• December 2024 Board of Review
• March Board of Review Dates/Times
• 2024 Sales Data by Area
• Sales Data Page Index
• Information about the Board of Review Process-Appealing
• Frequently Asked Questions
• Petition Instructions for Board of Review
• Board of Review Petition Form L-4035
• Michigan Tax Tribunal Information
• 2024 Industrial ECF Analysis
• 2024 Commercial ECF Analysis
• 2024 Land Analysis
• 2024 Residential ECF Analysis

All persons protesting their assessment must complete a petition (form L-4035).

The following is a brief description of the four common values examined by Michigan Assessors:

Assessed Value (AV): 50% of true cash value (i.e. the usual selling price between a buyer and seller and synonymous with market value).

State Equalized Value (SEV): the assessed value resulting after county and state equalization processes.

Capped Value (CV): the parcel’s prior year’s taxable value multiplied by the consumer price index or 5%, whichever is less, unless there is a physical change in the property.

Taxable Value: the lesser of the assessed value or capped value unless there is a transfer of ownership. When a property transfers ownership, then its taxable value is uncapped in the year following the transfer of ownership and its taxable value is the same as its state equalized value (i.e. assessed value)

Assessed value is based on the statutory standard of value identified as true cash value. True cash value, as used by assessors, is defined as, in pertinent part (MCL 211.27(1):

“…the usual selling price at the place where the property to which the term is applied is at the time of assessment, being the price which could be obtained for the property at private sale, and not at auction sale except as otherwise provided in this section, or at forced sale…usual selling price may include sales at public auction held by a non-governmental agency or person when those sales have become a common method or acquisition in the jurisdiction for the class of property being valued…usual selling price shall not include sales at public auction where the sale is part of liquidation of the seller’s assets in a bankruptcy proceeding or where the seller is unable to use common marketing techniques to obtain the usual selling price for the property…”