By David E. Nykanen, Friedlander Nykanen & Rogowski PLC
In Michigan, property taxpayers can challenge the amount of taxes assessed against a property by disputing the assessed value of the property and alleging that the assessed value exceeds fifty percent of the property’s true cash value, which is synonymous with market value. Although the volume of assessment appeals has significantly decreased from the historic high levels of 2009-2011 during the Great Recession, there are still many circumstances where an appeal of a property’s assessment may be advisable. Those circumstances may include, but are not limited to, a recent purchase of the property for a price far below the assessed value or recent construction on the property.
Read More or Comment