So many people are confused on how Michigan property taxes work, one of the keys is to understand what SEV (state equalized value) definition is. SEV (STATE EQUALIZED VALUE) – is 1/2 the market value the city assessor assigns your property. So if …
How Michigan property taxes work – SEV state equalized value – part 6 Read more »
You got your Michigan tax assessment and you have no clue how to read and understand your Metro Detroit property tax statement. How do you know whether your tax bill has gone up or down. There are two numbers on your Michigan property …
What is the difference between SEV and Taxable value when talking about how Michigan property taxes? SEV stands for State Equalized Value. The local city assessor or township assessor determines a value of your property. Some say it is the market value or cash value …
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Will my Michigan property taxes go up after I buy the home? I hope I can explain how Michigan property taxes work a little better. When you buy a house the taxes you see may not be the taxes you have next year. Why …
So how do Michigan property taxes work? To explain Michigan property taxes is not easy. But to break it down there are 2 ways Michigan properties are taxed. The are either homestead or non-homestead taxes. Michigan Homestead taxes – if you live in the property as your …
How Michigan Property taxes work – homestead taxes and non-homestead taxes part 1 Read more »