2015 DATES TO REMEMBER
June 1: Deadline for assessment petition to the Michigan Tax Tribunal (205.735a) for commercial and industrial real property and personal property.
June 1: Deadline for filing Principal Residence Exemption Affidavits (form 2368) for exemption from the 18-mill school operating tax to qualify for a PRE for the summer tax levy.
PA 74 of 1995 authorizes July Board of Review to hear appeals for poverty exemptions, but not for poverty exemptions denied by the March Board of Review. Applies to current year only (211.7u, MCL).
PA 74 of 1995 authorizes December Board of Review to hear appeals for poverty exemptions, but not for poverty exemptions denied by the March Board of Review. Applies to current year only (211.7u, MCL)
The Assessor’s Office is responsible for identifying and valuing all taxable real and personal property in White Lake Township. We annually produce the ad valorem real and personal property assessment rolls in accordance with Michigan’s General Property Tax Laws. There are approximately 12,135 real property parcels and about 500 personal property parcels.
PROPERTY TAX ASSESSMENTS
Notices of annual changes in property tax assessments are mailed to all residents each year at the end of February. Residents who wish to appeal the assessed or taxable value of their property by the Assessor's Office must do so to the local Board of Review. The Board of Review meets annually in March. The dates for the meetings are included in the annual notice. Hearings for the Board of Review are by appointment only or by letter. Letters must be received before the last day of the scheduled Board of Review meetings. Residents who appeal their values will need to provide market evidence if they believe that the assessment on the property is incorrect. Property owners are strongly encourage to stop by the Assessing office to verify that the information in our records accurately reflect your property.
Residents may also appeal to the Board of Review (in both July and December) if the taxes levied against their property create a financial hardship. To appeal based on hardship, you must complete an application through the Assessor's Office.
PROPERTY TRANSFER AFFIDAVITS AND HOMESTEAD EXEMPTION AFFIDAVITS
To file a property transfer affidavit and/or a principal residence exemption you need to deliver in person or mail, either affidavit to the Assessor's Office. The transfer affidavit needs to be in our possession within 45 days of the transfer to avoid penalty. The homestead exemption affidavit must be received by May 1st of the year following the transfer.
LAND SPLITS AND COMBINATIONS
To facilitate a legal split or a combination of land in White Lake Township, you must submit an application to do so, in the Assessor's Office.
Assessments are estimated at 50% of the properties Market Value. However, property owners pay taxes bases on the properties Taxable Value.
Taxable Value is the lesser of the Assessed Value (SEV) or the prior years taxable value minus losses, increased by the lesser of 5% or the Consumer Price Index, plus additions. A transfer of ownership will change the taxable value to the assessed value in the year following the transfer of ownership.
The following is a simple demonstration of how taxes are calculated. There are two types of property tax levied in the State of Michigan, Homeowner's Principal Residence and Non-Principal Residence.
The formula for calculating taxes is:
Taxable Value x Millage
A sample calculation based on an approximate millage rate for a Principal Residence is illustrated below for your assistance in understanding how property tax bills are calculated.
Example: Assume the Taxable Value of your Principal Residence property is $100,000 and the millage rate is 32.7624. Your tax bill would be calculated as follows:
$100,000 x .0327624 = $3,276.24
Please remember the Assessing Department does not compute or collect property taxes. This example is only intended to provide a simple explanation of the process. For a more detailed explanation, you should contact the Treasurer's Office.