2025 Assessment Change Notice (Real Property).pdf
Rt&T Properties LLC Petitioner V City Of Owosso Respondent · 25-002305-TT
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Page 1
Michigan Deparment of Treasury THIS IS NOT A TAX BILL L-4400 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.211.34c, as amended. This is a model assessment notice to be used by the local assessor. FROM: CITY OF OWOSSO PARCEL IDENTIFICATION MICHAEL DOWLER PARCEL NUMBER: -050-660-016-001- 301 W MAIN ST 78-050-660-016-001-00 OWOSSO, MI 48867 PROPERTY ADDRESS: 1008 W MAIN ST OWOSSO, MI 48867 OWNER'S NAME & ADDRESS/PERSON NAMED ON ASSESSMENT ROLL: PRINCIPAL RESIDENCE EXEMPTION SNYDER, TODD A % Exempt As "Homeowners Principal Residence": .00% 110 1/2 W EXCHANGE ST % Exempt As "Qualified Agricultural Property": .00% OWOSSO MI 48867-2816 % Exempt As "MBT Industrial Personal": .00% % Exempt As "MBT Commercial Personal": .00% Exempt As "Qualified Forest Property": O Yes No Exempt As "Development Property": O Yes x No LEGAL DESCRIPTION: LOT 1 BLK 16, AL & BO WILLIAMS ADDITION TO THE CITY OF OWOSSO L29/P499, EXC THAT PT LYG WITHIN PCL DESC AS BEG @ SW COR OF SEC 13 T7N R2E, TH ALG W SEC LN N03*08'32"E 11 FT, TH S86*23'20"E 308.09 FT, TH S83*12'33"E 198.31 FT, TH S03*36'40"W 33 FT, TH N86*23'20"W 506.06 FT TO W LN SEC 24 T7N R2E, TH N03*43'08"E 33 FT TO POB LEGAL CORRECTED IN 2023 PER SCRIVENER'S ERROR L1245/P0480 RECORDED IN 2018 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 PRIOR AMOUNT CURRENT CHANGE FROM i . TENTATIVE AMOUNT year by approximately: $633 YEAR: 2024 YEAR: 2025 PRIOR JEARTO 1. TAXABLE VALUE: 60,360 71,000 10,640 2. ASSESSED VALUE: 68,100 71,000 2,900 3. TENTATIVE EQUALIZATION FACTOR: 1.000 4. STATE EQUALIZED VALUE (SEV): 68,100 71,000 2,900 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: Phone: Email Address: MICHAEL DOWLER 989-725-0530 ASSESSING@CI.OWOSSO.MI.US March Board of Review Appeal Information. The board of review will meet at the following dates and times: APPEALS MAY BE HEARD BY APPOINTMENT AT THE MARCH BOARD OF REVIEW ON MARCH 10, 2025, 9:00-12:00 & 1:00-4:00 OR MARCH 11, 2025, 1:00-4:00 & 6:00-9:00 IN CITY HALL COUNCIL CHAMBERS, 301 W. MAIN ST, OWOSSO, MI, 48867. PLEASE CALL 989-725-0530 FOR AN APPOINTMENT. APPEALS BY MAIL OR EMAIL (ASSESSING@CI.OWOSSO.MI.US) MUST BE RECEIVED BY MARCH 11, 2025 AT 9:00 PM.