For instructions on how to read and understand your Assessment Change Notice click HERE
The Peninsula Township is staffed by one full-time
assessor, Sally A. Akerley.
The Assessing Department is responsible for identifying
and valuing all taxable real and personal property within the township. Peninsula
Township has approximately 4,200 parcels.
The Assessor determines values through an analysis of
recently sold properties. By law, assessments must be set at 50% of the True
Cash Value (Market Value). There are three key value components to each
property. These must be calculated every year.
* State Equalized Value (SEV): Half of Market Value
* Capped Value:
(Last Year’s Taxable Value – Losses) x
Consumer Price Index + Additions
* Taxable Value (TV): The lesser of: SEV or Capped
Value
In addition, the Assessing Department is responsible for:
* Maintaining property record cards for each parcel
within the unit…these records include legal descriptions, land values, land
improvements, building information, exemption status, value-enhancing
amenities, zoning information, etc.
* Creating and maintaining an Assessment Roll annually.
* Maintenance of all sales transactions on both vacant
and improved properties; identifying and recording all new ownerships,
processing related Property Transfer Affidavits, Homeowner’s Principal
Residence Exemptions and Requests to Rescind.
* Establishing land values throughout the township
annually.
* Field inspections of all new construction projects and
updating the property record cards accordingly.
* Land Division requests and processing.
* Periodic inspections of all real property parcels.
* Defending appeals to the Michigan Tax Tribunal.
Assessment Change Notices are out. This is the taxpayer's opportunity to review important information pertaining to their property. Please be sure to examine valuations, classifications, legal descriptions and exemption status. Click