Fifth Third, Kentwood, MI 2025 ET - Severed Petition 25-002367.pdf
Fifth Third Mortgage Mi LLC / Fifth Third Bank National Association, Petitioner Vs. City Of Kentwood, Respondent · 25-002367-TT
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR MICHIGAN TAX TRIBUNAL · 611 W. OTTAWA ST., LANSING, MI 48933 · 517-335-9760 PO BOX 30232, LANSING, MI 48909 · Other Carriers: 2407 N. GRAND RIVER AVE., LANSING, MI 48906 _____________________________, MICHIGAN TAX TRIBUNAL Petitioner(s) v MTT Docket No. _____________________________, Respondent(s) ENTIRE TRIBUNAL PROPERTY TAX PETITION 1. Property Parcel No: _____________________________________________ (If more than one parcel is at issue, attach a completed Multiple Parcel Petition Form addressing all other parcels at issue.) 2. The property identified above is ___real ___personal. 3. If more than one parcel of real property is under appeal, are the properties contiguous? ___Yes ___No. (If no, separate Petitions are required for each non- contiguous parcel.) 4. Are all of the parcels of personal property located on a parcel of real property under appeal? ___Yes ___No. (If no, separate Petitions are required for each parcel of personal property not located on a parcel of real property under appeal.) 5. If parcels of personal property are under appeal, when were the personal property statements filed by parcel number (attach additional page if necessary): 6. The property identified above is classified as _________________________ 7. If the assessment or assessments at issue were protested, the protest was made to Respondent’s ___ March ___ July ___December Board of Review. Fifth Third Mortgage – MI, LLC / Fifth Third Bank National Association 25-002367 City of Kentwood 41-18-01-351-006 and 41-18-01-351-007 (on separate form) X X X N/A 201 (COMMERCIAL-IMPROVED)
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MTT Docket No. _________________ Page 2 of 4 8. If a protest was required and no protest was made, list the separate and specific facts upon which Petitioner relies to invoke the Tribunal’s authority over the assessment or assessments at issue (attach additional page if necessary): 9. If the appeal was not submitted by the deadline for the filing of an appeal for the classification or classifications of the properties at issue (i.e., May 31 or July 31 of the tax year involved), list the separate and specific facts upon which Petitioner relies to invoke the Tribunal’s authority over the assessment or assessments at issue (attach additional page if necessary): 10. The property or properties at issue are located in _______________County. The property or properties’ address is: 11. The assessment or assessments at issue were established by the (applicable local governmental unit): ________________________________________ 12. Petitioner’s legal residence or principal office address is: 13. This appeal involves issues relating to the (check all that are applicable): ________the property or properties’ true cash and taxable values ________the property or properties’ taxable value only If the property or properties’ taxable value is at issue, is there a dispute as to the value of an addition or loss? ___ Yes ___No ________uniformity of the property or properties’ assessment ________the property or the properties’ exemption from ad valorem taxation under MCL ______ 14. The tax year(s) at issue are: _______________________________________ 25-002367 n/a 2025 Motion To Amend Granted by Tribunal under MTT Docket No. 24-00276. As per Order Dated 6/11/25 2025 Severed into its own Petition 25-002367 Kent 1850 EAST PARIS AVE SE KENTWOOD, MI 49546 1830 EAST PARIS AVE SE KENTWOOD, MI 49546 City of Kentwood Fifth Third 38 Fountain Square Plaza Cincinnati, OH 45202 X 2025
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MTT Docket No. _________________ Page 3 of 4 15. If more than the current tax year is being appealed, list the separate and specific facts upon which Petitioner relies to invoke the Tribunal’s authority over the prior tax year or years (attach additional page if necessary): 16. The values for the property identified above as established by Respondent’s Board of Review are: Tax Year True Cash Value Assessed Value Taxable Value 17. Petitioner contends that the values for the property identified above are: Tax Year True Cash Value State Equalized Value Taxable Value 18. The values in dispute for the property identified above are: Tax Year True Cash Value State Equalized Value Taxable Value 19. Petitioner requests the following relief (attach additional page if necessary): 20. List the separate and specific facts upon which Petitioner relies to support the relief requested (attach additional page if necessary): 25-002367 N/A 2025 19,674,800 9,837,400 7,326,136 2025 10,000,000 5,000,000 5,000,000 2025 9,674,800 4,837,400 2,326,136 Market data shows a market value not exceeding $10,000,000 true cash value for parcel 41-18-01-351-006 and $7,000,000 41-18-01-351-007 (on separate form). Petitioner requests that the Tribunal reduce the assessed value and taxable value of the subject property to the contended SEV stated above in #17 and #3 on multi-parcel attachment and order a refund with interest as provided by the Tax Tribunal Act. Market data shows a market value not exceeding $10,000,000 true cash value for parcel 41-18-01-351-006 and $7,000,000 41-18-01-351-007 (on separate form). Petitioner requests that the Tribunal reduce the assessed value and taxable value of the subject property to the contended SEV stated above in #17 and #3 on multi-parcel attachment and order a refund with interest as provided by the Tax Tribunal Act.
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MTT Docket No. _________________ Page 4 of 4 Signature of Petitioner’s Authorized Representative or, if none, Petitioner: ______________________________________________________________________ Printed Name of Petitioner’s Authorized Representative or, if none, Petitioner: ______________________________________________________________________ Email Address: _________________________________________________________ Mailing Address: ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ Telephone Number: _____________________________________________________ Date: _________________________________________________________________ 25-002367 /s/ Steven Nagengast Steven Nagengast steven.nagengast@ey.com Ernst & Young, LLP c/o Steven Nagengast 121 River Street Hoboken, NJ 07030 201-551-5103 6/13/2025
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STATE OF MICHIGAN GRETCHEN WHITMER GOVERNOR DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS LANSING MARLON I. BROWN, DPA DIRECTOR MICHIGAN TAX TRIBUNAL · 611 W. OTTAWA ST., LANSING, MI 48933 · 517-335-9760 PO BOX 30232, LANSING, MI 48909 · Other Carriers: 2407 N. GRAND RIVER AVE., LANSING, MI 48906 ______________________, MICHIGAN TAX TRIBUNAL Petitioner, v MTT Docket No. ___________ ______________________, Respondent. MULTIPLE PARCEL PETITION FORM ___ OF ___ 1. The classification of the property identified herein as established by Respondent’s Board of Review is: Tax Year Parcel Number Real/Personal Classification 2. The values for the property identified herein as established by Respondent’s Board of Review are: Tax Year Parcel Number True Cash Value Assessed Value Taxable Value Fifth Third Mortgage – MI, LLC / Fifth Third Bank National Association 25-002367 City of Kentwood 1 1 2025 41-18-01-351-007 Real 201 COMMERCIAL-IMPROVED 2025 41-18-01-351-007 14,931,000 7,465,500 6,021,793
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MTT Docket No._____________ Page 2 of 2 3. Petitioner contends that the values for the property identified herein are: Tax Year Parcel Number True Cash Value State Equalized Value Taxable Value 4. The values in dispute for the property identified herein are: Tax Year Parcel Number True Cash Value State Equalized Value Taxable Value 25-002367 2025 41-18-01-351-007 7,000,000 3,500,000 3,500,000 2025 41-18-01-351-007 7,931,000 3,965,500 2,521,793