Signed Petition.pdf
Stambaugh Apartments LP Petitioner Vs. City Of Iron River Respondent · 26-002143-TT
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR Stambaugh Apartments LP MICHIGAN TAX TRIBUNAL Petitioner( s) V MTT Docket No. _____ _ City of Iron River Respondent( s) ENTIRE TRIBUNAL PROPERTY TAX PETITION 1. Property Parcel No: _0_55-0_3_6-04_1_-0_0 ______________ _ (If more than one parcel is at issue, attach a completed Multiple Parcel Petition Form addressing all other parcels at issue.) 2. The property identified above is _x _real _personal. 3. If more than one parcel of real property is under appeal, are the properties contiguous? _Yes _No. (If no, separate Petitions are required for each non- contiguous parcel.) 4. Are all of the parcels of personal property located on a parcel of real property under appeal? _Yes _No. (If no, separate Petitions are required for each parcel of personal property not located on a parcel of real property under appeal.) 5. If parcels of personal property are under appeal, when were the personal property statements filed by parcel number (attach additional page if necessary): 6. The property identified above is classified as _40_1_re_s_id_en_ti_aI ______ _ 7. If the assessment or assessments at issue were protested, the protest was made to Respondent's_ March _ July _December Board of Review. MICHIGAN TAX TRIBUNAL · 611 W. OTTAWA ST., LANSING, Ml 48933 • 517-335-9760 PO BOX 30232. LANSING. Ml 48909 • Other Carriers: 2407 N. GRAND RIVER AVE., LANSING, Ml 48906
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MTT Docket No. ______ _ Page 2 of 4 8. If a protest was required and no protest was made, list the separate and specific facts upon which Petitioner relies to invoke the Tribunal's authority over the assessment or assessments at issue (attach additional page if necessary): At the time of the Board of Review, sufficient information and supporting documentation were not yet available to properly evaluate the assessment. After further review of market data and valuation information, it appears the taxable value and assessed value may exceed fair market value. 9. If the appeal was not submitted by the deadline for the filing of an appeal for the classification or classifications of the properties at issue (i.e., May 31 or July 31 of the tax year involved), list the separate and specific facts upon which Petitioner relies to invoke the Tribunal's authority over the assessment or assessments at issue (attach additional page if necessary): 10. The property or properties at issue are located in _rr_on ______ County. The property or properties' address is: 11601 Stambaugh Ave., Iron River, Ml USA 11. The assessment or assessments at issue were established by the (applicable local governmental unit): _C--'ity;_o_f_lr_on_R_iv_e_r ____________ _ 12. Petitioner's legal residence or principal office address is: 325 Commerce Ct., Gladwin, Ml 48624 13. This appeal involves issues relating to the (check all that are applicable): x the property or properties' true cash and taxable values ____ the property or properties' taxable value only If the property or properties' taxable value is at issue, is there a dispute as to the value of an addition or loss? _ Yes _No ____ uniformity of the property or properties' assessment ____ the property or the properties' exemption from ad valorem taxation underMCL --- 14. The tax year(s) at issue are: _2_02_6 _______________ _
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MTT Docket No. ______ _
Page 3 of 4
15.
16.
If more than the current tax year is being appealed, list the separate and specific
facts upon which Petitioner relies to invoke the Tribunal's authority over the prior
tax ear or ears attach additional page if necessa['{"-'-: __
The values for the property identified above as established by Respondent's
Board of Review are:
Tax Year
True Cash Value
Assessed Value
Taxable Value
2026
$1,024,680
$512,340
$320,852
17.
Petitioner contends that the values for the property identified above are:
Tax Year
True Cash Value
State Eaualized Value
Taxable Value
2026
$539,160
$269,580
$269,580
18.
The values in dispute for the property identified above are:
Tax Year
True Cash Value
State Eaualized Value
Taxable Value
2026
$1,024,680
$512,340
$320,852
19.
Petitioner requests the following relief (attach additional page if necessary):
Reduce taxable value and assessed value to $269,580.
20.
List the separate and specific facts upon which Petitioner relies to support the
relief requested (attach additional page if necessary):
I believe the taxable value and assessed value of the property exceeds current market value and is not
supported by the property's actual income-producing ability, condition, and prevailing market conditions.
The valuation may not adequately account for factors such as deferred maintenance, operating
expenses, vacancy, capitalization rates, functional obsolescence, and market-supported income
assumptions. I am requesting a review and adjustment to ensure the assessment reflects fair market
value as of tax day in accordance with applicable Michigan property tax law.Page 4
MTT Docket No. ------- Page 4 of 4 Signature of Pe ·tioner's Authori Representative or, if none, Petitioner: Printed Name of Petitioner's Authorized Representative or, if none, Petitioner: Chad DeShano, Manager of DeShano Investments, LLC, GP of Stambaugh Apartments LP Email Address: Boone@DeShano.com Mailing Address: 325 Commerce Ct. Gladwin, Ml 48624 Telephone Number: --'-(9_a_9)4_26_-2_s_2_1 ___________________ _ Date: 61112026