scpetition_valuation.pdf
Andrew J Geraghty Petitioner V City Of South Haven Respondent · 26-002253-TT
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR 1 of 3 PROPERTY TAX APPEAL PETITION FORM VALUATION / UNCAPPING APPEAL MTT DOCKET NO. Petitioner’s Contact Information: Filer Type: Individual Local Unit of Government: First Name Andrew M.I. J Last Name Geraghty Mailing Address (No., Street, P.O. Box or Rural Route) 12102 S Oak Park Ave City or Town Palos Heights State Illinois ZIP Code 60463 Telephone Number 7083341654 E-mail Address andrewjgeraghty@gmail.com 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 parcel Yes Property Address (No., Street) 261 Black River St #6 City or Town South Haven County Van Buren State Michigan ZIP Code 49090 Taxing Authority (City or Township) City Of South Haven (VAN BUREN) Check which of the following you are appealing: (check all that apply) True Cash and Taxable Values Please Explain the Reason for this Appeal:
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR 2 of 3 The current assessed market value of $432,200 ($216,100 SEV) is artificially inflated. This valuation fails to deduct the value of transferred personal property and pre-booked STR revenue from the initial sale in 2025 which was $415,000 (-$17,000 under valuation). The valuation also ignores a $377,000 direct comparable sale within the same building later in the year, and contradicts the downward pricing pressure caused by the lifted STR moratorium in South Haven. Jurisdictional Issues: Did you protest the assessment at a Board of Review? No If Yes, check which Board of Review you attended: If No, please check the applicable reason(s): Not required to attend Year(s) Under Appeal: 1 Valuation Information for Each Parcel under Appeal: Parcel Number: 80-53-715-020-60 Classification of Property: Real (check one) Residential (check one) Current Assessed Value as established by the Board of Review: 216100 Current Taxable Value as established by the Board of Review: 216100 What do you believe is the fair market value? 377000 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 188500 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 188500
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR 3 of 3 Electronic Signature *Typing your name below will serve as your signature Petitioner’s Signature: /s/ Andrew Geraghty Attorney or Authorized Agent’s Signature: /s/ Fee Information: If you do not have a Principal Residence Exemption of at least 50% at the time of the filing of this petition, you are required to pay a filing fee for the filing of this appeal. The filing fee is based on the greater of 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. Property tax appeal: Residential** Non-Residential SEV or TV in contention* Filing fee*** Filing Fee** $100,000 or less...........................................................................................$ 125.00 $250.00 $100,000.01 to $500,000.00.........................................................................$ 200.00 N/A More than $500,000…..................................................................................$ 300.00 N/A Does the subject property have a principal residence exemption of at least 50% as of the date of the filing of this petition? No