2011 Michigan Property Taxable Value Increase

wpadmin — Tue, 19 Apr 2011 01:21:57 +0000

Even in a down economy, because of the structure of Proposal A of 1994, your property tax bill will still increase. This State Tax Commission annual bulletin outlines the 2011 Taxable Value adjustment.

Read the entire news release by clicking here: Bulletin16of2010_336972_7

Klooster v City of Charlevoix Case

wpadmin — Sat, 09 Apr 2011 02:33:44 +0000

On March 10, 2011, the Michigan Supreme Court issued a decision in the case of Klooster v City of Charlevoix which reversed the decision previously made in that case by the Michigan Court of Appeals.

The decision will significantly affect the analysis used by Michigan assessors in determining whether a “transfer of ownership” of property has occurred, as that phrase is defined in Michigan Compiled Laws 211.27a(6), in cases involving the creation, modification or termination of joint tenancy ownerships.

The most immediate effect of the Klooster decision will be to require assessors to review all decisions previously made relating to the uncapping of the taxable value of real property where a joint tenancy has been created, modified or terminated.

This review may necessitate examination of conveyances dating back to the beginning of Proposal A in 1995.

Read the entire news release by clicking here.

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