Michigan Case Law Regarding Home Value

Michigan case law controls the issue of home value.

The value of a home is determined by market factors, but in Michigan case law sets the parameters for how property is valued. Furthermore, limits set by the courts on the behavior of owners can affect the value of a home in the Great Lakes state.

Transfer Property

While homes are assessed for tax purposes, for a new assessment to be completed, ownership of the property must be transferred to a new owner. In Signature Villas L.L.C. v. City of Ann Arbor, the Michigan Court of Appeals determined that a transfer had taken place so the property could be reassessed.

Additions

In Kok v. Cascade Charter Township, the Michigan Court of Appeals addressed the effect of improvements on home value. In this case the homeowner argued that statutory law place strict limits on an increased tax on her home. The court held that the value of additions to her home could be used to assess a tax that went beyond statutory limits.

Activities

In Kyser v. Kasson Township, the Michigan Supreme Court held that even a mining operation near residential homes is permissible provided the activity does not result in serious consequences to the community.

References

• Signature Villas L.L.C. v. City of Ann Arbor, Michigan Court of Appeals No. 264003 (2006)
• Kok v. Cascade Charter Township, Michigan Court of Appeals No. 233478 (2003)
• Kyser v. Kasson Township, Michigan Supreme Court No. 136680 (2010)