Piper Properties LLC.pdf
Piper Properties, LLC Petitioner V City Of South Lyon Respondent · 26-001209-TT
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RECEIVED Tranfnfo:d606 26111365-1 04/13/24 Chih: 10036 Antz $200.00 ID: PIPER PROPERTIES LLC MICHIGAN TAX TRIBUNAL 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 Do not use this form to appeal Classification, Principal Residence Exemption, Qualified Agricultural Exemption, Other Exemptions, Special Assessments, or Non-Property tax disputes. Pursuant to Tax Tribunal Rule (TTR) 279, you MUST submit a copy of the notice giving rise to the appeal (i.e., Board of Review Decision or other notice) with this petition, if applicable. If you do not submit this document, you may be held in default. Section 1: Petitioner’s Contact Information First Name Mm. Last Name/Company Name Piper Properties, LLC Mailing Address (No., Street, P.O. Box or Rural Route) 120 N. Wixom Road City or Town State ZIP Code Wixom Mi 48393 Tae NT 5 20006-2639 Email Address (do not enter unless you want MTT to send all correspondence via email) jbaxter@codyrea.com Section 2: Petitioner’s AllorpeyiAuthorized Representative’s Contact Information First Name Last Name James Baxter Firm Name (fam) 00. dy Real Estate Associates, PLLC Mailing Address (No., Street, P.O. Box or Rural Route) 120 N. Wixom Road City or Town State ZIP Code Wixom Mi 48393 Telephone Number 248-906-2639 Email Address (do not enter unless you want MTT to send all correspondence via email) jbaxter@codyrea.com Section 3: Subject P roperty Information use the multiple parcel form for additional, contiguous parcels. How many parcels are you If you are appealing more than one parcel, are they contiguous or adjoining? appealing? [J vest [J No **If No, you must file separate appeals for each parcel Property Address (No., Street) 24499 Martindale Road City or Town County State ZIP Code South Lyon Oakland Mi 48178
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STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR Section 4: Check which of the following you are appealing (check all that apply) True Cash and Taxable Value [OO Taxable Value Only (calculation) O Uncapping of Taxable Value Section 5: Explain the Reason for this Appeal The subject property was put on the open market on 7/17/25 at an original price of $285,000. The price was then reduced to $269,000. On 10/20/25, Petitioner purchased the subject property for the amount of $252,000, with $7,560 of Petitioner's closing costs being paid by seller; resulting in a net sale of $244,440. The transaction was an "arm's length" transaction between two unrelated or affiliated parties. The property was not distressed and was habitable at the time of the purchase. Petitioner, through its lender, had an appraisal done dated 9/23/25 by a third-party appraiser, which values the property at $254,000. Petitioner protested the valuation at the March Board of Review and was denied without any cause being given. Petitioner believes the municipality's valuation exceeds the value of the property. Section 6: Jurisdictional Issues Did you protest the assessment at a Board of Review (BOR)? Yes O No If Yes, check which BOR you attended: [4 March [] July [] December If No, please check the applicable reason(s): [J Not required to attend 0 Appealing a purported Clerical Error or Mutual Mistake of Fact (if yes, include explanation in Section 5) Appealing within 35 days of State Tax Commission Order O Appealing within 35 days of receipt of Notice of Uncapping [J other If you checked “other” above, explain:
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STATE OF MICHIGAN GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS MARLON I. BROWN, DPA GOVERNOR LANSING DIRECTOR Section 7: Valuation Information use the multiple parcel form for additional, contiguous parcels. Parcel Number: 80-21-401 -0 1 7 Classification of Property: ~~ Real Personal [J (check one) Agricultural 0 Commercial 0 Industrial (J Residential Timber-Cutover [J ~~ Developmental [J Utility (J (check one) Assessed Value (also known as State Equalized Value) established | Taxable Value established by the Board of Review: by the Board of Review: 1 59,340 159,340 What do you believe is the fair market value (also known as true cash value)? $254,000 What do you believe is the assessed value? (multiply true cash What do you believe is the taxable value? (cannot exceed value by .5) $127,000 assessed value) $127,000 Fee Information Does the property have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition for all tax years at issue? O Yes No If you answered yes to the above question, you are not required to pay any filing fees. If the property does not have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition for all tax years at issue, the filing fee is based on the greater of the State Equalized Value or Taxable Value in dispute. If you are appealing more than one parcel, the parcel with the highest State Equalized Value or Taxable Value in dispute will be used to determine your filing fee, plus $25.00 will be added for each additional parcel being appealed, not to exceed a total filing fee of $1,000.00 If your property is residential property (see MCL 205.762) and the State Equalized Value or Taxable Value in contention is: Filing Fee is: $100,000.00 and under $126.00 $100,000.01 to $500,000.00 $200.00 $Over $500,000.00 $300.00 If the property is NOT residential property (see MCL 205.762) and the State Equalized Value or Taxable Value in contention is: Filing Fee is: $100,000.00 and under $250.00 * Plus $25.00 for each additional parcel, as indicated above. If the property is NOT residential property and the State Equalized Value or Taxable Value in dispute is $100,000.01 or greater the appeal does not qualify for Small Claims. Therefore, an Entire Tribunal petition must be filed. Signature *Required Petitioner or At ey/Authorized Representative’s Signature: Et ce James Baxter Isl
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** Notice of March Board of Review Change ** FROM CITY OF SOUTH LYON MICHEAL R. LOHMEIER, ASSESSOR 335 SOUTH WARREN SOUTH LYON MI 48178 NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL: PIPER PROPERTIES LLC 120 N WIXOM RD WIXOM MI 48393-2161 PROPERTY IDENTIFICATION: 80-21-20-401-017 SCHOOL DISTRICT: 63240 PROPERTY ADDRESS 24499 MARTINDALE RD THIS PROPERTY IS CLASSIFIED AS: 401 Residential PRINCIPAL RESIDENCE/QUALIFIED AG EXEMPTION: 0.00% MICHIGAN BUSINESS EXEMPTION: 0.00% PRIOR YEAR'S CLASSIFICATION IF DIFFERENT: 401 Residential The Board of Review has Examined your 2026 Assessed Value and/or Capped Value and has made the following decision: PETITION NUMBER 002 DATE: 03/06/2026 VALUE PRIOR MBOR | VALUE AFTER MBOR CHANGE 1. ASSESSED VALUE 159,340 159,340 0 2. CAPPED VALUE 83,590 83,590 0 3. TAXABLE VALUE 159,340 159,340 0 4. TENTATIVE EQUALIZATION FACTOR: 1.000 5. STATE EQUALIZED VALUE: 159,340 159,340 | 0 6. There WAS/WAS NOT a transfer of ownership on this property in 2025. WAS The 2026 Capped Value Formula is the 2025 Taxable Value, minus losses, increased by the Inflation Rate Multiplier of 3.1%, plus Additions. Taxable Value is the lower of Assessed Value or Capped Value unless an Ownership Transfer occurred. Your Taxes are Levied on the Taxable Amount. Further appeal of valuation may be made to the Michigan Tax Tribunal by filing a petition that can be obtained at www. michigan.gov/taxtrib (click Smali Claims Tab) and mailed to PO Box 30232, Lansing, Mi 48909 by May 3st for Commercial Real, Industrial Real, Developmental Real, Commercial Personal, Industrial Personal, and Utility Personal Property. The final date for further appeal of valuation for Agricultural Real, Residential Real, Timber Cut-over Real, and Agricultural Personal Property is July 31st. All other matters have 35 days to appeal. Michigan Tax Tribunal Decisions received February through May are not reflected in this March Board of Review
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