248)417-2529 x] Corporation Description of Taxpayer's Business Activity and NAICS Code Mi ID# COFFEE AND DONUTS RETAIL NOTICE: DO NOT USE THIS FORM TO CLAIM AN EXEMPTION OF ELIGIBLE MANUFACTURING PERSONAL PROPERTY (EMPP) PURSUANT TO MCL 211.9m AND MCL 211.9n. To claim an exemption for EMPP, file Form 5278 with the local assessor where the personal property is located no later than February 20, 2026. Leasing companies are not eligible to file Form 5278 and must complete this form. Pursuant to MCL 211.90, if the true cash value of the assessable personal property you or a related party own, lease or possess in this local assessing unit is less than $80,000, then you do not need to file this form if the property is classified as commercial or industrial personal property and you timely claim the exemption. Instead, file Form 5076 with the local unit where the property is located no later than February 20, 2026. See the instructions on Page 6. SUMMARY AND CERTIFICATION. Complete ALL questions. If Yes, state total original cost 1. Have you excluded any exempt "Special Tools" from this statement? ...........ccee. |_| Yes [X[ No oo. excluded 2. Have you excluded any air and water pollution control facilities and/or wind or water _ . energy conversion devices for which an exemption certificate has been issued? — ...... [dyes XINo oo If Yes, attach itemized list. 3. Have you, to the best of your knowledge, reported all of your assessable tangible personal property located in Michigan including fully depreciated and/or expensed assets, to the appropriate assessment jurisdiction? ....ccocovrieinicinicisiece. [A] YES | | NO If No, attach explanation. 4. Did you hold a legal or equitable interest in personal property assessable in this jurisdiction which you have not reported on this statement (see instructions)? ™ Yes If Yes, attach itemized list. 5. Are you a party (as either a landlord or a tenant) to a rental or lease agreement relating to real property in this JUrisAiCtioN? .........c.coiiiiiiiii (] Yes If Yes, complete Section O. 6. Have any of your assets been subjected to "rebooking" of costs for accounting purposes or been purchased used (see instructions)? ccc [| Yes If Yes, attach itemized list. 7. Is any of your property "daily rental property,” per P.A. 537 of 19987 .........cccoovviii ™ Yes If yes, attach Form 3595. 8. Are other businesses operated at your 10Cation(S)? ........ccoermiiiiieiii | Yes If Yes, attach itemized list. Enter zero if appropriate. Assessor Calculations 9. Grand total from page 2 . 9a. 278,268 9b. 10. Grand total from page 3 . 10a. 0 10b. 11. Grand total from pages 4-5 11a. 0 11b. 12. Total cost of Idle Equipment from Form 2698..........coooviiiniiniins 12a. 12b. 13. Total cost of Personal Property Construction in Progress ...............ccc.c... 13a. X.50 13b. 14. Total Cost of Cable TV, Utility, Wind and Solar Energy Assets 14a. 14b. from Forms 633, 3589, 4565, and 5762 .. 15. Total cost of cellular site equipment from Form(s) 4452 15a. 15b. TOTAL 278,268 The undersigned certifies that he/she is an owner, officer and/or the duly authorized ASSESSOR'S ADJUSTMENT(S) agent for the above named taxpayer and that the above summary, with its supporting EXEMPTION(S) documents, provides a full and true statement of all tangible personal property owned or held by the taxpayer e locations listed above on December 31, 2025. TRUE CASH VALUE Signature of Certifier Date ASSESSED VALUE (50% of TCV) 2-9-2256 0313
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632, Page 2 Assessor's Copy INSTRUCTIONS. Read carefully to obtain directions for the allocation of your personal property to Sections A - N. All Tangible Personal Property in your possession at this location, including fully depreciated and expensed assets, must be reported in one of the Sections A through N. If you had "Move-Ins" of used property, you must also complete Form 3966, 2026 Taxpayer Report of Personal Property “Move-Ins” Occurring During 2025. "Move-Ins" are items of assessable personal property (hereafter referred to as "property") that were not assessed in this city or township in 2025, including (1) purchases of used property, (2) used property you moved in from a location outside this city or township, (3) property that was exempt in 2025 (such as exempt Industrial Facilities Tax property), and (4) property that you mistakenly omitted from your statement in 2025. "Move-Ins" DO NOT include property that has been moved from another location WITHIN this city or township or that was assessed to another taxpayer within this city or township in 2025 (i.e., property reported by a previous owner or previously leased property reported by the lessor in 2025). All "Move-Ins" must be reported on this page 2 and on Form 3966. Do not report 2025 acquisitions of new property on Form 3966. Did you have "move-ins"? [J Yes No SECTION A: Assessor [SECTION D:Including Office, Electronic, Assessor Including Furniture and Fixtures Calculations Video and Testing Equipment Calculations 2025 91 2025 .84 2024 .80 2024 .64 2023 18,825] .69 2023 55 2022 61 2022 49 2021 .53 2021 44 2020 47 2020 41 2019 42 2019 .38 2018 37 2018 .35 2017 33 2017 33 2016 29 2016 31 2015 27 2015 29 2014 24 2014 .28 2013 22 2013 26 2012 19 2012 25 2011 12 2011 17 Prior 12 Prior 17 TOTALS | At 18,825 A2 TOTALS | D1 D2 SECTION B: Assessor - Including Machinery and Equipment Calculations SECTION E: Including Consumer Assessor 2025 89 Coin Operated Equipment Calculations 2024 64,673 | 76 2025 92 2023 64,249 | 67 2024 85 2022 80.104 | 60 2023 77 2021 37.821 | 54 2022 69 2020 49 2021 61 2019 45 2020 54 2018 42 2019 46 2017 38 2018 .38 2016 36 2017 .30 2015 33 2016 .23 2014 31 2018 15 2013 29 Prior 15 2012 28 TOTALS | E1 E2 2011 23 SECTION F: Assessor Prior 23 Including Computer Equipment Calculations TOTALS | B1 246,847 B2 2025 .60 SECTION C: Assessor 2024 44 Including Rental Videotapes and Games Calculations 2023 12,596] .32 2025 76 2022 24 2024 53 2021 19 2023 29 2020 15 2022 .05 2019 08 Prior 05 Prior .08 TOTALS | C1 C2 [TOTALS | F1 12,596 F2 COST GRAND TOTAL (for page 2) TRUE CASH VALUE GRAND TOTAL (for page 2) TAXPAYER: Add totals from cost columns ASSESSOR: Add True Cash Value totals of Sections A-F (A1-F1). Enter grand total from Sections A-F (A2-F2). Enter grand here and carry to line 9a, page 1. $ 278,268 total here and carry to line 9b, page 1. $ 0313
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632, Page 3 Parcel No. 99-12-000-340 SECTION G - Other Assessable Personal Property Which You Own Assessable Tangible Personal Property in your possession that is not entitled to depreciation under Generally Accepted Accounting Principals (GAAP) (e.g.fine art) or that the assessor has told you to report in this Section or that is otherwise described in the instructions should be reported under this section. Any Personal Property reported in this Section should NOT be reported elsewhere on Form L-4175. See instructions. Attach additional sheets, if necessary. Assessor's Copy L-4175 Description of Property Acquisition | Acquisitior§ True Cash Value Cost New ear Assessor's Calculation Total Acquisition Cost New G1 G2 SECTION H - Standard Tooling You must report your standard tooling in this Section. Complete both Acquisition Acquisition GAAP . . . . Year Cost New Net Book Value columns. Notice that GAAP net book value, as reported in this Section, 2025 must implement accounting "changes in estimate", even if not otherwise material. Any Personal Property reported in this Section should NOT be 2024 reported elsewhere on Form 632 (L-4175). See Instructions. 2023 Prior Total Acquisition Cost H1 H2 SECTION I - Qualified Personal Property INCLUDE ONLY "Qualified Personal Property" as defined by Michigan Compiled Laws 211.8a(6)(c). See instructions. If necessary, attach extra schedules using the same format indicated below. Any Personal Property reported in this Section should NOT be reported elsewhere on Form 632 (L-4175). Owner Name and Description of Equipment an Complete Mailing Address and Model or Serial Number Original Cost Installed Lease Term in Months Date of Installation Manufacture Year of Total Average Monthly Rental % 3 TCV to be Completed i Reseeshr Total Installed Cost 1 SECTION J - Leased Property in Your Possession Which is not Qualified Personal Property Property you are leasing from another person or entity should be reported under this section. "Qualified" Personal Property should be reported under Section |. See instructions. Attach additional sheets if necessary. Any Personal Property reported in this section should NOT be reported elsewhere on Form 632 (L-4175). Lease No. Name & Address of Lessor Description of Equipment Lease Term (in Months) 1st Year Monthly in Service Rental Selling Price New (estimate, if necessary) Total Selling Price New SECTION K - Other Personal Property in Your Possession Which You Do Not Own Property not owned by you but in your possession on December 31, 2025 under arrangements other than a lease agreement should be be reported under this section. See instructions. Any Personal Property reported in this section should NOT be reported elsewhere on Form 632 (L-4175). Attach additional sheets if necessary. J1 Name & Address of Owner Description of Equipment Age (estimate if necessary) Selling Price New (estimate, if necessary) COST GRAND TOTAL (for page 3) TAXPAYER: Add Total costs and Selling Prices from Sections G - K (G1-K1). Enter grand total here and carry to line 10a, page 1. 0313 Total Selling Price New K1 TRUE CASH VALUE GRAND TOTAL (for page 3) ASSESSOR: Add True Cash Value totals from Sections G-I (G2-12). Enter grand total here and carry to line 10b, page 1.
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632, Page 4 Assessor's Copy SECTION L - Detail of Leases (This Section is Completed by Leasing Companies) Equipment that you lease to others should be reported under this Section. Note: You must also complete Sections A -F on Page 2. See instructions. You may use attachments in lieu of completing this Section only if the attachments use the same format and contain all the information as indicated below, and the Tables on Page 2 are completed. If you are leasing Eligible Manufacturing Personal Property (EMPP) to another company, you must report it in this section unless an election has been made, using Form 5467, that it be reported on the lessee's Form 5278. See the detailed notice at the beginning of the Instructions, at the top of the first column, Page 6. Attach additional sheets, if necessary. Are you a manufacturer of equipment? O Yes O No Location of Type of Lease Monthly 1st Year Manufacturer Original Equipment Equipment Period (mo.) Rental in Service Cost Selling Price Total Original Selling Price SECTION M - Leasehold Improvements All Leasehold Improvements (LHI) made at your place of business should be reported under this Section, even if you believe that the improvements are not subject to assessment as Personal Property. Report trade fixtures, foundation costs and equipment installation costs, including wiring and utility connections, in the appropriate Section A through F, on Page 2, not as LHI. See instructions. To prevent a duplicate assessment, provide as much detail as possible. You may attach additional explanations and/or copies of "fixed asset" records, if the attachment provides all of the information requested below and if you insert the total original cost in "Total Cost Incurred" below. Personal Property reported here should NOT be reported elsewhere on Form 632 (L-4175). Assessor: Do NOT assess 2016 or later installations as personal property except where the lease is pre-1984. Lease No. Name & Address of Lessee NOTICE: The State Tax Commission has directed that all leasehold improvement installations in 2016 or later must be valued as improvements to the leased real property. Report all 2016-2025 leasehold improvements in the section immediately below. Lo . LL STC True Cash Value Year Installed Description (Describe in detail) Original Cost Multiplier Assessor's Calculation 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Prior See Attached Document SECTION N - Buildings and Other Structures on Leased or Public Land and All Freestanding Signs and Billboards Costs of Freestanding Communications Towers and Equipment Buildings at Tower sites (unless reported on Form 4452), and Costs of Freestanding Signs and Billboards must also be reported under this Section. Any Personal Property reported in this section should NOT be reported elsewhere on Form 632 (L-4175). Attach additional sheets, if necessary. Od Check this box if you believe that these structures are already assessed as part of the real property. Year Originally Total Capitalized True Cash Value * ull Address or Location of Building Cost Assessor's Calculation N1 N2 Total Capitalized Cost 0313
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632, Page 5 Assessor's Copy SECTION O - Rental Information. See Instructions. (Attach additional sheets, if necessary) IF YOU ARE THE TENANT Name and address of landlord Is your landlord the owner of the property? [Il] Yes [I No If you are a sublessee, enter the name and address of the owner of the property IF YOU ARE THE LANDLORD Name and address of Tenant Are you the owner of the property? 1 Yes [I] No If youare a sublessor, enter the name and address of the owner of the property TO BE COMPLETED REGARDLESS OF WHETHER YOU ARE THE LANDLORD OR TENANT Address of property rented or leased Date that current rental arrangement began: . Square feet occupied: Monthly rental $ Date current lease expires: . Are there options to renew the lease? Yes Il No Expenses (e.g. taxes, electric, gas, etc.) paid by the tenant Assessor Value 02 COST GRAND TOTAL (for page 4) TAXPAYER: Add Total Cost Incurred from TRUE CASH VALUE GRAND TOTAL (for page 4) Section M and Total Capitalized Cost from ASSESSOR:Add True Cash Value totals Section N (M1 and N1). Enter grand total $ from Sections M-O (M2-02). Enter grand here and carry to line 11a, page 1. total here and carry to line 11b, page 1. * NOTE TO ASSESSOR: Certain buildings and structures on leased land (but not including freestanding signs and billboards) must be assessed on the real property roll. See Bulletin 1 of 2003. 0313
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Section M - Leasehold Improvements Assessor's Copy Year Installed Description (Describe in detail) Original Cost STC Multiplier True Cash Value Assessor's Calculation 2015 0313 Total Cost Incurred M-1
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Assessor's Copy Section M: Leasehold Improvements — Real & Personal Year in Service Detailed Description Original Costs Personal/Real 2015 Personal Total 0313