Delhi
Charter Township Assessing Department
Frequently
Asked Questions
Why does
the assessed value change from year to year?
The assessed value must
reflect 50% of market value. As market value changes, so does your
assessment. For instance, if you add a garage to your home, the assessed
value increases. However should your property be permanently damaged by
fire, the assessed value would decrease. Property owners have a
responsibility for reporting any changes made to their property that
would affect its value. When you obtain a building permit, our office is
notified by the Building Department.
Why do
assessments go up when a property hasn’t changed?
Market value is a product of
the price paid for the property. Since assessments must be set by market
value, changing real estate values in the community will be reflected in
the assessments. As prices increase/decrease, so does market value.
All property values do not
change to the same degree. Many factors influence values. Properties
with water or scenic views, for example, may increase more rapidly than
others.
What is taxable value?
The taxable value was
created upon the passage of Proposal A, by the electorate in 1994. The
taxable value is the lower of the State Equalized Value or the capped
value. This is the value used times the millage rate that produces the
amount of taxes levied against the property.
What is the capped value?
The taxable value can
increase from year to year by 5.0% or the amount of the Consumer Price
Index (CPI), which ever is less. Additions or losses to the property are
also taken into consideration. The formula is the previous taxable
value, minus losses, x 1.05% or the CPI, which ever is less, plus any
additions = capped value.
If I am unhappy with the assessed value or taxable value, what can I do
about it?
The first thing you should
do is talk to your local Assessor about the valuation on your parcel.
Check the appraisal records to make sure all components of the property
are correct. If you wish to proceed at this point, you must make an
appointment with the March Board of Review to lodge an appeal. The Board
of Review is set up under the Michigan General Property Tax Law. The
three member board is appointed by the Township Supervisor and approved
at a public meeting by the Board of Trustees. The Board of Review will
hear your appeal and will make a decision using their best judgment.
I will be out of town during the March Board of Review, how can I lodge
an appeal?
You may send a personal
representative or a letter of explanation. Please include the reason for
appealing your assessed value, the parcel identification number, your
address and telephone number. The Board of Review will make a decision
and notify you by first class mail.
What if I am not satisfied with the Board of Review decision on my
appeal?
You have the right to file
an appeal with the Michigan Tax Tribunal. This appeal must be filed with
the Tribunal on or before June 30, of the current year.
Am I allowed to view
my appraisal records?
Yes! Most departmental
records are considered public record and are open for inspection during
normal business hours.
Assessing
Department Contact Information
Delhi
Township
Assessing
Department
2074
Aurelius
Rd.
Holt MI
48842
phone:
517-694-1502
fax:
517-694-3316
email
Office
hours:
M-F 8:00
a.m. -
5:00
p.m.
