shiawasseecounty.net

Just how in He%$ can they raise tax assessments,when no one can sell their home. Plus all these home foreclosures.
As of today I think my home has lost at least $20,000 in value in the past year.
It probably wont do any good but I'm going to the board of review.

Everyone is of about the same opinion....

Raise taxes while property values are going down the tube???

Insane...

But do let us know how that works out for you.

Good for you! I appeal my property tax assessment to the Owosso Board of Review EVERY YEAR!

Be sure to take a couple "comps" with you....("Comps" are sales records of nearby homes similar to yours that have sold in the past year or so). If you can show that similar homes in your neighborhood have sold for LESS than your homes current SEV, you should prevail. Remember this fact: By law, State Equalized Value (SEV) must approximate 50% of market value. This information is available from the Assessors office, (or ask a friendly Real Estate agent if you can look at the "sold" list in his/her MLS book).

You might also bring copies of news articles or other documentation regarding Michigan's slumping home market...lack of good jobs, etc.

.....Citing the NUMBER of homes that are FOR SALE right now in your neighborhood would be helpful...

Finally...DON'T be shy about pointing out the BAD things in your area that will ADVERSELY affect would-be buyers of your home......noise, odors, trains, traffic, water & sewer problems, BLIGHT....such as junk cars, trash, etc.....

DO YOUR HOMEWORK! You have a much better chance of success if you are WELL-PREPARED for your Board of Review appearance.

GOOD LUCK!

Your SEV has nothing to do with how high your property taxes bill is. Taxes are based on your Taxable Value, and the taxable value (by law) can only go up according to the rate of inflation or 5% which ever is less. This year property taxable values went of 3.972 % that was for everyone across the state. SEV is what you would like to sell your house for. Protesting your SEV only shoots yourself in the foot. Comps don't mean much anymore because your taxable value can be very different from you neighbor's based on the last time a property sold. Taxable Values become uncapped at time of sale.

Can someone explain to me this paper I recieved today?
What is the assessed value mean?
Why is it so much higher than the taxable value of the house?
Thanks if you can answer it.

Hmmmm.....Interesting. Guess I better give back all SIX of the rollbacks I've received over the past SIX years, eh?

All I'm saying, is that if you had your SEV rolled back (as you say) it would not affected your tax amount. You would have to have your taxable value rolled back to change your tax amount.

ETA

Wingnut, your taxable value is used to calculate your tax bill. This amount has been capped (in other words limited in the amount it can go up each year, see my earlier post). Your SEV is based on Market Value (it should reflect approx. 50% of the fair market value of your home). Your taxable value can be a lot less than your SEV depending on how long ago the house was last sold or made major improvements. If you have been in your house a long time, the SEV and Taxable should be quite different.

Its all a load of bologna.

Our SEV jumped $5100 since last year, multiply new SEV X 2 = $234,000

Property is FOR SALE, slashed $35,000 in the 6 months, down to $170,000 something and no offers. My SEV DOES NOT reflect the value of the property. Hasn't in 3-4 years at least.

4 year old house next door sold for $188,900--was purchased for $258,000 just 4 years ago. How's that for a good deal? And on 10 acres with a barn and lots of fence for horses.

House down the road and around the corner--15 acres, almost 3000 sq. feet, and NICE, just 10 years old--bank sold after foreclosure for only $181,000.

And my smaller, older home on 1.4 acres is worth $234,00 according to the SEV?

Dope smoking. That explains it all.

Once again, the SEV does not affect the amount of your property taxes. The SEV you just recieved in the mail reflects property values as they were almost 2 years ago. Property studies take time. And the 50% rule is a guide line and can get out of whack sometimes. A higher SEV only helps you at the time you go to sell you house.

I know the SEV is not the reason my taxes just jumped. BUT 2 years ago I couldn't sell my house for $215,900, which was less then 2 times the SEV and now it's supposed to be worth $234,000?

Dope smokin'--the only explanation that makes sense.

Just a little heads up for those looking to sell their houses....
The Democratic House voted to raise the transfer tax by 13%
They are raising yet another tax instead of bringing their spending under control.
Man I hate big gov't

look for info under hb4441 or read the Sunday Independant

Maybe we could cut more out of the veterans' benefits.

Maybe they could cut more spending starting with office supplies?\
Maybe they can just bleed those of us who are breathing for everything they can while they sit "above" and dictate what they think we should do, eat, spend our $$ on. Must be nice to sit in a power of authority and run the sweage down hill.
PIGS!

I don't have the Sunday Independent & I didn't find anything oh hb4441. Is this what you are talking about?

http://www.mlive.com/news/statewide/peter_luke/index.ssf?/base/news-0/117399840314630.xml&coll=1



It's a state bill you're talking about? Well, no, they can't cut office supplies. My friends who work at the state bring their own toilet paper to work. And they are required keep the heat at 60 degrees or lower. That's down from 62 degrees the year before.

They could cut more out of the legislature ... in fact, we could do away with the entire Senate, as far as I'm concerned.

Michigan has gutted itself. Privatizing everything that made us a profit, raiding the rainy day fund, killing business development investments like the Japan trade office. Those were the tax cuts that everyone was so eager to get. Now we have to pay the bills.