Commercial Property Owners
We can help make sure you are paying your fair share of tax in Michigan. We have years of experience and can ensure your assessment reflects the true market value of your property. As landlords and business owners feel the crunch of this brutal market here in Michigan, consider us your in house real estate department.
Do you Pay too Much Property Tax?
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Top 10 Metropolitan
Areas with Home
Price Depreciation
First Quarter 07-First Quarter 08
|
|
Metro Area
|
Loss
|
|
|
Miami
|
25.9%
|
|
|
Las Vegas
|
24.6%
|
|
|
Phoenix
|
23.0%
|
|
|
Los Angeles
|
21.7%
|
|
|
San Diego
|
20.5%
|
|
|
San Francisco
|
20.2%
|
|
|
Tampa
|
19.6%
|
|
|
Detroit
|
17.9%
|
|
|
Wash. D.C.
|
15.3%
|
|
|
Minneapolis
|
14.4%
|
|
|
|
Source: Standard & Poor’s/Case-Shiller |
Tax Rates
Property owners can calculate their tax bill by multiplying that taxable value by the tax rate.
In Michigan, the property tax rate is called a millage, and it is figured in mills. A mill equals $1 in taxation for every $1,000 in taxable value.
A parcel may have several millages in its tax rate. There is likely to be a millage to operate local government, and another for the county. Part of the millage rate may include mills for libraries, police and fire or schools.