NY also has separate multi-tier assessed values versus taxable value. It's done for several reasons. Also - the towns establish their own percentages of what an assessment represents. In the town of Worcester NY where I am selling off right now - all property is assessed at 60% of actual value.
In regard to Michigan, I own two properties that were both reassessed when I bought them. NO splits. One in Presque Isle County and one in Alpena County. I took both to court via a judge sent from Lansing and I won with both. I'm talking about the actual assessment. So yes, it is done. Is it done legally? Perhaps not. That is why I fought them. But if a property owner does not fight it - it gets set in stone. By the way, my initial complaints with the local boards of review were useless. I used to be on the board of review in my area of NY and we did things with a bit more equity. Especially useless were the board members in Maple Ridge Township, Alpena County. Their collective attitude was - if the assessor puts a value on the property, it MUST be correct because he is an expert. What a joke!
One nice thing that Rick Snyder did is to change the tax law so that "virtual cap" stays in place if a family member transfers ownership of a house to another family member. We might be involved in one of those deals soon.
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