What authority does the Township have in order to place a value on my property for property tax purposes?
This is a mandate of Public Act 206 of 1893 as amended, also known as the Michigan General Property Tax Law. Homestead & Qualified Agricultural Property Property owners may declare their principal residence as a homestead and exempt the property from 18 mills of school operating tax. In order to qualify as a homestead property, the property must be occupied as a homestead by May 1 of the first year claimed. Partial homestead exemptions are also available for multi-family dwellings. The 18 mill school operating tax exemption also extends to agricultural classed property. Non-agricultural classed property devoted primarily to agricultural uses may also be eligible for the exemption. Please contact the assessors office for additional information regarding homestead and qualified agricultural exemptions. Property Transfer In the year following a sale or transfer of ownership of real estate, the transferred property’s state equalized value becomes relevant. When a transfer of ownership occu
Related Questions
- Does the Assessor or any employee of the Office have the authority to arbitrarily reduce the value of my property with no evidence or other written proof?
- What authority does Mundy Township have to place value on my property for tax purposes?
- Who is the appropriate authority for knowing the market value of a property?
