Is it possible to have a 129.9 percent Taxable Value increase

Profile picture for litlbit59
I purchased vacation proberty in St Joseph Co, MI in 2010. In 2010 my Assessed Value was $24,100 and my Taxable Value was $12,436. This year (2011) my Assessed Value is $28,600 and the Taxable value is also  $28,600. I don't understand the drastic increase and can't seem to get a answer from St Joe's web site. What do you think. Thank you, Karen Johnston
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December 29 2011 - Colon
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Answers (5)

Profile picture for litlbit59

Thanks everyone. I'll get hold of the assessor Monday and find out the answers to these questions. I appreciate your help. Karen

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December 31 2011
Profile picture for the_country_hick
 When was the last assessment done? If it was done 10 years ago and just done again the value could easily rise that amount to reflect different prices compared to back then.

It is also possible they changed some formula. Contact the people using the phone and ask what happened.
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December 30 2011
Profile picture for litlbit59
Thanks for commenting. I got the property from my parents so the sale is listed as $0. It's an old trailer on channel front property. Very small lot. No improvements except we painted it, had a new furnace and central air put in and replaced some boards on the porch that were rotten, all about 5 years ago but that's it. Karen
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December 30 2011

I see that the assessed value only went up by $4,500. That's an 18.7% increase in value. I would ask in any improvements were done between the two assessment years. I would also ask to recent sales indicate that values needed to be increase or did the assessor change some information in the appraisal model do to the current sale; i.e. quality of the interior, bath count, fireplaces, bedroom count etc. This is assuming this is an improved property. 

Taxable Value increase may have increased due to a state statute or classification in use. Was there any change in taxing classifications that would have you being taxed at full value?

This can all be done by making a call to the assessor's office without formally making an appeal or filing for tax court. If this does not clear things up, you may file an office appeal at the proper time of year through the board of appeals and equalization before you need to file for tax court.

 
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December 30 2011
Profile picture for Pat Pribisko


Following is what I were you: First, I suggest that you talk to someone in the County Assessor's/Auditor's office about filing a property tax appeal. Next, I suggest you contact an attorney, in St.Joseph County, MI, who handles residential real estate matters, to discuss the property appeal process & what he/she would charge to represent you. If you financed your purchase, you should have a copy of the appraisal to use for data. If you paid cash for the property, you can ask your Realtor to provide statistics for you, such as a CMA (Comparative Market Analysis).



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December 29 2011
 

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