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Real property

property tax

Property tax is a tax levied or assessed on the owner of property—often real property (real estate)—that is based on the property’s appraised value. Local governments often impose property taxes to finance their school districts, police departments, fire departments, and municipal projects such as construction and maintenance of streets and roads.

Most local government authorities (often counties) allow citizens to dispute or challenge the appraised value of their property through an administrative process initiated with the tax assessor or appraisal district.

In Michigan, property tax is a primary source of revenue for local governments and is levied on both real and personal property. The amount of property tax owed is based on the assessed value of the property, which is supposed to be 50% of its market value as determined by the local assessor. Property taxes fund essential services such as schools, police and fire departments, and infrastructure maintenance. Property owners in Michigan have the right to appeal their property's assessed value if they believe it is incorrect. This process typically begins with the local Board of Review, which meets in March. If the property owner is not satisfied with the decision of the Board of Review, they can further appeal to the Michigan Tax Tribunal. It is important for property owners to be aware of the deadlines and procedures for filing an appeal, as these are strictly enforced.

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Real property

property tax

Individual & Family Legal Plan

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Michigan State Code

Real property

property tax

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