The township assessor is responsible for the listing and inventory of the individual properties in his or her township. The township assessor shall estimate, according to his or her best information and judgment, the true cash value and assessed value of every parcel of taxable property. The assessments are placed in the assessment roll and completed by the first Monday in March for the property to be taxed.
Annually, approximately 14 days before the first meeting of the local board of review, the assessor shall give each owner listed in the assessment roll a notice by first class mail of the increase in assessed value or tentative taxable value for the year. This notice will specify the time and place of the meeting of the local board of review.
If the owner disagrees with the assessor, they may appeal the assessed value, the taxable value or the property classification to the local board of review in March. The board of review will render its decision and the owner may appeal that decision to the Michigan Tax Tribunal.
Other responsibilities of the assessor include, administrating the Principal Residence Exemption program and in some townships administrating the Land Division Act.
Did You Know?
• The assessed value is 50% of True Cash Value…True Cash Value means the usual selling price.
• The assessor is not permitted by State Law to set your new assessment at one half of your purchase price
• Annual changes of assessment are based on sales in the neighborhood. Your neighborhood rarely consists of just the homes on your street.
• The taxable value is the value your taxes are levied upon. The taxable value is annually capped at 5% or the Consumer Price Index which ever is lower.
• The taxable value is ‘uncapped’ for a parcel the year after the parcel is purchased. (For example, a parcel purchased in 2014 will have the taxable value 'uncapped' for the 2015 tax year.)
• When some physical addition (house, garage, deck, porch, etc.) is added on the parcel, only the value of that addition is ‘uncapped’ and added to the current taxable value the following year.
• It is your responsibility as a taxpayer to review your property record card periodically to be sure you agree with all the information that is currently of record.
Property Transfer Affidavit & Instructions
More information regarding transfer of ownership and uncapping taxable value