scpetition_valuation.pdf
Lily Homes LLC Petitioner V City Of Saginaw Respondent · 26-002859-TT
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STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR PROPERTY TAX APPEAL PETITION FORM VALUATION / UNCAPPING APPEAL MTT DOCKET NO. Petitioner’s Contact Information: Filer Type: Local Unit of Government: Organization First Name M.I. Last Name Lily Homes LLC Mailing Address (No., Street, P.O. Box or Rural Route) 47817 Hastings Rd City or Town State ZIP Code Canton Michigan 48188 Telephone Number 7863702313 E-mail Address gmujid@gmail.com Subject Property Information: How many parcels are you appealing? If you are appealing more than one parcel, are they contiguous or adjoining? 1 *If no, you must file separate appeals for each parcel No Property Address (No., Street) 1553 Osborn St City or Town County State ZIP Code Saginaw Saginaw Michigan 48602 Taxing Authority (City or Township) City Of Saginaw (SAGINAW) Check which of the following you are appealing: (check all that apply) True Cash and Taxable Values Please Explain the Reason for this Appeal: 1 of 3
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STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR Petitioner is appealing the 2026 assessment because the State Equalized Value of $30,600, implying a True Cash Value of $61,200, significantly exceeds the property’s documented 2025 arm’s‑length purchase price of $31,500. No major improvements were made after the sale, and the assessor relied on rental multipliers and newer, non‑comparable homes that do not reflect the market for older Saginaw properties. The recent arm’s‑length sale and comparable neighborhood sales demonstrate that the correct 2026 True Cash Value is $31,500, and the SEV should be reduced to $15,750 accordingly. 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: 20 0507 00000 Classification of Property: Real (check one) Residential (check one) Current Assessed Value as established by the Board of Review: 30600 Current Taxable Value as established by the Board of Review: 30600 What do you believe is the fair market value? 31500 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 15750 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. Electronic Signature *Typing your name below will serve as your signature Petitioner’s Signature: 2 of 3
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STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR /s/ Ghaith Alhatemi 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 3 of 3