You can also obtain worksheets of similar type of homes recently sold in the area which the assessor is using to determine your home value. On a separate sheet of paper work through the home area and tax calculations. The assessor may agree to change some of the information or figures at that time, or you may have to make your case with the local Board of Review. Michigan law suggests that homeowners get a one percent deduction in house property assessments for every year old the home is up to 45 years old. The worksheet contains other information such as style of your home, utilities, construction date, number of baths, fireplaces, kitchen range hoods, etc.
Mistakes do occur.
The assessor uses recently sold homes to estimate the value increase in your home. However, the recently sold homes may be painted and repaired to a condition and hence value greater than our homes which are not currently on the market. All wiring, plumbing, and other features may be brought up to code on recently sold homes. Sometimes we simply cannot afford necessary repairs or procrastinate and live with defects today which will be improved before a future home sale. Therefore it is necessary for you to perform a complete home inspection.