Assessing Department
Overview of Assessments
Proposal A has simplified property
taxation for the individual property owner by providing specific state
mandates. Taxable Value will increase each year by the Inflation Rate
Multiplier as determined by the
state, but state law allows no increase greater than 5% per year. The State
Tax Commission determines the Inflation Rate Multiplier each year. The
Taxable Value is what we pay taxes on, not the assessments.
Once the assessments are established, the Marysville City Assessor's primary
job is to maintain the assessments by reviewing sale records, home
improvement projects, developments, and market trends yearly and update
physical records on each property for the parcels. Assessment notices are
sent out to all property owners in late February/early March.
City of Marysville's Board of Review (BOR) will meet during the month of March to hear appeals regarding any problems with individual property owners. To schedule an appeal to the BOR, call the Assessor's department at City Hall between 8:00 am - 4:30 pm, Monday through Friday. The assessment notice will specify the dates and times. Individuals may can also appeal by letter during that time. Please note that all appeals must be made prior to the last meeting of the Board of Review. The individual property owners have the right to appeal before the Michigan Tax Tribunal, but only after 1) appearing at the Board of Review in March, and 2) providing a letter to the Tribunal before the last day of June.
In Michigan, the State
Constitution requires that all assessments reflect 50% of Fair Market Value.
Also, it requires that the taxable value may increase by the Inflation Rate
Multiplier or no greater than 5% per year. There are some
exceptions to the taxable value rule.
HOMESTEAD AFFIDAVITS and PROPERTY TRANSFER
AFFIDAVITS effect the taxes you pay. Any time you make any type of
Ownership (name) change to your property, you may need to file a Property
Transfer affidavit and a Homestead affidavit. When in doubt please contact
your Assessor's Office either in person, by telephone, or on-line at
assessor@cityofmarysvillemi.com
