Assessor

Mellissa Hayduk
(810) 304-3199

• Land Division Application
• Property Transfer Affidavit Form
• Homeowner's Principal Residence Exemption Affidavit
• Rescind Homeowner's Principal Residence Exemption Affidavit

Assessed value definition is 50% of market value of property (What you could sell for).

Taxable value definition is 1994 assessed value plus the rate of inflation each year since. Also includes value of new construction since 1994. When a transfer of ownership occurs, taxable value in the following year must equal the assessed value. This is called uncapping.

Sample Calculation of taxes:

When using millage rates the decimal point must be moved 3 places to the left before multiplying it by the Taxable Value, i.e. Yale Schools Homestead millage rate would be .0300001: