The Assessed Value must not exceed 50% of the True Cash Value of the property. The Assessor's Office uses mass appraisal techniques to determine the true cash value of each property every year and set the Assessed Value at 50% of the True Cash Value.
Real Property Tax
If you own property, you'll receive a property tax statement every year. The Assessor's Office is responsible for determining Assessed Value, Taxable Value, and Capped Value for your property.
The Taxable Value is determined by the lower of the Assessed Value or the Capped Value. Properties that transferred ownership in 2025 will have the Taxable Value set to the Assessed Value for the 2026 tax year.
Taxable Value is the basis of the property tax in Michigan and is multiplied by the millage rate to determine the tax amount each year.
Capped Value is a calculation of the previous year’s Taxable Value multiplied by the Inflation Rate Multiplier and adjusted for any physical changes in the property. (The inflation rate multiplier is based on a two year average of the Consumer Price Index CPI).
The Inflation Rate Multiplier for 2026 is 1.027
Assessment Notice Information
If you own property that is not exempt, you'll receive an Assessment Notice every year in January.
The Assessor's Office is responsible for determining Assessed Value, Taxable Value and Capped Value for your property.
Exemptions
There are multiple real property tax exemptions available for those who meet the qualifications. The most common real property tax exemption is the Principal Residence Exemption (PRE).
Principal Residence Exemption Disabled Veterans Property Tax Exemption Poverty Property Tax Exemption Property Tax Exemption for an Organization
Real Property Annual Review Program
The Assessor's office reviews a portion of the properties in the City every year. This process includes:
- Updating the exterior photo of the property
-
Reviewing aerial photos
- Reviewing the condition of the structure
Forms
- Application for Deferment of Summer Taxes (State of Michigan)
- Principal Residence Exemption Affidavit (State of Michigan)
- Rescind Principal Residence Exemption (State of Michigan)
- Conditional Rescission of Principal Residence Exemption (State of Michigan)
- Active Duty Military Principal Residence Exemption (State of Michigan)
- Property Transfer Affidavit (State of Michigan)
- Request for Nonconsideration Value Changes due to Repairs and Maintenance (State of Michigan)
- Senior Citizen and Disabled Persons Deferment of Special Assessment Application (State of Michigan)
- Application for Obsolete Property Rehabilitation Certificate (State of Michigan)
- Dwelling Unit Conversion
- Authorization for Alternate Taxpayer
- Address Change Request
Appeals
Appealing your assessed value or a special assessment is an option, but you'll need to file an appeal on time using the forms below.
Appeal the Assessed Value of Your Property Appeal a Special Assessment for Your Property
Combine or Divide Property
Would you like to combine multiple adjoining properties that you own into one property? Would you like to change the lot lines of a property you own? You're in the right place!
