Property Taxes
Soon you will be receiving “Notice of Assessment, Taxable Valuation and Property Classification” from your local municipality.
It is a good idea to check your statement every year to make sure your homestead exemption is still in place. Many property owners in the State of Michigan who qualify for the homestead exemption do not claim the homestead exemption.
Homestead vs. Non-Homestead status can be a substantial difference for some homeowners. If an error has been made you are still responsible to pay the higher taxes until an appeal has been granted.
You must file for the homestead exemption by April 30th of the current tax year. On new construction, the exemption can be obtained only after a Certificate of Occupancy or Temporary Certificate of Occupancy has been issued.
If you are planning to appeal your property taxes make sure to call your local municipality as soon as possible to get an appointment. All residential appeals must start with the March Board of Review.
Suggestions:
- Obtain your assessment record and valuation card from your assessor’s office.
- Review the assessment for any errors. An example – are you being taxed for 3 bathrooms when you only have 2. Or, finished basement vs. unfinished basement. This can also work against you. Look for anything that could risk increasing your assessment as well.
- Be sure to appeal both assessed and taxable values not just the taxable value.
- Be prepared with copies of similar homes that have recently sold and homes that are currently for sale in your neighborhood.
If you have any questions, please contact your city or township.
Not a homeowner yet? Pass this information along to someone that may benefit from it. They will be very thankful to you if you save them money!