TAX
How to Dispute Property Taxes in Oakland & Macomb County (& Beyond)
If you reside in the Metro Detroit Area, you’ve probably observed that your property taxes tend to go up yearly.
Unfortunately, the county has probably never individually evaluated your home unless you requested it. Most of the time, each county appraisal district uses mass appraisal methodologies to determine the “proposed value” of a residence. This method is typical because no appraisal district has the resources or time to appraise each home independently. The appraisal district employs a mass assessment system based on normal property values in your area to appraise your entire neighborhood to handle such a massive job.
As a result, the appraisal district frequently chooses to increase the tax-assessed value of each home in a community by 1%, 2%, 3%, and sometimes up to 10% yearly. It’s unlikely that the appraisal district will reduce your tax-assessed value while we’re currently in a recession. And even then, there won’t be much of a drop. This is so that the homeowner bears the burden of arguing for a decrease in the assessed value of their home with the appraisal district.
We recognize that every house is unique, so when you get a tax protest appraisal, you’ll get a personalized report that shows the current market value of your house! A thorough examination of your neighborhood and comparable properties in your market region will be included in the assessment. When you meet with the county appraisal district, you can create a plan with the help of this report and be prepared with the necessary paperwork. Our local appraisers can offer this service and assist you in reducing your taxes immediately because they have experience and knowledge of your market locations.
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PROPERTY
Methods for Contesting Property Taxes
Homeowners in Michigan have two options for contesting their property taxes: a Sales Comparable Analysis or an Unequal Appraisal.
Comparable Sales Approach
By using this technique, homeowners provide the ARB with proof that similar properties have sold for less. These comparable homes must be in the same neighborhood and be equivalent in terms of size, amenities, acreage, and year of construction. As of January 2010, foreclosed homes also qualify as comparable real estate.
Unequal Appraisal Method
With this approach, homeowners provide the ARB with proof that comparable properties are tax assessed at a lesser value than others in the vicinity. Once more, these comparable homes must share the same area and be equivalent in size, amenities, acreage, and year of construction. The appraisal district will use these comparables to reduce your assessed value to be consistent with the lower tax-assessed homes in your community.
Taxes are increasing in Oakland and Macomb County
Municipalities that collect property taxes were compelled to increase tax rates due to the recent decrease in market values to make up for the money lost. In some circumstances, even if your property value doesn’t change, you’ll still have to pay extra in property taxes. Unfortunately, as a private homeowner, you have no control over this and no legal redress. This is accomplished by actually raising the “Tax Rate.”
