scpetition_valuation.pdf
Bikramjit Singh Petitioner V City Of Kalamazoo Respondent · 26-001148-TT
Text extracted from the reviewed PDF, organized by page. OCR and reading order may contain errors; confirm details in the PDF below.
Page 1
STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR 1 of 4 PROPERTY TAX APPEAL PETITION FORM VALUATION / UNCAPPING APPEAL MTT DOCKET NO. Petitioner’s Contact Information: Filer Type: Individual Local Unit of Government: First Name BIKRAMJIT M.I. Last Name SINGH Mailing Address (No., Street, P.O. Box or Rural Route) 4317 W MICHIGAN AVE City or Town KALAMAZOO State Michigan ZIP Code 49006 Telephone Number 6464316101 E-mail Address singhbikram382@gmail.com Subject Property Information: How many parcels are you appealing? 2 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) 4309 w michigan ave City or Town kalamazoo County Kalamazoo State Michigan ZIP Code 49006 Taxing Authority (City or Township) County Of Kalamazoo (KALAMAZOO) Check which of the following you are appealing: (check all that apply) True Cash and Taxable Values Uncapping of Taxable Value Please Explain the Reason for this Appeal:
Page 2
STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR 2 of 4 I purchased the property located at 4317 W Michigan Ave, Kalamazoo, MI 49006 on February 11, 2025, for $85,000. Prior to the sale, the property had been listed on the market for approximately 102 days. The original listing price was $150,000, but due to lack of buyer interest, the price was reduced multiple times during the listing period. After the property remained unsold for more than three months, I submitted an offer of $85,000, which the seller accepted. Following the purchase, I completed a lot split, creating a new vacant parcel now known as 4309 W Michigan Ave, Kalamazoo, MI 49006. I believe the current assessments placed on these properties are excessive and do not reflect actual market value. The City has assessed: 4317 W Michigan Ave at a True Cash Value of $141,800 4309 W Michigan Ave (vacant lot) at a True Cash Value of $112,800 This results in a combined assessed value of $254,600, which is nearly three times the amount I paid for the entire property only months earlier in an open market transaction. In addition, the condition and characteristics of the property further support a substantially lower value than the current assessment. The home at 4317 W Michigan Ave has a dirt driveway, and the basement floods whenever it rains. The property also contains an oil furnace that appears to be approximately 50 years old, and the garage structure has rotting wall studs that require significant repair. These are major condition issues that negatively affect the market value of the property. The newly split vacant parcel at 4309 W Michigan Ave also has several substantial limitations that reduce its value. The parcel currently does not have direct road access. A portion of the property was previously taken by the City for roadway purposes. Part of the lot borders the railroad tracks, and water accumulates and stands at the rear of the property. In addition, power lines run through the lot, and approximately half of the parcel is not usable for practical development purposes. The purchase price of $85,000 was established through an arms-length market sale after extensive exposure to the market for 102 days. If the property truly had a market value anywhere near the current assessed amount, it likely would have sold much sooner and at a significantly higher price while it was actively listed. The fact that the property remained unsold despite repeated price reductions demonstrates that the market did not support the current assessment figures. For these reasons, I respectfully request that the Tribunal review and reduce the assessed values to reflect the actual fair market value supported by the recent sale, the physical condition of the property, the limitations affecting the vacant parcel, and overall market conditions. 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: 06-19-385-005 Classification of Property: Real (check one) Residential (check one) Current Assessed Value as established by the Board of Review: 56400
Page 3
STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR 3 of 4 Current Taxable Value as established by the Board of Review: 56400 What do you believe is the fair market value? 20000 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 10000 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 10000 Valuation Information for Each Parcel under Appeal: Parcel Number: 06-19-385-004 Classification of Property: Real (check one) Residential (check one) Current Assessed Value as established by the Board of Review: 70900 Current Taxable Value as established by the Board of Review: 70900 What do you believe is the fair market value? 95000 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 47500 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 47500 Electronic Signature *Typing your name below will serve as your signature Petitioner’s Signature: /s/ bikramjit singh Attorney or Authorized Agent’s Signature: /s/ Fee Information:
Page 4
STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR 4 of 4 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