Stip for CJ - TMT Lansing (25-001768).pdf
Tmt Lansing LLC, Petitioner Vs. City Of Lansing, Respondent · 25-001768-TT
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62819850.1 STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN TAX TRIBUNAL TMT Lansing, LLC, Petitioner, v MTT Docket No. 25-001768 City of Lansing, Respondent. _____________________________/ Stipulation for Entry of Consent Judgment 1. The parcel is located in Ingham County. 2. The case is pending in the X Entire Tribunal OR __ Small Claims Division. 3. Property Parcel No: See Attachment A for multiple parcel numbers. 4. The values for the property identified above as established by Respondent’s Board of Review are: See Attachment A. 5. The values for the property were increased by the assessor after Respondent’s Board of Review as explained in the letter dated October 14, 2025, attached as Attachment B. 6. The values for the property identified above as stipulated by the parties for settlement purposes are: See Attachment A. 7. If stipulation addresses tax years other than the tax year originally appealed or tax years added through motions to amend that have been granted by the Tribunal, list the separate facts upon which the parties rely to invoke the Tribunal’s authority over those tax year or years: Not applicable. 8. List separately any special terms or conditions being proposed by the parties that would affect the execution of this Consent Judgment including, but not limited to, the joint payment of the refund, the waiver of interest, etc.: IT IS FURTHER ORDERED AND ADJUDGED that refunds shall be made payable to TMT Lansing, LLC and mailed to 3400 Belle Chase Way, Lansing, MI 48911-4251.
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MTT Docket No. 25-001768 Stipulation for Entry of Consent Judgment 2 62819850.1 Honigman LLP City of Lansing Attorneys for Petitioner Representatives for Respondent By: /s/ Jackie J. Cook____________ By: /s/ Jennifer Czeiszperger Jackie J. Cook (P68781) 39400 Woodward Avenue, Suite 101 Bloomfield Hills, MI 48304-5151 (248) 566-8474 jcook@honigman.com Jennifer Czeiszperger, MMAO City Assessor 124 W. Michigan Ave., 3rd Floor Lansing, MI 48933 (517) 483-7624 jennifer.czeiszperger@lansingmi.gov Dated: November 18, 2025 Dated: November 18, 2025
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MTT Docket No. 25-001768 Stipulation for Entry of Consent Judgment 3 62819850.1 STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN TAX TRIBUNAL TMT Lansing, LLC, Petitioner, v MTT Docket No. 25-001768 City of Lansing, Respondent. _____________________________/ Attachment A to Stipulation for Entry of Consent Judgment: Multiple Parcels 1. Tax Year 2025 values adopted by the March Board of Review: Tax Year Parcel Number True Cash Value Assessed Value Taxable Value 2025 33-01-05-03-377-002 $1,260,800 $630,400 $411,443 2025 33-01-05-03-377-013 $586,600 $293,300 $205,521 $1,847,400 $923,700 $616,964 2. Tax Year 2025 values increased per letters from the City Assessor’s office dated October 14, 2025 (Attachment B): Tax Year Parcel Number True Cash Value Assessed Value Taxable Value 2025 33-01-05-03-377-002 $1,260,800 $630,400 $538,444 2025 33-01-05-03-377-013 $586,600 $293,300 $220,743 $1,847,400 $923,700 $759,187 3. Tax Year 2025 values stipulated to by the parties: Tax Year Parcel Number True Cash Value Assessed Value Taxable Value 2025 33-01-05-03-377-002 $871,200 $435,600 $435,600 2025 33-01-05-03-377-013 $586,600 $293,300 $220,743 $1,457,800 $728,900 $656,343
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MTT Docket No. 25-001768 Stipulation for Entry of Consent Judgment 4 62819850.1 Attachment B
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Jennifer Czeiszperger, Assessor 3rd Floor City Hall CITY ASSESSORS OFFICE 124 West Michigan Avenue Lansing, Michigan 48933 (517) 483-7624 mute Andy Schor, Mayor October 14, 2025 TMT - Lansing C/O PW Parent LLC 1 Glenlake Parkway NE Atlanta GA 30328 RE:33-01-05-03-377-013 1200 Keystone, Lansing, Ml Our records indicate that the above property was transferred during 2021. As provided by State Statute the Taxable Value (TV) of a property must be the same as its State Equalized Value (SEV) in the year following an ownership transfer (section 211.27a (3) of the Michigan Compiled Laws). This is referred to as "uncapping" Taxable Value. You are hereby notified that the Taxable Value (TV) of this property will be "uncapped" for 2022. This change will be reflected on the assessment and tax rolls as follows: Tax Year 2022 Taxable Value From: $180,810 To: $194,200 $1,072 Tax Year 2023 Taxable Value From: $189,850 0 $203,910 $1,126 Tax Year 2024 Taxable Value From: $199,342 To: $214,106 $1,182 Tax Year 2025 Taxable Value From: $205,521 To: $220,743 $1,231 This change in taxable value will increase your adjusted tax bill by approximately: $4,610 The Ingham Country Treasurer will be sending adjusted tax bills to cover any additional taxes owed for prior years. The current year taxes will be adjusted by the Lansing City Treasurer. If you wish to appeal this "uncapping" of the Taxable Value, you must file an appeal to the Michigan Tax Tribunal (MTT) within 35 days of this notice. If you elect to proceed with an appeal to the MTT, you must File a small Claims Petition Form, which is available at www.michigan.gov/taxtrib. The MTT will then send you a Notice of Docket Number. If you have any questions regarding these procedures or the uncapping of the property, feel free to contact Jennifer Czeiszperger 517-483-7624. Respectfully yours,
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Jennifer Czeiszperger, Assessor 3rd Floor City Hall CITY ASSESSORS OFFICE 124 West Michigan Avenue Lansing, Michigan 48933 (517) 483-7624 yan Andy Schor, Mayor October 14, 2025 TMT-Lansing LLC RW Parent LLC 1 Glenlake Parkway NE Atlanta, GA 30328 RE:33-01-05-03-377-002 1200 Keystone, Lansing, MI Our records indicate that the above property was transferred during 2021. As provided by State Statute the Taxable Value (TV) of a property must be the same as its State Equalized Value (SEV) in the year following an ownership transfer (section 211.27a (3) of the Michigan Compiled Laws). This is referred to as "uncapping" Taxable Value. You are hereby notified that the Taxable Value (TV) of this property will be "uncapped" for 2022. This change will be reflected on the assessment and tax rolls as follows: Tax Year 2022 Taxable Value From: $361,971 To: $473,700 $8,432 Tax Year 2023 Taxable Value From: ~~ $380,069 0 $497,385 $8,854 Tax Year 2024 Taxable Value From: $399,072 To: $522,254 $9,297 Tax Year 2025 Taxable Value From: $411,443 To: $538,444 $9,681 This change in taxable value will increase your adjusted tax bill by approximately: $36,264 The Ingham Country Treasurer will be sending adjusted tax bills to cover any additional taxes owed for prior years. The current year taxes will be adjusted by the Lansing City Treasurer. If you wish to appeal this "uncapping" of the Taxable Value, you must file an appeal to the Michigan Tax Tribunal (MTT) within 35 days of this notice. If you elect to proceed with an appeal to the MTT, you must File a small Claims Petition Form, which is available at www.michigan.gov/taxtrib. The MTT will then send you a Notice of Docket Number. If you have any questions regarding these procedures or the uncapping of the property, feel free to contact Jennifer Czeiszperger 517-483-7624. Respectfully yours,
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Michigan Department of Treasury 3214 (Rev. 8-09) Assessor Affidavit Regarding "Uncapping” of Taxable Value The changes in Taxable Value recorded on this affidavit are related to the "Uncapping" of Taxable Value due to a failure on the part of the transferee (buyer) to timely file the Property Transfer Affidavit (form L-4260). In accordance with the authority identified in Section 27b of the General Property Tax Act (P.A. 206 of 1893, as amended), a correction has been made in the Taxable Value of the following described Real/Personal property: 33-01-05-03-377-002 located in the City of Township of/Village of (Parcel Identification Number) City of Lansing Thi ( Correction of Taxable Value Due to Transfer of Ownership HOMESTEAD AND QUALIFIED AGRICULTURAL NON-HOMESTEAD AND NON-QU School Code 33020 Amount of Amount Before Correction Increase/Decrease Corrected Before Correction Increase/Dec State Equalized Valuation 473,700 Taxable Valuation 361971 Correction of Taxing Unit Levy Taxing Unit HOMESTEAD AND QUALIFIED AGRICULTURAL NON-HOMESTEAD AND NON-QU Amount of Amount Before Correction Increase/Decrease Corrected Before Correction Increase/Dec County Intermediate School District Community College State Education Tax Local School Operating Local School Supplemental (<=18) Local School Supplemental (>=18) Local School Enhancement Local School Debt City/Township/Village Other Total NOTE: The levy section of this affidavit does not include collections fees, penalties, and interest. These must be added to the bill, when | Jennifer Czeiszperger the above information is true, to the best of my knowledge. , being the certified assessor for the City/Twp of City of Lansing , do nel ssor [ Wop ad ) Date 0-14 2S Certification ©- 7 Copies to: Prope a Edualizatibd Departent, County Treasurer, and the Treasurers of all other affected Taxing Units.
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Michigan Department of Treasury 3214 (Rev. 8-09) Assessor Affidavit Regarding "Uncapping” of Taxable Value The changes in Taxable Value recorded on this affidavit are related to the "Uncapping” of Taxable Value due to a failure on the part of the transferee (buyer) to timely file the Property Transfer Affidavit (form L-4260). In accordance with the authority identified in Section 27b of the General Property Tax Act (P.A. 206 of 1893, as amended), a correction has been made in the Taxable Value of the following described Real/Personal property: 33-01-05-03-377-002 located in the City of Township of/Village of City of Lansing Thi (Parcel Identification Number) ( Correction of Taxable Value Due to Transfer of Ownership HOMESTEAD AND QUALIFIED AGRICULTURAL NON-HOMESTEAD AND NON-QU School Code 33020 Amount of Amount Before Correction Increase/Decrease Corrected Before Correction Increase/Dec State Equalized Valuation 562,400 Taxable Valuation 380069 Correction of Taxing Unit Levy Taxing Unit HOMESTEAD AND QUALIFIED AGRICULTURAL NON-HOMESTEAD AND NON-QU Amount of Amount Before Correction Increase/Decrease Corrected Before Correction Increase/Dec County Intermediate School District Community College State Education Tax Local School Operating Local School Supplemental (<=18) Local School Supplemental (>=18) Local School Enhancement Local School Debt City/Township/Village Other Total NOTE: The levy section of this affidavit does not include collections fees, penalties, and interest. These must be added to the bill, when 1, Jennifer Czeiszperger , being the certified assessor for the City/Twp of City of Lansing , do the above information is true, to the best of my knowledge. of Certified Assefsor Date Certification Signatt No. wobec OC usanreoe JO- 4-25 p-7 \Y U Copies to: Property Owner, Equalkzation Department, County Treasurer, and the Treasurers of all other affected Taxing Units.
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Michigan Department of Treasury 3214 (Rev. 8-09) Assessor Affidavit Regarding "Uncapping” of Taxable Value The changes in Taxable Value recorded on this affidavit are related to the "Uncapping"” of Taxable Value due to a failure on the part of the transferee (buyer) to timely file the Property Transfer Affidavit (form L-4260). In accordance with the authority identified in Section 27b of the General Property Tax Act (P.A. 206 of 1893, as amended), a correction has been made in the Taxable Value of the following described Real/Personal property: 33-01-05-03-377-002 |ocated in the City of/Township of?’ age of City of Lansing Th (Parcel Identification Number) Correction of Taxable Value Due to Transfer of Ownership School Code 33020 HOMESTEAD AND QUALIFIED AGRICULTURAL NON-HOMESTEAD AND NON-QU Amount of Amount Before Correction Increase/Decrease Corrected Before Correction Increase/De State Equalized Valuation 552,800 Taxable Valuation 399072 Correction of Taxing Unit Levy Taxing Unit HOMESTEAD AND QUALIFIED AGRICULTURAL NON-HOMESTEAD AND NON-QU Amount of Amount Before Correction Increase/Decrease Corrected Before Correction Increase/De County Intermediate School District Community College State Education Tax Local School Operating Local School Supplemental (<=18) Local School Supplemental (>=18) Local School Enhancement Local School Debt City/Township/Village Other Total NOTE: The levy section of this affidavit does not include collections fees, penalties, and interest. These must be added to the bill, when 1, Jennifer Czeiszperger , being the certified assessor for the City/Twp of City of Lansing , d the above information is true, to the best of my knowledge. Signature Date 4 Certification © 0-14-25 R-7 Copies to: Property Owner, Equ riified Assessor (\ JNU Noa Xx atidh Department, County Treasurer, and the Treasurers of all other affected Taxing Units.
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Michigan Department of Treasury 3214 (Rev. 8-09) Assessor Affidavit Regarding "Uncapping” of Taxable Value The changes in Taxable Value recorded on this affidavit are related to the "Uncapping” of Taxable Value due to a failure on the part of the transferee (buyer) to timely file the Property Transfer Affidavit (form L-4260). In accordance with the authority identified in Section 27b of the General Property Tax Act (P.A. 206 of 1893, as amended), a correction has been made in the Taxable Value of the following described Real/Personal property: 33-01-05-03-377-002 located in the City of/Township of/Village of (Parcel Identification Number) City of Lansing Th Correction of Taxable Value Due to Transfer of Ownership HOMESTEAD AND QUALIFIED AGRICULTURAL NON-HOMESTEAD AND NON-QU School Code 33020 Amount of Amount Before Correction Increase/Decrease Corrected Before Correction Increase/De State Equalized Valuation 630,400 Taxable Valuation 411443 Correction of T axing Unit Levy Taxing Unit HOMESTEAD AND QUALIFIED AGRICULTURAL NON-HOMESTEAD AND NON-QU Before Correction Amount of Increase/Decrease Corrected Before Correction Amount Increase/De County Intermediate School District Community College State Education Tax Local School Operating Local School Supplemental (<=18) Local School Supplemental (>=18) Local School Enhancement Local School Debt City/Township/Village Other Total NOTE: The levy section of this affidavit does not include collections fees, penalties, and interest. These must be added to the bill, when 1, Jennifer Czeiszperger , being the certified assessor for the City/Twp of City of Lansing , d the above information is true, to the best of my knowledge. Certification " J-14-2s e- Copies to: Property Owner, Equalization Department, County Treasurer, and the Treasurers of all other affected Taxing Units.