MBOR Decision.pdf
Matthew T Kassab, Saad Kassab, Petitioners V Township Of West Bloomfield, Respondent · 25-002969-TT
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** Notice of March Board of Review Decision ** FROM CHARTER TOWNSHIP OF WEST BLOOMFIELD (248) 451-4850 3/18/2025 BOARD OF REVIEW 4550 WALNUT LAKE ROAD WEST BLOOMFIELD, MI 48323 NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL: KASSAB, MATTHEW & KASSAB, SAAD PROPERTY 5780 PUTNAM IDENTIFICATION: WEST BLOOMFIELD MI 48323-3724 X -18-25-201-066 SCHOOL DISTRICT: BIRMINGHAM CITY SCHOOL DIST PROPERTY ADDRESS: 5780 PUTNAM THIS PROPERTY IS CLASSIFIED AS: 401 (RESIDENTIAL-IMPROVED) PRIOR YEAR'S CLASSIFICATION IF DIFFERENT: HOMESTEAD PERCENT: 100% The Board of Review has examined your 2025 Assessed Value and/or Capped Value and has made the following decision. PETITION NUMBER: 77 DATE: 03/10/2025 CHANGE REASON: Assessment Determined to be Ac FROM To CHANGE 1. ASSESSED VALUE: 496.250 496.250 0 2. CAPPED VALUE: 474,383 474,383 0 3. TAXABLE VALUE: 474,383 474,383 0 4. TENTATIVE EQUALIZATION FACTOR: 1.000 5. STATE EQUALIZED VALUE: 496,250 | 496,250 | 0 6. There WAS/WAS NOT a transfer of ownership on this property in 2024: WAS NOT If there was a transfer of ownership on your property in 2024, your 2025 Taxable Value will be the same as your 2025 State Equalized Value. If there was not a transfer of ownership on your property in 2024, the Capped Value Formula is used. The 2025 Capped Value Formula is the 2024 Taxable Value, minus Losses, increased by the Inflation Rate Multiplier of 1.031 plus Additions. Taxable Value is the lower of Assessed Value or Capped Value. Your taxes are levied on the Taxable Value. Further appeal of valuation may be made to the Michigan Tax Tribunal by May 31, 2025 for commercial real, industrial real, developmental real, commercial personal, industrial personal, and utility personal property. The final date for further appeal to the Michigan Tax Tribunal of valuation for agricultural real, residential real, timber cut-over real, and agricultural personal property is July 31, 2025. 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 www.michigan.gov/TaxTrib. Property Classification Appeals ONLY can be appealed to the State Tax Commission by June 30, 2025 at: State Tax Commission, Classification Appeals, PO Box 30471, Lansing MI 48909. CHARTER TOWNSHIP OF WEST BLOOMFIELD BOARD OF REVIEW