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The assessed value of the property is defined by its fair market value multiplied by the assessment level fixed through ordinances. The assessed value may be defined as the propertys taxable value. To get the taxable value of a property, you need to multiply the market value by the assessment level.
State Equalized Value - One half (1/2) of your propertys true cash value. State Equalized Value in Contention - The difference between what Petitioner and Respondent believe to be the propertys state equalized value for each tax year at issue.
WHAT IS ASSESSED VALUE? THE MICHIGAN CONSTITUTION REQUIRES PROPERTY TO BE UNIFORMLY ASSESSED AT 50% OF THE USUAL SELLING PRICE, ALSO REFERRED AS TRUE CASH VALUE.
State Equalized Value - One half (1/2) of your propertys true cash value. State Equalized Value in Contention - The difference between what Petitioner and Respondent believe to be the propertys state equalized value for each tax year at issue.
a. Applicant or spouse of applicant must docHub age 65 by December 31 of the tax year.
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People also ask

Trespasser Who Pays Taxes on Land Wont Necessarily Succeed in Adverse Possession Claim in Michigan. In some states, the payment of property taxes by a person claiming adverse possession can be used to establish legal title. However, there is no such statutory requirement in Michigan.
For more information call the Treasurers Office Tax Information Line at 313-224-5990. You may search by Property Address or by Parcel ID.
The tax assessment of your home is not a secret; it is a public document that you can review, by getting a copy from the tax assessors office (most likely online).
Our e-Services site will allow you to make an Automated Clearing House (ACH) payment from your checking or savings account. In addition, you are also able to make a debit/credit card payment. To make a debit/credit card payment there is a 1.5% charge.
The taxable value is the value on which property taxes are calculated. It can be found on the property tax statement or by contacting your local city/township/village assessors office.

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