Form 607 2019 Form L-4022 - Report of Assessment Roll Changes and Classification - Michigan

Form 607 or the "Form L-4022 - Report Of Assessment Roll Changes And Classification" is a form issued by the Michigan Department of Treasury.

The form was last revised in October 1, 2018 and is available for digital filing. Download an up-to-date Form 607 in PDF-format down below or look it up on the Michigan Department of Treasury Forms website.

ADVERTISEMENT
Reset Form
L-4022
Michigan Department of Treasury
607 (Rev. 10-18)
2019 Report of Assessment Roll Changes and Classification
INSTRUCTIONS: Assessing officers are required to report the total assessed value for each class of property and the assessment roll changes for each class of property for County and State Equalization. This
form is issued under authority of PA 206 of 1893. This report shall be signed by the assessing officer and filed with the State Tax Commission and the County Equalization Department immediately following
adjournment of the Board of Review - Administrative Rule 209.26(6b). REPORT ONLY ASSESSED VALUES ON THIS FORM.
County
City or Township (Indicate which)
Real Property
Parcel Count
2018 Board of Review
Loss
+ or (-) Adjustment
New
2019 Board of Review
100 Agriculture
200 Commercial
300 Industrial
400 Residential
500 Timber - Cutover
600 Developmental
800 Total Real
Personal Property
Parcel Count
2018 Board of Review
Loss
+ or (-) Adjustment
New
2019 Board of Review
150 Agriculture
250 Commercial
350 Industrial
450 Residential
550 Utility
850 Total Personal
Parcel Count
2018 Board of Review
Loss
+ or (-) Adjustment
New
2019 Board of Review
Total Real
and Personal
Informational Items
No. of Exempt Parcels:
Amount of 2019 Loss from Charitable Exemption granted for first time in 2019 under MCL 211.7o:
CERTIFICATION
I hereby certify that all the information contained within this document is true and accurate to the best of my knowledge, information and belief.
Assessing Officer Signature
Date
Assessing Officer Printed Name
Certification Number
The completed form must be signed by the local unit assessor who is the assessor of record with the State Tax Commission. The form may be submitted in one of the following manners:
1)
Mail the ORIGINAL completed form, with the ORIGINAL assessor of record signature to the State Tax Commission, PO Box 30471, Lansing, MI 48909
2)
E-mail the completed form with the assessor of record signature to Equalization@michigan.gov.
The assessor must submit the first copy of the completed form to the County Equalization Department. The form is to be reviewed and approved by County Equalization. If there are errors
found by County Equalization, the errors are to be corrected and a revised copy is to be immediately submitted to the State Tax Commission.
The assessor of record must retain a copy of the completed form. If after submitting the completed form to the State Tax Commission and County Equalization, the assessor of record discovers there
are errors within the form, the assessor of record shall correct the form and submit the revised copy to the County Equalization Department. The revised form must be identified as a revised copy. Once
the revised copy is reviewed and approved by County Equalization, the revised copy must be immediately submitted to the State Tax Commission.
Reset Form
L-4022
Michigan Department of Treasury
607 (Rev. 10-18)
2019 Report of Assessment Roll Changes and Classification
INSTRUCTIONS: Assessing officers are required to report the total assessed value for each class of property and the assessment roll changes for each class of property for County and State Equalization. This
form is issued under authority of PA 206 of 1893. This report shall be signed by the assessing officer and filed with the State Tax Commission and the County Equalization Department immediately following
adjournment of the Board of Review - Administrative Rule 209.26(6b). REPORT ONLY ASSESSED VALUES ON THIS FORM.
County
City or Township (Indicate which)
Real Property
Parcel Count
2018 Board of Review
Loss
+ or (-) Adjustment
New
2019 Board of Review
100 Agriculture
200 Commercial
300 Industrial
400 Residential
500 Timber - Cutover
600 Developmental
800 Total Real
Personal Property
Parcel Count
2018 Board of Review
Loss
+ or (-) Adjustment
New
2019 Board of Review
150 Agriculture
250 Commercial
350 Industrial
450 Residential
550 Utility
850 Total Personal
Parcel Count
2018 Board of Review
Loss
+ or (-) Adjustment
New
2019 Board of Review
Total Real
and Personal
Informational Items
No. of Exempt Parcels:
Amount of 2019 Loss from Charitable Exemption granted for first time in 2019 under MCL 211.7o:
CERTIFICATION
I hereby certify that all the information contained within this document is true and accurate to the best of my knowledge, information and belief.
Assessing Officer Signature
Date
Assessing Officer Printed Name
Certification Number
The completed form must be signed by the local unit assessor who is the assessor of record with the State Tax Commission. The form may be submitted in one of the following manners:
1)
Mail the ORIGINAL completed form, with the ORIGINAL assessor of record signature to the State Tax Commission, PO Box 30471, Lansing, MI 48909
2)
E-mail the completed form with the assessor of record signature to Equalization@michigan.gov.
The assessor must submit the first copy of the completed form to the County Equalization Department. The form is to be reviewed and approved by County Equalization. If there are errors
found by County Equalization, the errors are to be corrected and a revised copy is to be immediately submitted to the State Tax Commission.
The assessor of record must retain a copy of the completed form. If after submitting the completed form to the State Tax Commission and County Equalization, the assessor of record discovers there
are errors within the form, the assessor of record shall correct the form and submit the revised copy to the County Equalization Department. The revised form must be identified as a revised copy. Once
the revised copy is reviewed and approved by County Equalization, the revised copy must be immediately submitted to the State Tax Commission.
607, Page 2
INSTRUCTIONS FOR FORM 607 (L-4022)
Public Act 381 of 1978 prescribes six real property and five personal property classifications.
Agricultural (Ag.), Commercial (C.), Industrial (Ind.), Residential (R.), Timber - Cutover (T.C.) and
REAL PROPERTY:
Developmental (D.). These Real Property classes are equalized separately.
PERSONAL PROPERTY: Agricultural (Ag. P.), Commercial (C.P.), Industrial (Ind. P.) Residential (R.P.) and Utilities
(Util. P.). All classes of Personal Property are equalized together as one class.
Each assessing officer must report total assessed value, assessed value of losses, assessed value of adjustments and new
assessed value for each class of property. All entries are to be the assessed values as approved by the Board of Review.
Form 606 (L-4021) and supporting Form 607 (L-4022) shall be filed with the County Equalization Director for review and
audit by the State Tax Commission
REAL PROPERTY
NEW — Assessment increases because of added true cash value not accounted for in the starting ratio on Form 603
(L-4018R), including:
1. Description on roll for first time or returned from exempt status.
2. Building or other improvement put on description.
3. New additions and improvements.
4. Further completion of new construction. (For example: partially complete building assessed at $2,500 last year;
assessment raised to $3,500 this year because completed; the $1,000 increase is NEW.)
5. Platted land. (For example: a 40 acre parcel was assessed last year for $10,000; the land has been platted into 200
lots at $300 each or $60,000; the increased assessment would be NEW $50,000. If property had been classified
Agricultural, there would be $60,000 NEW in Residential and $10,000 LOSS in Agricultural.)
6. Increased land value or improved economic conditions. Note: Increases in assessments from one year to the next
due to inflationary increases in value are to be reported on Form 607 (L-4022), if not included in the equalization study
report on Form 603 (L-4018R).
(The New listed on Form 607 (L-4022) may not qualify for Additions on Form 609 (L-4025). See instructions
on L-4025.)
Also, the amount of the NEW for equalization purposes for a particular item may not be the same as the amount of the
ADDITION for the cap for that same item. For example, an IFT NEW FACILITY whose exemption has expired comes on
the ad valorem roll at 50% of true cash value, but the ADDITION may be less than 50%.
LOSS — Assessment decreases because of loss of true cash value not accounted for on Form 603 (L-4018R), including:
1. Description removed from roll (annexation).
2. Building or other improvements destroyed or removed or exempt.
3. Part of a building removed or destroyed (Note: Tax Day is December 31).
4. Losses from change of description (such as in item 5 under NEW).
5. Land reverted to state or otherwise exempt.
ADJUSTMENTS — All changes in the assessment roll OTHER than those caused by changes in true cash value which
qualify as NEW or LOSS, including:
1. Individual assessments raised or lowered to establish uniformity and meet the 50 percent requirement.
607, Page 3
INSTRUCTIONS FOR FORM 607 (L-4022) — CONTINUED
PERSONAL PROPERTY
NEW — Assessment increases because of added true cash value not accounted for on Form 602 (L-4018P), including:
1. First time on roll. (For example: a new commercial tenant.)
2. Additional equipment or furnishings. (For example: a business acquired additional equipment so the total true cash
value of the equipment and furnishings increased from $50,000 to $80,000. The assessment therefore was raised
from $25,000 last year to $40,000 and the $15,000 increase is NEW.)
3. Change in law, reducing exemptions (Inventory, termination of Public Act 198 of 1974 certificate, etc.).
LOSS — Assessment decreases because of loss of true cash value not accounted for on Form 602 (L-4018P), including:
1. Removal from roll (Out of business, etc.).
2. Fire losses or other damage. (Note: Tax Day is December 31).
3. Decrease in true cash value of equipment, pipelines, furnishings, equipment, etc.
4. Change in law, increasing exemptions (Inventory, air, water or PA 198 of 1974 certificate, etc.).
All changes in the assessment roll OTHER than those caused by changes in true cash value which qualify as NEW
or LOSS, including:
ADJUSTMENTS — Individual assessments raised or lowered to establish uniformity.
IMPORTANT NOTICE
Capped and Taxable Values have no role in the determination of County or State Equalized Valuations. DO NOT
REPORT CAPPED OR TAXABLE VALUES ON FORMS 607 (L-4022), 2164 (L-4023) OR 608 (L-4024). STC FORM
607 (L-4022) MUST BE CERTIFIED BY THE ASSESSOR OF RECORD BY SIGNING THE COMPLETED REPORT.
UNSIGNED FORMS WILL BE RETURNED TO THE ASSESSOR.
ADVERTISEMENT
Page of 3