Property Assessment Info

 

March 4, 2014  - 2:00 P.M. 

Organizational Meeting for Board of Review Members

 

 

2013 Property Assessment Appeal Dates:

 

 

Tuesday, March 11, 2014

1:00 P.M. to 4:00 P.M.

6:00 P.M. to 9:00 P.M.

 

 

Thursday, March 13, 2014

9:00 A.M. to Noon

2:00 P.M. to 5:00 P.M.

 

 

INFLATION RATE MULTIPLIER FOR 2014

The inflation rate multiplier to be applied to the

2014 Taxable Value of all property in the State of

Michigan is 1.016. See State Tax Commission Bulletin

#14 of 2013 for more information.



 

THE ASSESSMENT FUNCTION

The Assessor’s office is responsible for discovering, listing and assigning assessed values to every property in the Township. We are required by law to annually review all property assessments.To accomplish this task assessors utilize a mass appraisal system. Our office monitors all sales and analyzes the local real estate market relative to economic conditions, supply and demand factors, and other influences that affect value.

Michigan Law requires assessors to maintain a property record card for each and every parcel. The card is required to include such information as ownership, sale information, land values, building values, property characteristics etc. We use the characteristics of your property in connection with our analysis of the real estate market to estimate a market value. Although property assessments should be at approximately 50% or market value it should be noted that assessors and Boards of Review are forbidden by law to use the unfair practice of "chasing sales". This means they cannot automatically raise or lower an assessed value of a recently sold property to exactly 50% of the selling price. Using the mass appraisal process and a state mandated sales study time frame the assessor's job is to value your property fairly and similarly to other properties in the Township.

 

This office also administers the Principal Residence Exemption program as well as Qualified Agricultural exemptions and other related property exemptions.



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