goodman mbor.pdf
Jennings Goodman Petitioner V Township Of Peninsula, Sally A Murray Respondents · 26-002513-TT
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Page 1
\©
Michigan Department of Treasury
818 (Rev. 12-25)
Petition to Board of Review
L-4035
This form Is issued under
the euthorlty of P.A. 206 of 1893, 2s amended. Filing
is voluntary; however, you may not appes! to the Michigen Tax Tribunal unless
you first protest
fo the Board of Review, except when the property is classified as commercial real; industrial feal, or developmental
real. You may not eppesi property classification to the State
Tax Commission unless you first protest to the Board of Review.
TO BE COMPLETED BY OWNER OR OWNER'S AGENT
Owner's Name (Pisase Print or Type)
Petitioner's Name (if Other than Owner. Please
Print or Type)
Jennings Goodman & Sarah Goodman
Zachary E. Stewart, Authorized Representative
Township or City
County
Year
of Appeal
Peninsula
Grand Traverse
2026
The undersigned protests the assessed value and/or the tentative taxable value and/or the property classification and/or
the qualified
agricultural property exemption of the following described property:
p
Property identified (Parcel code required. Property address and legal description optional.)
7
11.609-015-00
LS PEUMLASKORES MED WD RESTATED MASTER OEED RECORDED! BASINS
ACCESS AID RESTRICTIVE GOVENANT ADREEAENT |
AT
EMERBENLY ALCBRS EAREMENT RECORDED AT. prety OVER Hah Sern we:
16678 WATERS EDGE OR
LP
OCHA ILL CPAT) RELL COMEOw
A
Protested Hem:
Assessed Value
[| Tentative
[[] Taxable Status
[_] Classification
[_] Qualified Agricultural
Taxable Vaiue
i
Property Exemption
Complete this section for a protest of assessed value, including susessed value changes associated with exempt status and denled or late filed
personal property forms.
Assessed Value
‘Owner's Estimate of True Cash Value (Market Valus)
$1 ,564,000
$2,575,000
Completa this section for a protest of Taxable Value.
Reason:
[7 value of Losses
De
Value of Additions
n= Poss Exisin ie Uncapping %
Complete this section
for a request to change the classificaiion. The Board of ro must pe their decision regarding classtfication In accordance
with Section 211.34¢ of the Michigan Compiled Laws. The Board of Review shail not be influenced by the effect that a particuler classification has on
that property's status as a homeowner's principal residence or qualified agricultural property.)
Classification of property on this yeer's assessment
roll
Classification should be {check one of the following):
[7] Agricutturai
[J industriat
[J mimber Cutover
[J utility (Personal Property Onty)
[J commercial
[J Residential
[] Developmental
WI PROTEST.OF EXEMPTIONEOR:
IFIED
AGRIDOLTUR)
SET eh
AT
tha
Ifthe assessor has denied or changed
the percentage of the exemption from the 18 mills of local rr operating tax for qualified agrcuttural p proper-
ty, the owner may appeal this action to the March Board of Review. THE BOARD OF REVIEW HAS NO AUTHORITY TO CONSIDER OR ACT UPON
THE EXEMPTION FROM THE 18 SCHOOL OPERATING MiLLS FOR HOMEOWNER'S PRINCIPAL RESIDENCE PROPERTIES.)
Percent qualified agricultural exemption grented by assessor (Enter 0 f exemption
Percent qualified agricultural exemption requested by owner (Enter 100 ff full
mt
exemption requested) Ea
Stale sh
dk
tor Sik Cr] value and/or be oistive —e value and/or taxable status andlor classification and/or qualified agriculture! ‘property exemption
Notice of Assessment for 2026 has an assessed value that puts the true cash value at $3,188,000. Owners purchased
the home in 2025 in an arm's length transaction for $2,626,000 (which included roughly $50,000 worth of furniture as
home came furnished). The appropriate assessed and taxable value for the property should be $1,287,500. The
record of the arm's length transaction is the best evidence of true cash value. An appraisal was also completed on
06/30/2025 with an SLOPE of value = 6 612, 000.
Date
fawh3, 2026 | (231) 346-5400
412 8. Union St., Traverse City, Ml 40684Page 2
Mickigan Departinent of Treasury
Form 618, Page 2
FOR BOARD OF REVIEW USE ONLY
INSTRUCTIONS: Incorporate a copy of this form and the assigned number in the Board of Review minutes.
Petition Number
Parcel Code
10
11-609-015-00
1. ASSESSED VALUE
Dispositipn by Board of Review. The Board of Review must state the reason for its action below.
Denied
[]
Assessed Value Changed From:
,594,000
fro:
|
1,594,000.0
|
L
74
Record of Vote
- Board or three member
committee
of board
Chairperson: X{ves
[1 no
[ZL
Member:
WH
es
no 4)
Member
[J ves
[J no__—
Reason for Board Acticn:
(SALE
DATE OUTSIDE
OF STATUTORY TIME-FRAME
FOR
2026
DENIED.
SALE
PRICE 2,625,000
ON
6/16/25.
ASSESSMENTS).
BANK APPRATSAL SUPPLIED
(APPRAISAL
FOR *LENDING PURPOSES*).
NO REAL PROPERTY
STATEMENT
PROVIDED
TO INVENTORY
ITEMS INCLUDED
IN,
NN ER RRR
N
If you disagree with the decision of the Board of Review regarding tentative assessed value, you may appeal that decision by filing a petition with the Michigan Tax Tribunal at
P.0.Box 30232, Lansing, Mi. 48909. Commercial Real, Industrial Real, Developmental Real, Commercial Personal, Industrial Personal and Utility Personal Property may be
appealed by May 31. Agricultural Real, Residential Real, Timber - Cut Over Real, and Agricultural Personal Property may be appealed by July 31. The petition must be filed on
a Michigan Tax Tribunal for or a form approved by the Michigan Tax Tribunal. Michigan Tax Tribunal forms are available at www.michigan.gov/taxtrib.
2. TENTATIVE TAXABLE VALUE
Disposition by Board of Review. The Board of Review must state the reason for its action below.
1,594,000
To.
1,594,000.0
Denied
[|
Tentative Taxable Value Changed From:
Record of Vote - Board or three member eed board.
Chairperson: a YES
[J
no
#
Member: % YES
[7]
NO
=
Member:
[] YES
[7] Nom
T
(SALE
DATE OUTSIDE
OF STATUTORY TIME-FRAME
FOR 2026
Reason for Board Action:
DENIED.
SALE
PRICE 2,625,000
Ol
6/16/25.
ASSESSMENTS).
BANK APPRAISAL
SUPPLIED
(APPRAISAL
FOR
*LENDING
PURPOSES*).
NO REAL
PROPERTY
STATEMENT PROVIDED TO INVENTORY ITEMS INCLUDED
IN,
THESE, yy ysrrirrsvss
iss nraiirsirrsssosss
If you disagree with the decision of the Board of Review regarding tentative assessed value, you may appeal that decision by filing a petition with the Michigan Tax Tribunal at
P.0.Box 30232, Lansing, Mi. 48909. Commercial Real, Industrial Real, Developmental Real, Commercial Personal, Industrial Personal and Utility Personal Property may be
appealed by May 31. Agricultural Real, Residential Real, Timber - Cut Over Real, and Agricultural Personal Property may be appealed by July 31. The petition must be filed
on a Michigan Tax Tribunal for or a form approved by the Michigan Tax Tribunal. Michigan Tax Tribunal forms are available at www.michigan.govi/taxtrib.
3. CLASSIFICATION
Disposition by Board of Review. The Board of Review must state the reason for its action below.
407
To:
Od
Denied
O
Classification Changed From:
Record of Vote - Board or three member committee of board.
Chairperson: [] YES
[J Nome
Member:
[] YES
Reason for Board Action:
DENIED.
SALE
PRICE
2,625,000
ON
6/16/25.
(SALE
DATE OUTSIDE
OF STATUTORY TIME-FRAME
FOR
2026
ASSESSMENTS).
BANK APPRAISAL SUPPLIED
(APPRAISAL
FOR
*LENDING PURPOSES*).
NO REAL PROPERTY
STATE
If you disagree with the decision of the Board of Review regarding classification, appeal is made by sending Form 2167 to the State Tax Commission, P.O. Box 30471, Lansing, Mi. 48909 by June 30.
[J No mmm
Member:
[] ves
[1 No Tims
4. QUALIFIED AGRICULTURAL PROPERTY EXEMPTION
Disposition by Board of Review. The Board of Review must state the reason for its action below.
[H|
Exemption Request Denied
O
Exemption percent modified from
% To:
%
Record of Vote - Board or three member committee of board.
Chairperson:
[] yes
[J
No
Member:
[J ves
[J no
Member:
[] yes
[]
no.
loitials.
loitials,
if
Reason for Board Action:
If you disagree with the decision of the Board of Review regarding tentative taxable value, you must appeal that decision by filing a petition with the Michigan Tax Tribunal, P.O. Box 30232, Lansing, Mi.
48909 by July 31. The petition must be filed on 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.
5. Adjournment
Date of Final adjournment of Board of Review
3/ tof2b
iew Secretary Si
> ure, f}
-
B
Date
OAD
Zlio[1024Page 3
Michigan — of Treasury L-4035a 3128 (Rev. 11-13) 2026 Taxable Value Calculations Worksheet Issued under authority of P.A. 206 of 1893. Filling is mandatory. Petition No. 10 Parcel No. 11-609-015-00 This form must be completed by the Board of Review (B of R) and made part of the Board of Review Record whenever a change is made to an individual parcel of property which causes Taxable Value to change. Complete Section 1 if the B of R changes Capped Value. SECTION 1 By Assessor ByBofR 2025 Final Taxable Value as set by Assessor, Board of Review or Michigan Tax Tribunal (Enter number into column labeled "By ASSeSSOr.")............c........ = 1,102,634 1,102,634 AMOUNE Of LOSSES ...ouvieeiecrieieiciiceisisin esses = 47.400 37.023 (See page 11 and 12 of STC Bulletin #3 of 1995 for formulas) AMOUNt OF ADGIHIONS ....c.vvvoereeeeieees sesso enero senses esses essen = 56,500 56,500 (See pages 6-11 of STC Bulletin # 3 of 1995 for formulas. IMPORTANT: See STC Bulletin No. 3 of 1997 for change to formula for Replacement Construction). 2026 Capped Value = (2025 Taxable Value - Losses) XCPI + Additions = 1,102,634 - 37,023 yX 1.027 + 56,500 - 1150882 By BofR 2026 Capped Value 1,150,882 Complete Section 2 if the B of R changes Assessed Value. SECTION 2 By Assessor ByBofR 2026 ASSESSEU VAIUE eevee eects atest eae ns = 1,594,000 1,594,000 2026 Tentative SEV = 2026 Assessed Value X 2026 Tentative Equalization Factor = 1,594,000 X 1.000 = 1,594,000 By Bof R 2026 Tentative SEV = 1,594,000 2026 Tentative Taxable Value is the lesser of the 2026 Capped Value or the 2026 Tentative SEV. 2026 Tentative Taxable Value = 1,594,000 Signature of Secretary, Board of TI] nh i b | (0 202 www.michigan.gov/treasury