The total planning estimate to restore the dams is $250 million. The Operations Assessment will begin in December of 2022. Of the 8,422 parcels in the Four Lakes Special Assessment District, approximately 91% of properties have an annual Operations Assessment of less than $240.
Thanks to a $200 million appropriation from the State of Michigan, the estimated Capital Assessment is significantly lower than originally anticipated. We estimate that approximately 92% of properties will have an annual Capital Assessment of less than $460.
The Capital Assessment will begin in 2024 for payment in 2025. The methodology for calculating property benefits is the same as what's used for the Operations Assessment.
Estimated numbers in the graphic above are subject to change +/- 30%.
On April 6th, almost 400 people joined a public informational session webinar to learn more about funding and financing. Presenters shared preliminary estimates of the Capital Assessment and changes to the assessment methodology. You can watch a recording of the webinar and see the presentation slides on the Events page of our website.
Four Lakes apportions costs to all properties within the SAD based on benefits derived. Consequently, adjacent properties will be assessed.
That said, if a property owner wishes to combine their parcels, they may coordinate with their local assessor and follow the procedures set forth by that local authority to do so. If there is sufficient time to consolidate the parcels into a single parcel during the year of 2022 when the first O&M assessment is levied, FLTF is proposing a grace period for property owners, provided that property owners can provide documentation, through their local assessors’ office, that the combination will take effect in 2023.
If you wish to combine parcels, follow these steps:
Contact your township assessor requesting a parcel combination. Include the parcel IDs in your request. IF APPROVED, the township assessor’s response should include approval of the combination and also the date in which the parcel combination will take effect.
Visit your township website to get the name and contact information of your assessor.
When your township assessor approves the request, the assessor will send the approval to the appropriate departments as well as to FLTF.
FLTF must have the letter by June 15, 2022, so be sure to contact your township assessor well in advance to assure you meet the deadline.
For questions, please contact your local Township Assessor.
This report created by Spicer Group explains each assessment benefit factor in detail and how the apportionment methodology has changed since May 2021.
FLTF Fact Sheet
Get the basic facts and information about FLTF in this easy-to-read flyer.
Updated Funding and Financing and SAD Chapters of Restoration Plan
After receiving the $200 million appropriation from the State of Michigan, we revised two chapters of the Four Lakes Restoration Plan: "Chapter 10, Funding and Financing" and "Chapter 11, Special Assessment District, Property Benefits and Affordability Analysis."
Please mark your calendar for important dates related to the Four Lakes Special Assessment.
April 11, 2022, at 2 p.m. | FLTF board meeting | Secord Township Hall, 1507 Secord Dam Rd, Gladwin, MI 48624
Topics will include a review of the 2022 budget and its financing, and approval of the financial plan that was reviewed at the April 6 webinar. There will be a public comment period.
April 19, 2022, 9 a.m. - 4 p.m. | Preliminary Day of Review | Jerome Township Hall
April 20, 2022, 4:30 p.m. - 9:30 p.m. | Preliminary Day of Review | Secord Township Hall
FLTF encourages you to attend and review your property with the FLTF team working on the SAD. The assessment methodology will be applied using the property tax records as provided to FLTF from each county and will be formally adopted at the Four Lakes Special Assessment Hearing.
June 15, 2022 | Deadline to Combine Parcels
Mail or email a letter to FLTF from your township assessor that indicates a parcel combination is in progress and will be in effect in 2023.
June 2022 (Date TBD) | Special Assessment Hearing
Property owners can appeal their portion of the Operations Assessent for 2022-2004. After this meeting, the counties will review the rolls and assessment for approval.