scpetition_classification.pdf
Patrick Hoelscher Petitioner V Township Of Peninsula, Sally A Murray Respondents · 26-002873-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 CLASSIFICATION APPEAL MTT DOCKET NO. Petitioner’s Contact Information: Filer Type: Local Unit of Government: Individual First Name M.I. Last Name Patrick Hoelscher Mailing Address (No., Street, P.O. Box or Rural Route) 664 Hidden Ridge Dr City or Town State ZIP Code Traverse City Michigan 49686 Telephone Number 2699038678 E-mail Address phoelscher@gmail.com Subject Property Information: How many parcels are you appealing? If you are appealing more than one parcel, are they contiguous or adjoining? *If 1 no, you must file separate appeals for each parcel N/A Property Address (No., Street, City, St, ZIP) [If multiple, list first property’s address] 664 Hidden Ridge Dr. Traverse City Michigan 49686 Taxing Authority (City or Township) County Township Of Peninsula (GRAND TRAVERSE) Grand Traverse Please Explain the Reason for this Appeal: The subject property’s October 2025 purchase price of $1,620,000 resulted from an arm’s-length transaction between a willing buyer and a willing seller and therefore represents the best evidence of its true cash (market) value. The assessed State Equalized Value (SEV) and Taxable Value of $972,500 imply a market value that significantly exceeds the property’s actual market value as demonstrated by the recent sale. Furthermore, recent sales of comparable properties within the neighborhood support the October 2025 purchase price. When comparing sales on a price-per- square-foot basis, the subject property’s purchase price is consistent with those comparable market transactions, while the valuation implied by the current assessment is materially higher and not supported by the market. Accordingly, I respectfully request that the Tribunal adjust the property’s valuation to reflect its true cash value as evidenced by the recent arm’s-length sale. 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 Jurisdictional Issues: Did you protest the classification at the March Board of Review? Yes If No, please check the applicable reason(s): Explanation: Year(s) Under Appeal: 2025, 2026 Classification Information: Parcel Identification Number: 11-514-031-00 Current Classification of Property as established by Board of Review: Real (check one) Residential (check one) What do you believe is the property’s classification? Real (check one) Residential (check one) If improved property, how is the property currently being used? If improved property, for what use was the property designed? Electronic Signature *Typing your name below will serve as your signature Petitioner’s Signature: /s/ Patrick Hoelscher Attorney or Authorized Agent’s Signature: /s/ Fee Information: 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 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. A fee of $75.00 is required for the filing of a classification appeal. Does the subject property have a principal residence exemption of at least 50% as of the date of the filing of this petition? 3 of 3