260309_BOR decision_pg4.pdf
Gregory Robert Marini Petitioner V Township Of Peninsula, Sally A Murray Respondents · 26-002755-TT
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Page 1
tl a, TL L-4035a 3128 (Rev. 11-13) 2026 Taxable Value Calculations Worksheet Parcel No. 11-648-001-00 Issued under authority of P.A. 206 of 1883. Filing Is mandatory. Petition No. 11 This form must be completed by the Board of Review (B of R) and made part of the Board of Review Record whenever a change is made to an individual parcel of property which causes Taxable Value to change. Complete Section 1 if the B of R changes Capped Value. SECTION 1 ByBofR 2025 Final Taxable Value as set by Assessor, Board of Review or Michigan was 255,600 Tax Tribunal (Enter number into column labeled "By Assessor.").. = 246,885 246,885 Amount ofdllosses’. esd ne EEE Gr ERS = 0 0 (See page 11 and 12 of STC Bulletin #3 of 1995 for formulas) Amounts of JAdditions Ya... ale aR en = 175,800 89,700 (See pages 6-11 of STC Bulletin # 3 of 1995 for formulas. IMPORTANT: See STC Bulletin No. 3 of 1997 for change to formula for Replacement Construction). 2026 Capped Value = (2025 Taxable Value - Losses) X CPI + Additions = ( 246,885 - 0 YX 1.027. = 89,700 ~. 343080 By B of R 2026 Capped Value = 343,250 Complete Section 2 if the B of R changes Assessed Value. SECTION 2 iE : eh 2026/Assessed VAI. ........... 5 nmin nso ORGIES so 15 = 444,100 358,000 2026 Tentative SEV = 2026 Assessed Value X 2026 Tentative Equalization Factor = 358,000 X 1.000 = 358,000 By BofR 2026 Tentative SEV = 358,000 2026 Tentative Taxable Value is the lesser of the 2026 Capped Value or the 2026 Tentative SEV. 2026 Tentative Taxable Value = 343,250 yAaN) Ee Na SOT Date 2(q 2b www. michigan.gov/treasury