Fry-Lekas_Property Tax Appeal.pdf

Constantine Stavros Lekas, Wendy C Fry, Petitioners V Township Of Bingham, Respondent · 25-002943-TT

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5266 Church Road 

Ann Arbor, M1 48105 

6 March 2025 

Ms. Barbara Jones 

Assessor 

Bingham Township 

7171 S Center Highway 

Traverse City, M1 49684 

RE: 

Parcel Number 45-001-610-014-00 

S. Calle Court 

Suttons Bay, M1 49682 

Year 2025 State Equalized and Taxable Value Appeal 

Dear Ms. Jones and Board of Review: 

We are writing to appeal the 2025 state equalized and taxable values assigned to the above referenced 

property. We purchased the property in mid-November, 2024, for $54,000. Fifty percent of that true 

cash value is $27,000. 

We feel the $35,000 assessed value, and the resultant taxable value of $35,000 due to the property 

sale, do not accurately represent the value of the property. The asking price for the property was 

$60,000 which is also less than twice the current assessed value. At no time in the property’s recent 

history of sale or attempted sale has the asking price been $70,000 (see attached property history 

from Realtor.com). The property was on the market for nearly two months before we placed an offer, a 

relatively long period for property sale in that area. Our accepted offer was also less than the asking 

price, a very unusual phenomenon in that area. The agreed upon sale price of $54,000 is considerably 

less than the true cash value estimated by Bingham Township by way of the assessed value. 

According to the Michigan Tax Tribunal Glossary of terms, the State Equalized Value is, “One half (1/2) 

of your property's true cash value” (www. michigan.gov/taxtrib/fag/glossary-of-terms). The Glossary 

defines True Cash Value as, “The fair market value or the usual selling price of property.” For this 

property, the “usual selling price” is informed by fresh data from a recent, arm’s length transaction. 

Since there was a cash transaction for the property very near the time of the annually mandated 31 

December assessment and that cash transaction was for $54,000, the assessed and taxable values 

for 2025 should be $27,000. We ask that these values be adjusted accordingly by the Bingham 

Township Assessor. 

If desired, we can arrange to meet virtually during one of the Board of Review sessions. 

Sincerely, 

(def 7 

pried Cos 

Wendy C. Fry 

Constantine S. Lekas

Source: Realtor.com 

5868 

S Calle Ct, Suttons Bay, 

MI 49682 

1 acre lot 

Property details 

~~ Property history 

~~ Home improvements 

Neighborhood & schools 

Price history 

2024 

Nov 15, 2024 

Sold 

$54,000 

B 

60 days after listed 

NGLRMLS 

10.00% 

Sep 16,2024 

15] Listed 

$60,000 

. 

NGLRA 

+3333 

Feb 23,2024 

© sod 

$45,000 

. 

35 

days 

after 

| 

NGLRM 

+5100 

Jan 19, 2024 

75) 

Listed 

$44,900 

- 

NGLRMLS 

2023 

Sep 19, 2023 

(0) 

Listing removed 

~ 

179 days after 

listed 

NGLRMLS 

Jun 20, 2023 

Jl 

Price decreased 

$47,500 

. 

NGLRMLS 

$11,400 

May 8, 2023 

J 

Price decreased 

$58,900 

. 

NGLRMLS 

$10,600 

Mar 24, 2023 

© usted 

$69,500 

NGLRMLS 

2021 

Dec 10, 2021 

(16 

Listed 

$34,900 

BN

Michigan Department of Treasury, 

1019 (Rev, 10-24) 

THIS 

IS NOT A TAX BILL 

Notice of Assessment, Taxable Valuation, and Property Classification 

This form is issued under the authority of P.A. 206 of 1893, Sec. 211.24 (c) and Sec.211.34¢, as amended. This is 8 model assessment notice to be used by the kcal assessor. 

L-4400 

FROM: BARBARA JONES ASSESSOR 

BINGHAM TOWNSHIP 

7171 S CENTER HIGHWAY 

TRAVERSE CITY MI 49684 

PARCEL IDENTIFICATION 

PARCEL NUMBER: 

PROPERTY ADDRESS: 

S CALLE COURT 

SUTTONS BAY, MI 49682 

45-001-610-014-00 

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

FRY WENDY C & LEKAS CONSTANTINE S 

PRINCIPAL RESIDENCE EXEMPTION 

% Exempt 

As "Homeowners Principal Residence”: 

5266 CHURCH RD 

% Exempt 

As "Qualified Agricultural Property": 

00% 

ANN ARBOR MI 48105 

%, Exempt As "MBT industrial Personal™: 

00% 

% Exempt As “MBT Commercial Personal”; 

00% 

Exempt As "Qualified Forost Property™. 

[|] Yes 

[X] No 

Exempt As "Development Property”: 

[J Yes 

[X] 

No 

LEGAL DESCRIPTION: 

UNIT 14 MONTEREY HILLS 

ACCORDING TO MCL 211.34c THIS PROPERTY IS CLASSIFIED AS: 

402 

Residential 

PRIOR YEAR'S CLASSIFICATION: 

402 

Residential 

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

CURRENT 

CHANGE FROM 

year by approximately: 

$383 

ivi 

Tear VE AMO os 

PONENT YEAR 

1. TAXABLE VALUE: 

35,000 

10,194 

2. ASSESSED VALUE: 

35 000 

3. TENTATIVE EQUALIZATION FACTOR: 

1.000 

2 

i 

4. STATE EQUALIZED VALUE (SEV): 

35,000 

35,000 

0 

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: 

BARBARA JONES 

Phone: 

231-922-6767 

Email Address: 

ASSESSOR@BINGHAMTWPMIL.COM 

March Board of Review Appeal information. The board of review will meet at the following dates and times: 

THE BOARD OF REVIEW WILL MEET: 

MONDAY, MARCH 10, 2025 FROM 9:00 AM TC 3 PM @ BINGHAM TOWNSHIP HALL 

TUESDAY, MARCH 11, 2025, FROM 3 PM TO 9 PM @ BINGHAM TOWNSHIP HALL 

MAIL MUST BE POSTMARKED BY MARCH 9, 2025 

MAILING ADDRESS 7171 S CENTER HWY, TRAVERSE CITY MI 49684

03/10/2025 

12:32 

PM 

Mchiaen Department of Treasury 

(Rev. 11-12) 

=> = 

Bh 

5 

&/ 

L-4035 

Petition to Board of Review 

This form is issued under the authority of P.A. 206 of 1893, as amended. Filing is voluntary, however you may not appeal to the Michigan Tax Tribunal or 

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 (Please Print or Type) 

Petitioner's Name (If Other than Owner. Please Print or Type) 

FRY WENDY C & LEKAS CONSTANTINE S 

Township or City 

County 

BINGHAM TOWNSHIP 

LEELANAU COUNTY 

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: 

Property Identified (Parcel code required. Property address & legal description optional) 

: 

001-610-014-00 C O PY 

UNIT 14 MONTEREY HILLS 

S CALLE COURT 

Protested Item 

[J] Assessed Value 

[J Tentative Taxable Value 

[1 Classification 

OO Qualifed Agricultural 

Property Exemption 

1. 

PROTEST OF ASSESSMENT 

(Complete this section for a protest of assessed value and/or tentative taxable value) 

[Assessed Amount 

[Owner's Estimated True Cash Value 

Tentative Taxable Value 

Year 

| 

35,000 

35,000 

2025 

2. 

PROTEST OF CLASSIFICATION 

(Complete this section for a request to change the classification. The Board of Review must make their decision regarding classification in accordance 

with section 211.34c of the Michigan Compiled Laws. The Board of Review shall not be influenced by the effect that a particular classification has on 

that property's status as a homeowner's principal residence or qualified agricultural property.) 

| 

Classification should be: (Please check one of the following) 

[ 

OO 

Agricultural 

OO Industrial 

Timber Cutover 

[utility (Personal Property Only) 

0 

commercial 

[J Residential 

[Jpevelopmental 

Classification of property on this years assessment roll. 

402 

3. 

PROTEST OF EXEMPTION FOR QUALIFIED AGRICULTURAL PROPERTY 

(If the assessor has denied or changed the percentage of the exemption from the 18 mills of local school operating tax for qualified agricultural property, 

the owner may appeal this action to the March Board of Review. THE BOARD OF REVIEW HAS NO AUTHORITY TO CONSIDER ORACT UPON THE 

EXEMPTION FROM THE 18 SCHOOL OPERATING MILLS FOR HOMEOWNER'S PRINCIPAL RESIDENCE PROPERTIES.) 

Percent qualified agricultural exemption granted by assessor: (Enter 0 if exemption is denied) 

Percent qualified agricultural exemption requested by Owner: (Enter 100 if full 

exemption requested) 

4. 

REASON FOR PROTEST 

State reason(s) for protest of assessed value and/or the tentative taxable value and/or classification and/or qualified agricultural property exemption 

CERTIFICATION 

Signature 

Date 

03/10/2025 

Address 

Phone Number 

www.michigan.gov/treasury

Michigan Department 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 

2025 

001-610-014-00 

1. ASSESSED VALUE 

rR by Board of Review. The Board of Review must state the reason for its action befow. 

Denied 

O 

Assessed Value Changed From: 

[ 

35,000 

Tro: 

[ 

Record of Vote - Board or three member committee of board 

Chairperson: 0 ves 

[1 no 

(Member: 

if ves 

OO no 

MA 

ember: 

5d 'ves 

[J No=EL| 

initials 

Reason for Board Action: 

\Y 

ol 

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. 

35,000 

To: 

Denied 

O 

Tentative Taxable Value Changed From: 

Record of Vote - Board or three member committee of board. 

Chairperson: 

[7] YES 

[J 

NO z= 

Member: 

[J 

yes 

[] 

no “Es 

Member: 

[yes 

[1 Noms 

Reason for Board Action: 

If you disagree with the decision of the Board of Review regarding tentative taxable 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. 

3. CLASSIFICATION 

Disposition by Board of Review. The Board of Review must state the reason for its action below. 

O 

Denied 

a 

Classification Changed From: 

402 

To: 

Record of Vote - Board or three member committee of board. 

Member: 

[] Yes 

[J 

NO ms 

Member: 

[1] ves 

[1 Noman 

Chairperson: 

[1 Yes 

[J NO 

Reason for Board Action: 

If you disagree with the decision of the Board of Review regarding classification, appeal is made by sanding Form 2167 to the State Tax Commission, P.O Box 30471, Lansing, Mi. 48909 by June 30. 

4. QUALIFIED AGRICULTURAL PROPERTY EXEMPTION 

Disposition by Board of Review. The Board of Review must state the reason for its action below. 

O 

Exemption Request Denied 

OJ 

Exemption percent modified from 

% To: 

% 

Record of Vote - Board or three member committee of board. 

Chairperson: 

[J yes 

[J 

No 

Member: 

[] Yes 

[J no 

Member: 

[] Yes 

[Vo N— 

PRY 

Initials. 

Initials} 

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 Tex Tribunal forms are available at www michigan govitaxtrib 

5. Adjournment 

Date of Final adjournment of Board of i; 

4 

as 

- / 

2 

"VL 

~ spzs

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