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Michigan Department of Treasury
L-4400
THIS IS NOT A TAX BILL
1019 (Rev. 11-13)
Notice of Assessment, Taxable Valuation, and Property Classification
This form is issued under the authority of Public Act 206 of 1893, Sec. 211.24c and Sec.211.34c, as amended. This is a model assessment notice to be used by the local assessor.
FROM:
PARCEL IDENTIFICATION:
PARCEL CODE NUMBER:
PROPERTY ADDRESS:
PRINCIPAL RESIDENCE EXEMPTION
NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL:
.00%
% Exempt As “Homeowners Principal Residence”:
% Exempt As “Qualified Agricultural Property”:
.00%
.00%
% Exempt As “MBT Industrial Personal”:
.00%
% Exempt As “MBT Commercial Personal:”
Exempt As “Qualified Forest Property”:
Yes
No
ACCORDING TO MCL 211.34c THIS PROPERTY IS CLASSIFIED AS:
PRIOR YEAR’S CLASSIFICATION:
CURRENT
CHANGE FROM
The change in taxable value will increase/decrease your tax bill for this year by
PRIOR AMOUNT
TENTATIVE AMOUNT
PRIOR YEAR TO
approximately:
YEAR: 2013
YEAR: 2014
CURRENT YEAR
1. TAXABLE VALUE:
2. ASSESSED VALUE:
3. TENTATIVE EQUALIZATION FACTOR:
4. STATE EQUALIZED VALUE (SEV):
5. There WAS or WAS NOT a Transfer of Ownership on this property in 2013:
The 2014 Inflation Rate Multiplier is: 1.016
March Board of Review Appeal Information:
The Taxable Value, the Assessed Value, the State Equalized Value, the Property Classification, or the Transfer of Ownership may be appealed by filing a protest
with the Local Board of Review. Protests are made to the Board of Review by completing a Board of Review Petition Form. A Petition Form may be obtained
directly from the local unit or from the State Tax Commission at Click on Forms (at top of page), then click on Property Tax, then click
on Board of Review to obtain Form L-4035.
The Board of Review will meet at: (enter dates and times and place)
Not less than 14 days before the meeting of the Board of Review, the assessment notice shall be mailed to the property owner.
Property taxes are calculated on the Taxable Value (see line 1 above). The Taxable Value number entered in the “Change from Prior Year to Current Year” column,
does not indicate a change in your taxes. This number indicates the change in the Taxable Value.
State Equalized Value is the Assessed Value multiplied by the Equalization Factor, if any. State Equalized Value must approximate 50% of market value.
IF THERE WAS A TRANSFER OF OWNERSHIP on your property in 2013, your 2014 Taxable Value will be the same as your 2014 State Equalized Value.
IF THERE WAS NOT A TRANSFER OF OWNERSHIP on your property in 2013, your 2014 Taxable Value is calculated by multiplying your 2013 Taxable Value
by 1.016 (Inflation Rate Multiplier for the current year). Physical changes in your property may also increase or decrease your Taxable Value. Your 2014 Taxable
Value cannot be higher than your 2014 State Equalized Value.
The denial of an exemption from the local school operating tax for “qualified agricultural properties” may be appealed to the local Board of Review. The denial of
an exemption from the local school operating tax for a “homeowner’s principal residence” may be appealed to the Michigan Tax Tribunal by the filing of a petition
within 35 days of issuance of this notice. The petition must be a Michigan tax Tribunal form or a form approved by the Michigan Tax Tribunal. Michigan Tax
Tribunal forms are available at taxtrib.
Filing a protest with the Board of Review is necessary to protect your right to further appeal valuation and exemption disputes to the Michigan Tax Tribunal and
classification appeals to the State Tax Commission. Properties classified Commercial Real, Industrial Real or Developmental Real may be appealed to the
regular March Board of Review or to the Michigan Tax Tribunal by filing a petition by May 31. Commercial Personal, Industrial Personal, or Utility Personal Property
may be appealed to the regular March Board of Review or to the Michigan Tax Tribunal by filing a petition by May 31 if a personal property statement was filed
with the local unit prior to the commencement of the Board of Review as provided by MCL 211.19.
The petition must be a Michigan Tax Tribunal form or
a form approved by the Michigan Tax Tribunal.
Michigan Tax Tribunal forms are available at taxtrib.
HOMEOWNER’S PRINCIPAL RESIDENCE AFFIDAVIT INFORMATION REQUIRED BY P.A. 114 OF 2012. If you purchased your principal residence after May 1
last year, to claim the principal residence exemption, if you have not already done so, you are required to file an affidavit by June 1 for the immediately succeeding
summer tax year levy and all subsequent tax levies or by November 1 for the immediate succeeding winter tax levy and all subsequent tax levies.