My Notice of Assessment Arrived in the Mail; What Does It Mean?

You ask, Patch answers.

"You Ask, Patch Answers" is where we strive to find answers to all your questions—big, small and in-between—about the town we live and work in.

Whether it’s something you’ve always wondered about, some information you just can’t put your hands on or a sudden curiosity, we want to hear it.

Send your queries to judycdavids@gmail.com or leave them in the comments section below, and I will do my best to dig up an answer for you. You also can call me at 248-672-5418.

Patch reader Fran writes: "Mail came today.  The City says my home's taxable value went up $1,000, and it's state equalized value went down $9,000.  Both say it's tentative.  This sounds a little out of line here to me.  I'm thinking the taxable value should have gone down also, or the equalized value gone up.  I'm confused!  Does anyone know what's up? Anyone out there have the same situation?"

To answer Fran's, Patch asked City Manager Don Johnson. Here  is what he said:

"State equalized value is 50 percent of market value.  It is the maximum that taxable value can be," Johnson said.  "Taxable value is a calculated number that no longer bears any relationship to market value or state equalized value.  It can and will increase with inflation even while state equalized value falls as long as it remains less than state equalized value."   


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