01._Property_Tax_Appeal_Petition_Form_Valuation_Poverty_Classification.9e644edc-f766-41e4-9c3c-0c51fbd61870.pdf
Richnett Holdings LLC, Petitioner V City Of Midland, Respondent · 25-002705-TT
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING ORLENE HAWKS DIRECTOR PROPERTY TAX APPEAL PETITION FORM VALUATION / EXEMPTION / CLASSIFICATION APPEAL MOAHR DOCKET NO. Do not use this form to appeal Principal Residence Exemption, Qualified Agricultural Exemption, Special Assessment, or Non-Property tax disputes. Pursuant to Michigan Tax Tribunal Rule (TTR) 277(3), you MUST submit a copy of the notice giving rise to the appeal (e.g. Board of Review Decision or Notice of Uncapping) with this Small Claims Petition, if applicable. If you do not submit this document, you may be held in default. Section 1: Petitioner’s Contact Information Filer Type: Individual First Name Richnett Holdings LLC M.I. Last Name/Company Name Richnett Holdings LLC Mailing Address (No., Street, P.O. Box or Rural Route) 5205 Huntington Dr City or Town Midland State Michigan ZIP Code 48640 Telephone Number 989-600-7331 Fax Number E-mail Address tom@venue63.com Section 2: Petitioner’s Attorney/Authorized Representative’s Contact Information First Name Thomas M.I. P Last Name Dennett Firm Name (if any) Address (No., Street, P.O. Box or Rural Route) 5205 Huntington Dr City or Town Midland State Michigan ZIP Code 48640 Telephone Number 989-600-7331 Fax Number E-mail Address tom@venue63.com Section 3: Subject Property Information How many parcels are you appealing? 1 If you are appealing more than one parcel, are they contiguous or adjoining? *If no, you must file separate appeals for each non-contiguous or non-adjoining parcel. Property Address (No., Street, City, ST, ZIP) [If multiple, list first property’s address] 1517 Bayliss St
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING ORLENE HAWKS DIRECTOR Midland Michigan 48640 Taxing Authority (City or Township) City Of Midland (MIDLAND) County Midland Section 4: Issues Being Appealed (check all that apply) True Cash and Taxable Value Section 5: Explain the Reason for this Appeal Late filing explanation. I called and was told I can file and give explanation for late filing. I looked at the filing deadline date incorrectly. Thinking it was July 31st, I went to work on filing the appeal and I notice the dates. My wife and I have a business at this address that she was the primary manager for. She had a stroke in December so taking on her responsibilities, a regular job, her medical and recovery needs, and dealing with the administration of all the medical bills kept the plate full. We hope the tribunal will still consider our appeal We bought the property in May of 2024. Less than a year when the assessed value and taxable value were determined by the City. We feel the value should be based on the purchase price and professional appraisal as it was so recent. That is the value of the property. The city used a property as a comparable that is the new property of subject properties previous owner. A former church that is two times the square footage. We don’t see that as a comparable property. But the value is determined by what the property can sell for and that is clear from the professional appraisal needed for financing and the actual sale. We understand our property tax supports the services the city provides and we appreciate that. But we want it to be based on a fair value, which the what we just purchased it for. That is its value. We made to structural changes to the property in that time. Deferred maintenance, landscaping, and cosmetic updates where addressed after purchase . Section 6: Jurisdictional Issues Year(s) you are appealing: 2025 Did you protest the assessment at a Board of Review (BOR)? Yes If Yes, check which BOR you attended AND upload the BOR decision: March If No, check the applicable reason(s): Did you request a Poverty Exemption at the BOR? If Yes, check which BOR considered your application AND upload the BOR decision: March July December If No, explain why: Section 7: Valuation Information *Use the multiple parcel form for additional, contiguous parcels. Parcel Identification Number: 14-15-50-550 Classification of Property: Real Commercial
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING ORLENE HAWKS DIRECTOR Current Assessed Value (also known as State Equalized Value) as established by the BOR: 250000 Current Taxable Value as established by the BOR: 250000 What do you believe is the fair market value (also known as True Cash Value)? 325000 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value (also known as State Equalized Value). 162500 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. Section 8: Classification Information *Only the MI Dep’t of Treasury may appeal this issue to the Tribunal* Parcel Identification Number: Current Classification of Property as established by Board of Review: What do you believe is the property’s classification? If improved property, how is the property currently being used? If improved property, for what use was the property designed? Fee Information Does the subject property have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition? Yes Are you appealing ONLY the denial of a Poverty Exemption? No If you answered yes to either or both of these questions, you are not required to pay any filing fees. The filing fee is based on the greater of the State Equalized Value or Taxable Value in contention. If you are appealing more than one parcel, the parcel with the highest State Equalized Value or Taxable Value in contention will be used to determine your filing fee, plus $25.00 will be added for each additional parcel being appealed, not to exceed a total filing fee of $1,000. If your property is residential property (see MCL 205.762) and the State Equalized Value or Taxable Value in contention is: Filing Fee is: $100,000.00 and under $125.00 $100,000.01 to $500,000.00 $200.00 $Over $500,000.00 $300.00 If your property is NOT residential property (see MCL 205.762) and the State Equalized Value or Taxable Value in contention is: Filing Fee is: $100,000.00 and under $250.00 * Plus $25.00 for each additional parcel, as indicated above. If your property is NOT residential property and the State Equalized Value or Taxable Value in contention is $100,000.01 or greater the appeal does not qualify for Small Claims. Therefore, an Entire Tribunal petition must be filed.
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING ORLENE HAWKS DIRECTOR Electronic Signature *Typing your name below will serve as your signature Petitioner or Attorney/Authorized Representative’s Signature: /s/ Thomas P Dennett