scpetition_valuation.pdf
Anekant Jain Petitioner V City Of Ferndale Respondent · 26-002526-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 Anekant M.I. Last Name Jain Mailing Address (No., Street, P.O. Box or Rural Route) 335 Glendale Ln City or Town Ferndale State Michigan ZIP Code 48220 Telephone Number 2488256588 E-mail Address jainanekant@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 N/A Property Address (No., Street) 335 Glendale Ln City or Town Ferndale County Oakland State Michigan ZIP Code 48220 Taxing Authority (City or Township) City Of Ferndale (OAKLAND) 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 2026 Board of Review reduced the assessed and taxable value of the subject property to $165,000 (Petition No. MBOR-A24), but this remains above the property's true cash value. A licensed appraisal completed January 28, 2026 opined a market value of $325,000. Since that appraisal, closed sales of comparable units in the same immediate area confirm further softening of value below the appraised amount: 395 Glendale Ln sold 5/11/2026 for $310,000, and 340 Dale Ct — a similarly sized 2-bedroom/3-bath, 1,414 square foot townhouse built in 2020 — sold 5/8/2026 for $299,000. Additionally, 591 Parkside Way #16 — a comparable unit used in the January appraisal itself — has remained listed at $299,900 and pending sale for over 200 days as of this filing, further evidencing softening demand in the subject's development. Petitioner requests the assessed and taxable value be reduced to reflect a true cash value of approximately $300,000–$308,000, consistent with the attached evidence. Jurisdictional Issues: Did you protest the assessment at a Board of Review? Yes If Yes, check which Board of Review you attended: March If No, please check the applicable reason(s): Year(s) Under Appeal: 2026 Valuation Information for Each Parcel under Appeal: Parcel Number: 24-25-34-355-014 Classification of Property: Real (check one) Residential (check one) Current Assessed Value as established by the Board of Review: 165000 Current Taxable Value as established by the Board of Review: 165000 What do you believe is the fair market value? 304000 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 152000 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 152000
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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/ Anekant Jain 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? Yes