Macatawa Bank 3.pdf

Macatawa Bank, Petitioner Vs. Township Of Grand Rapids, Respondent · 25-002794-TT

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RECEIVED 

JUN 04 2023 

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Tranlnf 

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Chi: 

A 

MICHIGAN TAX TRIBUNAL 

(57) 

ID: 

RHOADES MCKEE 

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

MACATAWA BANK, N.A. 

; 

MICHIGAN TAX TRIBUNAL 

Petitioner(s) 

MTT Docket No. 

GRAND RAPIDS CHARTER TOWNSHIP 

Respondent(s) 

ENTIRE TRIBUNAL PROPERTY TAX PETITION 

1. 

Property Parcel No: 41-14-36-451-009 

(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 ho, 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): 

N/A 

6. 

The property identified above is classified as 201 Commercial-Improved

MTT Docket No. 

Page 2 of 4 

8. 

10. 

11. 

12. 

13. 

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): 

N/A 

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): 

Appeal is timely. 

The property or properties at issue are located in Kent 

County. The 

property or properties’ address is: 

4590 Cascade Road SE, Grand Rapids, Michigan 49546 

The assessment or assessments at issue were established by the (applicable 

local governmental unit): Grand Rapids Charter Township 

Petitioner's legal residence or principal office address is: 

10753 Macatawa Drive, Holland, Michigan 49424 

This appeal involves issues relating to the (check all that are applicable): 

the property or properties’ true cash and taxable values 

X 

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 

X 

No 

uniformity of the property or properties’ assessment

MTT Docket No. 

Page 3 of 4 

15. 

If more than the current tax year is being appealed, list the separate and specific 

facts upon which Petitioner relies to invoke the Tribunals authority over the prior 

tax year or years (attach additional page if necessary): 

N/A 

16. 

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 

2025 

$691,000.00 

$345,500.00 

$345,500.00 

17. 

Petitioner contends that the values for the property identified above are: 

Tax Year 

True Cash Value 

State Equalized Value 

Taxable Value 

2025 

$691,000.00 

$345,500.00 

$304,875.00 

18. 

The values in dispute for the property identified above are: 

Tax Year 

True Cash Value 

State Equalized Value 

Taxable Value 

2025 

$0.00 

$0.00 

$40,625.00 

19. 

Petitioner requests the following relief (attach additional page if necessary). 

Reinstatement of "cap" on the Property's Taxable Value. Please see attachment for 

additional information.

MTT Docket No. 

Page 4 of 4 

Signat 

ioner's Authorized Representative or, if none, Petitioner: 

4 

Pfinted Name of Petitioner's Authorized Representative or, if none, Petitioner: 

Peter D. Rhoades, Rhoades McKee PC 

Email Address: pdrhoades@rhoadesmckee.com 

Mailing Address: 

Rhoades McKee PC 

PO Box 2271 

Holland MI 49422 

Telephone Number: (616) 233-5237 

Date: 

Moy 

29, pry

STATE OF MICHIGAN 

DEPARTMENT OF LICENSING & REGULATORY AFFAIRS 

MICHIGAN TAX TRIBUNAL 

MACATAWA BANK, N.A,, 

a national banking association 

Petitioner, 

MTT Docket No. 

vs. 

GRAND RAPIDS CHARTER TOWNSHIP, 

Respondent. 

Peter D. Rhoades (P49515) 

Jonathon J. Andersh (P81965) 

Rhoades McKee PC 

Attorneys for Petitioner 

PO Box 2271 

Holland, MI 49422 

(616) 233-5237 

pdrhoades(@rhoadesmckee.com 

ATTACHMENT TO ENTIRE TRIBUNAL PROPERTY TAX PETITION 

Petitioner, through its attorneys, Rhoades McKee PC, petitions this Tribunal as follows: 

I. 

Petitioner, Macatawa Bank, N.A. (“Bank”), 

is 

a national banking association, with an 

address of 10753 Macatawa Drive, Holland, Michigan 49424. 

2: 

Petitioner owns certain property with Property Parcel No. 41-14-36-451-009, commonly 

known 

as 4590 Cascade Road SE, Grand Rapids, Michigan 49546 (the “Property”). 

The 

Property is classified as 201: Commercial-Improved, Real Property.

S. 

This matter involves Respondent’s decision to uncap the taxable value of the Property for 

the 2025 tax year. 

Petitioner disputes Respondent’s decision to uncap the taxable value of the 

Property. 

There is otherwise not a dispute relative to valuation, assessment or the value of any 

addition or loss. 

6. 

Respondent issued its 2025 Notice of Assessment indicating that there was a transfer of 

ownership of the Property in 2024, and Respondent adjusted the taxable value of the Property so 

as to “uncap” its taxable value, increasing such amount by $49,792.00 or 16.84% over the 

previous year’s taxable value. 

7. 

Petitioner did not execute and record a deed or similar instrument conveying title to the 

Property in 2024, but Petitioner assumes that Respondent decided to uncap the taxable value of 

the Property following 

the merger transaction involving Macatawa Bank Corporation and 

Wintrust Financial Corporation that closed on August 1, 2024 (the “Transaction”). 

8. 

The Transaction involved 

the merger 

of Macatawa Bank Corporation, 

a Michigan 

corporation (“Bank Corp™), into a wholly-owned subsidiary of Wintrust Financial Corporation, 

an Illinois corporation (“Wintrust”). 

Bank Corp was the parent company of Petitioner. 

The 

Transaction did not cause a change in Petitioner, but a change in Petitioner’s parent company. 

9. 

The Transaction was completed as a tax-free reorganization under Section 368(a) of the 

Internal Revenue Code of 1986 (the “IRC”). 

10. 

The Bank continues to own the Property, and the Transaction did not involve any transfer 

or conveyance of the Property by deed or similar instrument.

211.27a(7)(n), 

any direct 

or indirect transfer of property resulting from 

a transaction that 

qualifies as a tax-free reorganization under Section 368(a) of the IRC does not cause a “transfer 

of ownership.” 

12. 

Without a transfer of ownership occurring, Respondent was not permitted to adjust the 

taxable value of the Property by more than an amount equal to the lesser of 1.05 or the inflation 

rate. MCL 211.27a(2)(a). 

13. 

Petitioner appealed Respondent’s decision to uncap the taxable value of the Property 

during the 2025 March Board of Review. The 2025 March Board of Review denied Petitioner’s 

request. 

14. 

Petitioner now requests that the Tribunal enter an order reinstating 

the cap on the 

Property’s taxable value, establishing the taxable value of the Property for the 2025 tax year as 

$304,875.00. 

Respectfully submitted, 

Dated: 

May 29, 2025 

RHOADES McKEE PC 

Attorneys for Petitioner 

By: 

erter D. Rhoades (P49515) 

PO Box 2271 

Holland, MI 49422 

(616) 233-5237 

pdrhoades@rhoadesmckee.com

Michigan Departinent 

of Treasury, 

1019 (Rev, 10-24) 

THIS 

IS NOT A TAX BILL 

Notice of Assessment, Taxable Valuation, and Property Classification 

L-4400 

7001 

This form is issued under the aulhoity of P A, 206 of 1893, Sec, 211.24 (c) and Sec.211.34c, as amended. This fs 3 model assessment nofice 10 be used by Lha local assessor. 

FROM: GRAND RAPIDS CHARTER TOWNSHIP 

BRYAN JAGER 

1836 EAST BELTLINE AVE NE 

GRAND RAPIDS, MI 49525 

PARCEL IDENTIFICATION 

PARCEL NUMBER: 

41-14-36-451-009 

PROPERTY ADDRESS: 

4590 CASCADE RD SE 

GRAND RAPIDS, MI 49546 

OWNER'S NAME & ADDRESS/PERSON NAMED ON ASSESSMENT ROLL: 

7001 

Lax eC AAQTOF 

*ALL 

FOR AADC 

493 

MACATAWA BANK 

PO 

BOX 

3119 

HOLLAND, 

MI 

49422-3119 

Joyftonaggppi Do oelghpegbe Eon 

ih ego prgeansygy 

PRINCIPAL RESIDENCE EXEMPTION 

% Exempt As "Homeowners Principal Residence” 

00% 

% Exempt As "Qualified Agricultural Property": 

00% 

% Exempt As "MBT Industrial Personal”; 

00% 

% Exempt As "MBT Commercial Personal: 

00% 

Exempt As "Qualified Forest Property”: 

[1] Yes 

[X} No 

Exempt As "Development Property™: 

[J Yes 

No 

LEGAL DESCRIPTION: 

PART W 1/2 SE 1/4 COM AT INT OF E 1/8 LINE & CL OF STL US16 TH S ALONG E 1/8 LINE 183.07 FT TH WLY PAR WITH SD CL 

183.07 £1 TH N PAR WITH E 1/8 LINE 183.07 FT TO SD CL TH ELY ALONG SD CL 183.07 FT TG BEG * SEC 36 TTN R1IW 0.77 A. 

ACCORDING TO MCL 211.34c THIS PROPERTY IS CLASSIFIED AS: 

201 

Commercial 

PRIOR YEAR'S CLASSIFICATION: 

201 

Commercial 

The change in taxable value will increase/decrease your tax bill for the 2025 

- 

CURRENT 

CHANGE FROM 

year by approximately: 

$2330 

iv pn " 

Tame AMO es 

CoreNT YEAR 

1. TAXABLE VALUE: 

295,708 

345,500 

49,792 

2. ASSESSED VALUE: 

330,400 

345,500 

15,100 

3. TENTATIVE EQUALIZATION FACTOR: 

1.000 

5 

SEE 

: 

Cui 

= 

fe 

4. STATE EQUALIZED VALUE (SEV): 

330,400 

345,500 

15,100 

5. There WAS or WAS NOT a transfer of ownership on this property in2024 

WAS 

6. Assessor Change Reason: 

Market Adjustment 

The 2025 Inflation rate Multiplier is: 1.031 

Questions regarding the Notice of Assessment, Taxable Valuation, and Property Classification may be directed to the Following: 

Name: 

BRYAN JAGER 

Phone: 

(816) 855-5807 

Email Address: 

BJAGER@GRANDRAPIDSTWP.ORG 

oard of Review Appeal Information. The board of review will meet at the following dates and times:

03/17/2025 

1 

2025 BOARD OF REVIEW DECISION 

FROM 

GRAND RAPIDS CHARTER TOWNSHI 

Petition #: 

M-23 

BRYAN JAGER 

1836 EAST BELTLINE AVE NE 

GRAND RAPIDS, MI 49525 

NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL. 

PROPERTY IDENTIFICATION: (Parcel Code required. Property address 

and legat description optional): 

41-14-36-451-009 

4590 CASCADE RD SE 

MACATAWA BANK 

PO BOX 3119 

PART W 1/2 SE 1/4 COM AT INT OF E 1/8 LINE & CL OF STL US16 TH 

HOLLAND MI 49422-3119 

S$ ALONG E 1/8 LINE 183.07 FT TH WLY PAR WITH SD CL 18307 FT 

TH N PAR WITH E 1/8 LINE 183.07 FT TO SD CL TH ELY ALONG SD 

CL 183.07 FT TO BEG * SEC 36 TINRIIW 0.77 A, 

THIS PROTERTY I$ CLASSIFIED 

201 

(COMMERCIAL-IMPROVED) 

Thank you for attending this years March Board of Review. The Board has reviewed the information you supplied and the data necessary 

to compute your assessment and taxable value. 

The Board has completed their review of parcel number 

41-14-36-451-009 

They have made the following determination based on the information you supplied. 

Board of Review Comments 

43 

NOT 

CLERICAL ERROR 

2025 

ORIGINAL ASSESSED VALUE 

345,500 

| 

[2025 

"BOARD OF REVIEW" ASSESSED VALUE 

345,500 

| 

(If the above amounts are the same, no revisions have occured) 

2025 

ORIGINAL TAXABLE VALUE 

345,500 

| 

[2025 

"BOARD OF REVIEW" TAXABLE VALUE 

345,500 

| 

2025 

PRINCIPAL RESIDENCE EXEMPTION/QUALIFIED AG 

0.0000 

| 

Please feel free to contact the assessor at the address listed above or call if you have any questions. 

If you disagree with the decision of the Board of Review regarding tentative taxable value, further appeal may be ade to the Michigan Tax 

Tribunal, P.O. Box 30232, Lansing, Mi. 48909 by May 31 for Commercial Real, Industrial Real, Developmental Real, Commercial Personal, 

Industrial Personal and Utility Personal Property by July 31 for Agricultural Real, Residential Real, Timber - Cut Over Real, and 

Agricultural Personal Property. 

Michigan Tax Tribunal 

P.O. Box 30232

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