Prinsen.pdf

David C Prinsen Petitioner V City Of Grand Rapids Respondent · 26-002499-TT

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RECEIVED 

Traninfo:de0 26123991 

05/26/2% 

i 

red 

MAY 27 2026 

ey 

Chi: 

102 

fut: $200.00 

[EY 

1D: 

445 PARKWOOD 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 N: 

E 

M.L 

Last 

Name/Company Name 

DAD 

Co | 

TAR NS ER) 

Mailing Address (No., Street, P.O. Box or Rural Route) 

Buen 

ST 

= 

City or Town 

State 

ZIP Code 

_GranQ RAPOS 

MI 

49594 

(66 

644-4944 

EmailAddress (do not enter unless you want MTT to send all correspondence via email) 

Section 2: Petitioner’s Attorney/Authorized Representative’s Contact Information 

First Name 

M.I. 

Last Name 

Firm Name (if any) 

Mailing Address (No., Street, P.O. Box or Rural Route) 

City or Town 

State 

ZIP Code 

Telephone Number 

Email Address (do not enter unless you want MTT to send all correspondence via email) 

Section 3: Subject Property Information use the muitiple 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 ves* 5 No* 

**If No, you must file separate appeals for each parcel 

45 

 PagewooD 

ST. 

NE 

ml Address (No. Dae

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 ali that apply) 

X True Cash and Taxable Value 

[0 Taxable Value Only (calculation) 

[J Uncapping of Taxable Value 

Section 5: Explain the Reason for this Appeal 

House was purchased for 300,000. Current SEV is 187,500 and should be lowered to 150,000. 

To the Michigan Tax Tribunal 

: 

PL EASE. 

: SEE 

ATTACH eD 

1 bought 465 Parkwood off an older couple who hadn't done much work to it in the past 25 years, save at least one paint job, and a new roof in 2022. Itis a large looking 

building which | think might be deceptive in how its value is analyzed. Both the attic and basement are unfinished, so the livable space is approximately 900sq/ft per unit. 

2 

beds up, 1 bed down. The 1 bed down is one of the reasons 

| believe the value is where it is, as it drives the overall income down. Also, there is upcoming work on the 

exterior of the building that will incur significant cost. I'll lay out those expected costs, comps I've found online, and my baseline annual expenses to demonstrate that the sal¢ 

price should be considered accurate in setting the new SEV. 

Repairs — (i have images to back up my claims) 

Upper SW soffit and eve water, and structural damage — 10,000 — 12,000. Replacement of other exterior trim and siding, and repair missing or broken cedar shakes on 

dormers from when roof was done 3,500 — 5,500. New paint job 12,000 — 15,000. Tuckpoint basement foundation (interior) 2,000 — 3,000. Replace rotting or buckling deck 

boards on front porch, and assess framing/loads while boards are up — 2,000 — 3,000. Remove dangerous bough from huge oak in front yard — 1500. | am a practicing 

carpenter and licensed builder and will perform most of the work myself. These numbers are conservalive, and 

| ask the board to respect them so that | do not have to abuse] 

the time and effort of other tradesmen, by asking them to provide an estimate merely to convince the city and state that the price 

I paid for a building should reflect its value. 

Comps from the internet — ( These are based on Zillow estimates, and should be given credibility given the real market data sets they are working from) 

620 — 636 Parkwood (9 houses adjacent to 645) and 157 Grand (still adjacent though back yards) 

Range 227K — 479K. Average 355K. Average bedrooms 3.3 (though | think this might be light as Zillow often confuses a single rental unit with a full bedroom count) 

Average price per bedroom — 95K. 

Generally the market for income properties is around 100K per bedroom 

Baseline income projections for valuing the property 

These numbers are based on the assessment reflecting the purchase price of 300,000 and a 20% downpayment benchmark set by banks, and a 6% mortgage rate. 

Section 6: Jurisdictional Issues 

Did you protest the assessment at a Board of Review (BOR)? PH 

ves 

[Hl] No 

If Yes, check which BOR you attended: JX] March 

[] July 

[J] December 

If No, please check the applicable reason(s): 

0 Not required to attend 

O Appealing a purported Clerical Error or Mutual Mistake of Fact (if yes, include explanation in Section 5) 

0 Appealing within 35 days of State Tax Commission Order 

H Appealing within 35 days of receipt of Notice of Uncapping 

Other 

If you checked “other” above, explain:

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 Miebet: 44-1 4-30-233-01 1 

Classification 

of Property: 

Real 

Personal [J (check one) 

Agricultural J 

Commercial 

(J 

Industrial (J 

Residential 4 

 Timber-Cutover 

[J 

Developmental [1 

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 87,500 

187,500 

What do you believe is the fair market value (also known as true cash value)? 

300,000 

What do you believe is the assessed value? (multiply true cash 

What do you believe is the taxable value? (cannot exceed 

value by .5) 

150.000 

assessed value) 

150,000 

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? 

[ves 

¥ 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 

$125.00 

$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 Do Signature: 

/, 

Isl 

fo] a) 

(6) 5/22 Z4 

/ — 

7 

/

To the Michigan Tax Tribunal 

1 bought 465 Parkwood off an older couple who hadn’t done much work to it in the past 25 

years, save at least one paint job, and a new roof in 2022. It is a large looking building which 

| 

think might be deceptive in how its value is analyzed. Both the attic and basement are 

unfinished, so the livable space is approximately 900sq/ft per unit. 2 beds up, 1 bed down. The 

1 bed down is one of the reasons 

| believe the value is where it is, as it drives the overall income 

down. Also, there is upcoming work on the exterior of the building that will incur significant 

cost. I'll lay out those expected costs, comps I've found online, and my baseline annual expenses 

to demonstrate that the sale price should be considered accurate in setting the new SEV. 

Repairs — (1 have images to back up my claims) 

Upper SW soffit and eve water, and structural damage — 10,000 — 12,000. Replacement of other 

exterior trim and siding, and repair missing or broken cedar shakes on dormers from when roof 

was done 3,500 — 5,500. New paint job 12,000 — 15,000. Tuckpoint basement foundation 

(interior) 2,000 — 3,000. Replace rotting or buckling deck boards on front porch, and assess 

framing/loads while boards are up — 2,000 — 3,000. Remove dangerous bough from huge oak in 

front yard — 1500. 

| am a practicing carpenter and licensed builder and will perform most of the 

work myself. These numbers are conservative, and 

| ask the board to respect them so that 

I do 

not have to abuse the time and effort of other tradesmen, by asking them to provide an 

estimate merely to convince the city and state that the price 

| paid for a building should reflect 

its value. 

Comps from the internet — ( These are based on Zillow estimates, and should be given 

credibility given the real market data sets they are working from) 

620 — 636 Parkwood (9 houses adjacent to 645) and 157 Grand (still adjacent though back 

yards) 

Range 227K — 479K. Average 355K. Average bedrooms 3.3 (though 

| think this might be light as

Baseline income projections for valuing the property 

These numbers are based on the assessment reflecting the purchase price of 300,000 and a 20% 

downpayment benchmark set by banks, and a 6% mortgage rate. 

Tax, insurance, principle and interest, trash and water = $2,326.50 

Rents = 2 Bed $1575 (rented) and 1 Bed (projected) = $1200 Total $2775.00 

Annual cash flow = $5,382.00 

Maintenance such as lawncare, snow removal, water and sewer, code compliance costs, repairs, 

and management costs have not been taken into account, and will need to come out of the cash 

flow budget. 

All the repairs will need to happen in the next few years. Given the potential cost range 

between 30-40K this property will see no profit for the next 6-8 years at the earliest. 

| 

purchased this property, well aware of how these numbers would play out, but also in good 

faith that the City of Grand Rapids would honour the purchase price as the fair market value. 

They have not, so 

| submit to the state that the SEV be lowered to 150,000. 

| am prepared to 

show up with a preponderance of evidence, including estimates, and photographs if need be.

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GRAND RAPIDS MI 

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4499 Burson ST. BE 

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