Michigan Appraisals
Michigan Property Taxes, Michigan Property Tax Appeals
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Michigan Property Tax Appeals
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Michigan Home buyers want to know how much to offer for a house, sellers want to know how much to list a house for. Those seeking a property tax appeal want to know the market value of comparable homes in order to make adjustments to their home's worth. Variations in age, size, condition of the home, and other differences in amenities plus other factors weigh in on the overall market value of a home.
Michigan real estate agents can offer a CMA (Comparable Market Analysis) for houses in the area. This is a ball park figure. A more definitive figure is arrived at by obtaining an appraisal. A Home Market Value Appraisal gives a definitive value for the specific time frame in which the analysis was conducted. Prices range upward to $350.00 depending on the region in which you live.
Doing your own Home Market Value Appraisal is not rocket science. Investigating and doing it yourself will save you money and also give you an edge in negotiating. We suggest checking into the two options listed above (1) and (2).
If you desire to challenge your house property taxes and want to go the professional route, be prepared to open your wallet wide. Besides the appraisal fee, the appraiser will have to charge for a day's time at the municipal review. If you decide on hiring a professional mouthpiece, the attorney will not guarantee the result. You could lose the case and easily lose over a grand in the process. Again, we suggest checking into the two options listed above (1) and (2)
| Michigan Home Value Demographics | Michigan | USA |
Housing units, 2002 |
4,331,986 | 119,302,132 |
| Michigan Homeownership rate, 2000 |
73.8% | 66.2% |
| Housing units in multi-unit structures, percent, 2000 | 18.8% | 26.4% |
| Median value of owner-occupied housing units, 2000 | $115,600 | $119,600 |
| Michigan Households, 2000 | 3,785,661 | 105,480,101 |
| Persons per household, 2000 | 2.56 | 2.59 |
| Median household income, 1999 | $44,667 | $41,994 |
| Per capita money income, 1999 | $22,168 | $21,587 |
| Persons below poverty, percent, 1999 | 10.5% | 12.4% |
US Census Bureau
Michigan House Value, Home Appraisal Market Value, Property Tax Appeal Comparable Sales Information
(Statisics compiled from Bureau of Economic Analysis, an agency of the U.S. Department of Commerce)
The population of Michigan in 2003 was 10,082,364. Its rank was 8th in the nation. (The District of Columbia is included for ranking purposes.)
PER CAPITA PERSONAL INCOME
In 2003 Michigan had a per capita personal income (PCPI) of $31,178. This PCPI ranked 20th in the United States and was 99 percent of the national average, $31,472. The 2003 PCPI reflected an increase of 3.8 percent from 2002. The 2002-2003 national change was 2.2 percent. In 1993 the PCPI of Michigan was $21,129 and ranked 20th in the United States. The 1993-2003 average annual growth rate of PCPI was 4.0 percent. The average annual growth rate for the nation was 4.0 percent.
TOTAL PERSONAL INCOME
In 2003 Michigan had a total personal income (TPI) of $314,345,614. This TPI ranked 9th in the United States. In 1993 the TPI of Michigan was $201,574,154 and ranked 9th in the United States. The 2003 TPI reflected an increase of 4.2 percent from 2002. The 2002-2003 national change was 3.2 percent. The 1993-2003 average annual growth rate of TPI was 4.5 percent. The average annual growth rate for the nation was 5.1 percent.
Regions of Michigan: Copper Country | Keweenaw Peninsula | Upper Peninsula | Lower Peninsula | Metro Detroit | The Thumb | Western Michigan
Largest Cities: Ann Arbor | Canton | Clinton | Dearborn | Detroit | Flint | Grand Rapids | Kalamazoo | Lansing | Livonia | Pontiac | Rochester Hills | Shelby | Southfield | Sterling Heights | Taylor | Troy | Warren | West Bloomfield | Westland
Counties: Alcona | Alger | Allegan | Alpena | Antrim | Arenac | Baraga | Barry | Bay | Benzie | Berrien | Branch | Calhoun | Cass | Charlevoix | Cheboygan | Chippewa | Clare | Clinton | Crawford | Delta | Dickinson | Eaton | Emmet | Genesee | Gladwin | Gogebic | Grand Traverse | Gratiot | Hillsdale | Houghton | Huron | Ingham | Ionia | Iosco | Iron | Isabella | Jackson | Kalamazoo | Kalkaska | Kent | Keweenaw | Lake | Lapeer | Leelanau | Lenawee | Livingston | Luce | Mackinac | Macomb | Manistee | Marquette | Mason | Mecosta | Menominee | Midland | Missaukee | Monroe | Montcalm | Montmorency | Muskegon | Newaygo | Oakland | Oceana | Ogemaw | Ontonagon | Osceola | Oscoda | Otsego | Ottawa | Presque Isle | Roscommon | Saginaw | Sanilac | Schoolcraft | Schiawassee | St. Clair | St. Joseph | Tuscola | Van Buren | Washtenaw | Wayne | Wexford
Granholm signs property-tax relief bill; will cut taxes in some older neighborhoods By Amy Lane Jan. 04, 2006 11:32 AM
Gov. Jennifer Granholm has signed bills to allow Detroit and other Michigan communities to cut the property taxes of home owners in older neighborhoods. As reported in Crain’s Detroit Business’ Jan. 2 issue, the measures are designed to retain residents and stimulate investment and housing development in urban neighborhoods by allowing designated communities to cut property taxes for up to 15 years. For complete store click: Michigan Property Taxes
Michigan Property Taxes, Michigan Property Tax Appeals
House Values Directory For State Home Values
Michigan Home Values, Property Tax Appeals, Current Market Value, Comparable House Sales Information, Tax Roll Information, Property History