Your Tax Assessment

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Your Tax Assessment

• Does the amount matter?

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• What are my current taxable and assessed values?
• Where can I find out?
• Annual Notice of Assessment
• Cantons Websitehttp//www.canton-mi.org/Treasure
  r/faq.asp

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• Why does it matter what the numbers are?
• TV (Taxable Value) - the actual amount you pay
  taxes on
• SEV (State Equalized Value) - approximately
  one-half of the true value of your home will
  become the taxable value for a new home owner

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Comparison of Two Homes

• Original Purchase - 270,000 in 1998
• Current SEV 193,330
• Current TV 170,150
• 2007 Total Taxes 5,550
• Purchase - 416,000 in 2004
• Current SEV 213,250
• Current TV 213,250
• 2007 Total Taxes 6,960

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Can You Challenge It?

• Original Purchase - 405,000 in 2004
• 2005
• SEV TV 205,410 Tax 6,765
• 2006
• SEV TV 211,570 Tax 6,906
• Updated 205,000 Tax 6,691
• 2007
• SEV TV 206,440 Tax 6,738
• Updated 190,000 Tax 6,201

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Where are we now?

• Sales 7/1/06 to Now
• 10/4/06 46524 Crosswick 375,000
• 1/5/07 1780 Hendrie 350,000
• 3/30/07 1516 Hereford 350,000
• 5/18/07 46908 Wareham 346,000
• 8/8/07 1540 Hendrie 350,000
• 9/11/07 1272 Kennebec 329,000
• Houses for Sale
• 2055 Hendrie 1540 Hereford
• 1203 Hereford 46836 Wareham
• 1224 Kennebec 2103 Hendrie
• 46549 Crosswick