scpetition_valuation.pdf
Suraj D Buddhu Petitioner V City Of Ironwood Respondent · 26-002803-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 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 Suraj M.I. D Last Name Buddhu Mailing Address (No., Street, P.O. Box or Rural Route) 3628 141st LN NW City or Town Andover State Minnesota ZIP Code 55304 Telephone Number 7633214133 E-mail Address surajbuddhu@gmail.com Subject Property Information: How many parcels are you appealing? 3 If you are appealing more than one parcel, are they contiguous or adjoining? *If no, you must file separate appeals for each parcel No Property Address (No., Street) wilson st City or Town Ironwood County Gogebic State Michigan ZIP Code 49938 Taxing Authority (City or Township) City Of Ironwood (GOGEBIC) Check which of the following you are appealing: (check all that apply) True Cash and Taxable Values Taxable Value Only (calculation) Uncapping of Taxable Value 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 4 I respectfully request a review of the State Equalized Value (SEV) and taxable value assigned to parcels 2752-14-476-010, 2752-14-477-010, and 2752-14-481-080. These parcels consist entirely of vacant, undeveloped land with no buildings, utilities, or other improvements. I purchased all three parcels together in an arm’s- length transaction in September 2025 for $20,000, which I believe represents their fair market value at the time of purchase. Following the transfer, the combined assessed value increased by approximately $84,000, resulting in a total valuation of $114,413. This represents a valuation that is more than five times the recent purchase price, despite no physical improvements or other changes to the properties. Consequently, I received combined property tax bills totaling $7,365.92, which appear disproportionate for three unimproved vacant parcels. Since receiving these assessments, I have discussed the valuations with Jason Alonen, Ironwood Tax Assessor, and Paul Linn, Ironwood Treasurer. Based on those conversations, I remain concerned that the current assessed values do not accurately reflect the market value of these parcels. Given the recent arm’s-length purchase price, the lack of improvements, and the current market conditions, I believe the fair market value of the properties remains below $20,000. I respectfully request that the valuation and resulting uncapping be reviewed and corrected to reflect the actual market value of the properties and to ensure the assessment is fair, equitable, and consistent with applicable Michigan property tax law. I would have gladly met with the board to get this adjusted during the March meeting, but I did not receive any other information about this assessment. I only received a tax bill, so I was not able to address this with the board in a timely fashion. The city of Ironwood did not have my correct address. I didn't receive any tax information on one of the parcels until I called the city to talk about the tax bill. This is my first time owning property like this and I was unaware that I will be receiving a Notice of Assessment every year. Now that I know that, and now that the City of Ironwood has my correct address, this will not be an issue in the future. 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): Assessment Change Notice was not properly sent to Petitioner Year(s) Under Appeal: 1 Valuation Information for Each Parcel under Appeal: Parcel Number: 2752-14-476-010 Classification of Property: Personal (check one) Commercial (check one) Current Assessed Value as established by the Board of Review: 37026 Current Taxable Value as established by the Board of Review: 37026
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR 3 of 4 What do you believe is the fair market value? 3333 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 1667 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 35359 Valuation Information for Each Parcel under Appeal: Parcel Number: 2752-14-477-010 Classification of Property: Personal (check one) Commercial (check one) Current Assessed Value as established by the Board of Review: 36779 Current Taxable Value as established by the Board of Review: 36779 What do you believe is the fair market value? 3333 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 1667 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 35112 Valuation Information for Each Parcel under Appeal: Parcel Number: 752-14-481-080 Classification of Property: Personal (check one) Commercial (check one) Current Assessed Value as established by the Board of Review: 40608 Current Taxable Value as established by the Board of Review: 40608 What do you believe is the fair market value? 3333 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 1667 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 38941 Electronic Signature *Typing your name below will serve as your signature Petitioner’s Signature:
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR 4 of 4 /s/ Suraj D. Buddhu 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