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Re: O.T. Property Tax Accessment
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Posted by kyhayman on March 08, 2005 at 19:49:02 from (205.188.117.7):
In Reply to: O.T. Property Tax Accessment posted by Frank (N.Mi.) on March 08, 2005 at 16:48:11:
Ive heard that MI has a rough property tax system. I really have to say that, at least in one county, I cant complain. Our property taxes are limited to 4% increase (county wide) plus new growth. In the county where I have the main farm, my total bill has gone up $4 in 14 years (went down for 4 years straight due to rising values that cut the rate and the ag value didnt change). Other county (where my house and my dads farm is) uses a different convention (they have a choice of 4 but still cap total tax receipts at 4% plus new growth). My rate has dropped but my assessment has gone up 50% in 4 years. Tax bill goes up about $100 a year. Sad part is, Id sell the house for what its assessed.
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