As I was doing some seller follow up last night, I had the TV on in the Background, one segment on a national news show was discussing Property Taxes, and how to have them lowered if you feel they are too high. After watching this segment I felt this was another great opportunity to inform the property owners in Michigan of the process, especially since the steps they indicated would generally not work here or in the time frame they listed.
By the first of March each year assessment change notices are mailed to all property owners in the City which show changes in value from the previous year and which list the reason for the change, if any. Values may be appealed to the Board of Review in March. It is usually worth your time to attempt to contact your local assessor before this date, until that point they may able to change your SEV and Taxable values. Once the deadline hits, any changes must be made with the local Tax board of review.
The City Board of Review, which is comprised of at least three residents, meets to hear property assessment appeals from property owners in at least twice in March. The Board will hear and consider appeals from owners in person or by mail.
Once you have received the response to your appeal you may appeal that decision to the State Tax Tribunal. If you chose to appeal to the tax tribunal expect (Last I heard) a 2-3 year wait, yes 2-3 Years! Also note the Tax Tribunal's decision is final
Pointers-
- Before heading to the appealing to your local tax board of Review ensure you have filled out the appeal form correctly.
- Be able to provide evidence that you home is overvalued. (By law only sold Comparables in the same municipality can be used) though I have seen property values reduced by both assessors and board of Reviews by presenting appraisals, evidence of major change in the condition of the home, or proof that the home was actively listed and was not able to sell for below what it is taxed at.
- Be nice- The board of Review is voluntary, these are members of your community that have volunteered their time, for very little if any pay.
- Expect to wait, for your appeal, sometimes the wait can be long, know that going in and know that it does not reflect the boards lack of effort or that they are making "you" wait.
- Click here to contact your local municipality.
- Depending on the municipality they may/may not require appointments, check with your local assessing dept. to find out you local practices.
Just a few pointers from experience I have gained through the years as a former member of a Tax board of Review, and as a property owner that has appealed SEV and Taxable in 4 different municipalities personally.
Aaron Fox, Century 21 Looking Glass aaron.fox@century21.com www.aaronsellsrealestate.com
