How to Reduce Michigan Real Estate Taxes
Every February and March Michigan homeowners get a property tax assessment in the mail. The assessment lets homeowners know how much their property taxes are for the year. The amount is based on the property's state equalized value and taxable value. If you think your real estate property taxes are too high based on other homes in the area, you can fight to reduce the taxes. It will take some research build your case, but it can be done.
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Instructions
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How to Reduce Michigan Real Estate Taxes
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Pay for an appraisal. You can pay for an independent appraiser to assess the value of your home. Another alternative is to contact a real estate agent to compile a list of comparable properties in your area. The agent will look for homes that have sold in the last year with a similar size, age and amenities. Make copies of your information for each member of the board of review.
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Schedule an appointment with the board of review in March. If you do not set up an appointment, you'll will have a long wait when you arrive at your city or town hall. If you miss an appearance with the board of review, you'll have to wait until next year.
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Present your information before the board as to why you believe the value of your home should be lowered, therefore lowering your taxes. Hand each board member a copy of the information that you gathered from the appraiser or the real estate agent. Be polite during your presentation so that the board is more receptive to you.
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Receive your board of review decision. You can expect to see a decision regarding your property taxes by June 1. If the board does not reduce your property taxes, you can appeal the decision to the Michigan Tax Tribunal.
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File your petition with the Michigan Tax Tribunal's small claims division before July 31. Submit your comparable properties list and appraisal at least 30 days before the hearing.
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Present your information before the Michigan Tax Tribunal board. The tax tribunal will make a decision 30 days to a year and a half after your presentation.
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References
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