Michigan property tax
The National Taxpayers Union estimates that as much as 60%
of taxable property in the United States is over assessed. However,
only 5% of homeowners protest their assessments. Most people
are unsure of the process to lower their taxes or have never known
anyone that has. This site hopes to give help through information
contained here or through our network of "Property Tax Experts" to
help you pay your fair share of property tax.
Mistakes can often be a reason why a taxing authority values your
home for more than the current market would allow. Obvious
mistakes aren't difficult to spot. Is the square footage figure
correct? Does the assessment say your home has four bedrooms
when it only has three? Property description and information with
your assessor should be reviewed for errors.
More importantly with this downturn in the housing market mainly in
the United States, home values are declining and for many who
purchased their home when the values were at their peak, you may
find a greater impact.
Each year we file a personal tax return
to assess how much income tax we owe.
Why is this not the case with property taxes? Did you know many of
us pay more annually in property tax than income tax, yet ignore
assessing our property tax bills. Just like with income taxes, there
are deductions and credits we can take advantage of, and the tax
rate is based off the value of your home. If you made $100,000 in
income last year and $80,000 this year you would expect to pay
less tax. If your home was worth $100,000 last year and now its
worth $80,000, would you pay less in property tax or continue to
pay too much tax?
Michigan Tax Tribunal
The Tribunal is an administrative court that hears tax appeals for all Michigan taxes. Most of the Tribunal's appeals involve property tax; however, the Tribunal also hears business and individual tax disputes. The Tribunal is divided into two divisions: the "Entire Tribunal" and the "Residential Property and Small Claims" Division. With the exception of principal residence and qualified agricultural exemption appeals, any case may be filed in the Entire Tribunal. Only certain cases-all property disputes involving residential property, principal residence exemptions, poverty and qualified agriculture exemptions and disputes under $6,000 may be filed in the Small Claims Division.
Do you Pay too Much Property Tax?

