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ASSESSMENT CHANGE NOTICES
Tax day is December 31 of each year. The assessed and taxable values are based
upon that date. The principle resident exemption ( homestead)
affidavit form must be filed by June 1 of each year. Once you have
filed for the homestead status, that exemption stays in place until
the owner/resident moves or sells the property.
The year
following a sale/transfer, the taxable value is uncapped. The
taxable value becomes the same as the assessed value. This is part
of the changes made with the passage of Proposal A several years
ago.
Thus, if you purchased a property, the former assessment
may have been 40,000 with a taxable value of 23,456 as the former
owners had this property prior to proposal A. The new owner
assessment may become 45,000 and the new taxable value becomes
45,000.
The equalization process of determining values for
all properties continues as established by law. Proposal A changed
the manner of determining the taxable value for the properties. The
taxable value is the amount used to determine the amount of tax
dollars collected each tax season. The yearly CPI amount is
determined by Lansing and is applied each year to the taxable value
amounts.
It is vital for the assessor to have the correct
ownership, transfer, principle resident information. This all
affects the tax billing.
Hayes Township has two tax billings:
July and December.
The assessment roll is changed each year
and in February, the changes are sent to the owners/taxpayers for
their information. The forms contain the assessed values and the
taxable values, the description of the property, and the dates and
times of the board of reviews.
Please read the notice
carefully and contact Mary Sanders with any questions and
Corrections. Mail: 7200 Hayes Tower Road Phone: 989 732 4206
E mail:
msanders@freeway.net |