We are pleased to provide you with the following information about Township taxes. If you have any questions, please feel free to call the Township Treasurer at 887-8863.
Taxable Value
This value is used to calculate your tax bill.
This value increases each year by the inflation rate (as determined by the State Tax Commission; 2.3% for 2008), but not more than 5%, and not higher than the Assessed Value. The value of new construction is also added.
If a property is transferred to a new owner, the Taxable Value is ‘uncapped’ – made equal to the Assessed Value.
Assessed Value
This value is
half of the fair market value of your property.
This value changes each year based
on the expected sale price of your property as determined by the assessor. The assessor studies groups of actual sales in
neighborhoods, taking into consideration the description of your property (land
value, building age and size, etc.), sales studies from
In February of each year, property owners receive a "Notice of Assessment", which states the new Taxable and Assessed Values for that year. Review this notice! If you don't understand or you disagree, please call the assessor. You may also schedule an appointment at the March hearings of the Board of Review.
Taxes
Your tax bill is calculated by
multiplying the Taxable Value and the millage rates (divided by 1000), plus a
1% administration fee.
2007 Millage Rates