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Bay County reviews 2025 apportionment report, explains millage reduction fraction
Summary
Equalization Director Keegan presented the 2025 apportionment report, explaining how the millage reduction fraction is calculated and offering to provide full township-level reports; the board voted to receive the report.
Equalization Director Keegan presented Bay County's 2025 apportionment report to the Board of Commissioners Committee of the Whole on Oct. 14, saying the report summarizes taxable values and estimates how much each millage will generate.
"So what I have today is the 20 25 apportionment report," Keegan said, and explained the document shows "the current new taxable value along with an estimate of what each millage is going to generate in terms of tax dollars." He described the report as containing the board letter, township and municipal millage rates, school district millages, special assessments and a certification statement.
Keegan spent most of the presentation describing the millage reduction fraction, the calculation the county uses to limit tax increases when taxable value growth outpaces inflation. He summarized the formula as taking last year's taxable value minus losses, multiplying by an inflation multiplier, and dividing by current-year taxable value minus additions. Keegan said the county completes the L-4028 form in May and exchanges data with surrounding counties to compile intercounty school district fractions.
Commissioners asked for more detail on township listings shown in the presentation; Keegan said the slide was a snippet of the L-4028 and offered to provide the full report for any commissioner who wanted township-level data. A commissioner asked whether a petition drive referred to in discussion (described in the meeting as the "x my tax" petition) would change the report; Keegan said he had followed the petition activity but that its outcome was uncertain.
The board voted to receive the apportionment report by voice vote. Keegan thanked the board at the conclusion of the item.
The apportionment report is an administrative document that the county certifies to support millage levies and to help taxpayers estimate potential tax bills by township and school district. Commissioners requested the full L-4028/L-4034/L-4029 materials for any townships not shown in the presentation.
Next steps: commissioners will receive the full township-level materials Keegan offered; the presented document was received by the board with no recorded roll-call tally in the transcript.
