For estimation purposes, this is assumed to be ½ of estimated market value entered. Taxable value is the value utilized for property tax calculation purposes. For your exact taxable value contact your applicable governing unit assessors office.
Note: Community Members may be eligible for the Michigan Homestead Property Tax Credit (the "Credit"). The Credit is a method through which some taxpayers can receive a credit for an amount of their property taxes that exceeds a certain percentage of household income. This program establishes categories under which homeowners or renters are eligible. We would recommend that community members consult their tax provider for eligibility and further information.
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