Homeowners and businesses complain about increases in their property taxes. Previous assessments are rolled over and few contest when properties are overvalued. If a property owner, a business or owner of rental property believes the new assessment does not represent fair market value, they need to appeal. The process of equalizing values of similar properties […]
Category Archives: Property Tax Assessment Issues
A recent CBS News Headline: “Unpaid $8.41 property tax bill cost Michigan man his house”. It went to foreclosure and was auctioned off to a buyer for $24,500 even though the house was purchased originally for $60,000. This could apply to anyone under Michigan’s 1999 property tax law for similar amounts. The 83 year old […]