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Every Michigan property owner should appeal their property tax assessment this March​​. 
Are you ready for the Board of Review?

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Don't lose your home like thousands of Michigan taxpayers because of unfair assessments
Michigan Property Tax Valuation Notice
Property taxes can be confusing and expensive. And what you don't know can cost you. The elimination of the Federal deductibility of property taxes makes it even more important to keep your property taxes as low as possible.

Every homeowner should have basic understanding of the property tax system: Assessments, Valuations, Tax Rates, Important Dates and the Appeals Process.

In most instances you can appeal your property taxes on your own and lower your tax bill without legal help. Although the process is available to every homeowner, most don't use it. Mainly because they don't understand it and thus cost themselves hundreds or even thousands of dollars over their time of homeownership. Don't let this happen to you.

An successful appeal:
  • can result in lower tax payments
  • can result in a lower mortgage payment (if your taxes are escrowed)
  • can result in lower property tax increases in future years because reduced Taxable Value


FIRST YEAR PROPERTY OWNERS
​SPECIAL ALERT!

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  • If this is the first year owning your home then one of the most important things you can do is to make sure that your property is properly assessed the first year of ownership.
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  • Ignoring this can cost you thousands of dollars over the life of your homeownership.
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  • T​his will be the only time that your state equalized value (SEV) will be the same as your taxable value. It will greatly impact your cost of ownership due to the “pop-up tax.” It can make your monthly mortgage payment unaffordable next year.
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​You want your taxable value to start out as low as possible. The only way to get it done is to appeal your property tax assessment. The good news is it's not hard to do. Since you just bought the house, you probably have all the documentation you need to make an effective appeal.


Empower Yourself to Appeal


Master Class Takeaways

  • Understand Michigan’s 4 residential property tax values

  • Know your assessment and why you pay the taxes you pay
​
  • Ability to confidently engage the Michigan property tax appeal process
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  • Understand what you need to do to have a successful appeal
  • A strategy for property tax appeal negotiations
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  • Confidence to make informed decisions
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  • Evergreen principles that you can use every year to keep your assessments fair and accurate


    For more information

Get Fair Assessments

Here is a short video introducing the property tax assessment notices
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Necessary Disclaimers 

  • MoneySmartLife.org and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. 
  • The views, thoughts, and opinions expressed belong solely to the author, and not necessarily to the author’s employer, organization, committee or other group or individual; either in the past or future. 
  • This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.” MoneySmartLife.org states that they’re using this material as part of their “efforts to advance understanding of issues of “financial well-being” and that they believe that this constitutes a “fair use” of the material in accordance with title 17 U.S.C. Section 107. ​
  • Home
  • Take Control Tuesday
  • Blog Money Smart Lifestyle Moments Blog
  • About us
  • Money can be Funny Gallery
  • Trusted Advisor Sign-up
  • Discover Your Money Personality Game
  • Other Blogs and Voices
    • How Much Does It Cost You To Work
    • Detroit Praise Network Blog
    • Better Money Habits