MITAT_Valuation_Petition.pdf
Michael George Satterlee Petitioner V City Of Lansing Respondent · 26-000645-TT
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STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN TAX TRIBUNAL SMALL CLAIMS DIVISION 1 of 3 PROPERTY TAX APPEAL PETITION FORM VALUATION / UNCAPPING APPEAL MTT DOCKET NO. Petitioner’s Contact Information: Filer Type: Individual Local Unit of Government: First Name Michael M.I. G Last Name Satterlee Mailing Address (No., Street, P.O. Box or Rural Route) 2035 Webster St 2035 Webster St City or Town Lansing State Michigan ZIP Code 48911 Telephone Number 517-281-8658 E-mail Address Michaelsatterlee@aol.com Subject Property Information: How many parcels are you appealing? 2 If you are appealing more than one parcel, are they contiguous or adjoining? *If no, you must file separate appeals for each parcel Yes Property Address (No., Street) 2035 Webster St City or Town Lansing County Ingham State Michigan ZIP Code 48911 Taxing Authority (City or Township) City Of Lansing (INGHAM) Check which of the following you are appealing: (check all that apply) True Cash and Taxable Values Uncapping of Taxable Value Please Explain the Reason for this Appeal:
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STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN TAX TRIBUNAL SMALL CLAIMS DIVISION 2 of 3 Actual Property value / Taxable value is not nearly as high as the city now says it is. We bought the two adjoining properties in March of 2023. They were then listed for sale for $159,900. They were then appraised by the bank at $173,000. We foolishly overpaid at $178,000 to make sure we got it, not knowing about some of its serious problems. The previous owner's SEV on both lots was then $52,400. (X 2 = $104,800) As expected, upon the home's sale the property tax cap came off, as allowed by Proposal A. So, our 2024 SEV on both lots was then raised to $77,700. (X 2 = $155,400) Understandable. However, in 2025, rather than obeying Proposal A and limiting our rise in valuation to only 5% a year as it allows, the city raised it by almost 23%, from $77,700 (X 2 =$155,400) to $95,200 (X 2 = $190,400). We should have contested that big rise then. But as new homeowners we were not aware of the short time we had to do so. Because of our big property tax increase, we had to refinance in March of 2025. At that time the Bank reappraised the property at $179,000. That was up only $6,000 in two years. That was about 3.5 %, or less than 2% a year. 2% a year, not 23%. We complained to the bank appraiser, and she told us that property values in this part of town have gone up very little in value the last few years. Then in 2026 the combined assessment on both of our adjoining lots was $101,000 (X 2 = $202,000). From our first new buyer assessment, following our home's purchase and the removal of the Proposal A property tax cap in 2024, the city has raised our assessment from $77,700 (X 2 = $155,400) to $101,000 (X 2 = $202,000). That is a 30% increase in two years, far more than the 5% a year limit they were allowed by Proposal A to raise our valuation. And it is far more than this property has actually risen in value in the last two years according to the bank appraiser last year. 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: 2025 and 2026 Valuation Information for Each Parcel under Appeal: Parcel Number: 33-01-05-05-351-171 and 33-01-05-05-351-181 Classification of Property: Personal (check one) Residential (check one) Current Assessed Value as established by the Board of Review: 101000 Current Taxable Value as established by the Board of Review: 81997 What do you believe is the fair market value? 180000 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 90000 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value.
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STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN TAX TRIBUNAL SMALL CLAIMS DIVISION 3 of 3 Valuation Information for Each Parcel under Appeal: Parcel Number: 33-01-05-05-351-371 and 33-01-05-05-351-181 Classification of Property: Real (check one) Residential (check one) Current Assessed Value as established by the Board of Review: 101000 Current Taxable Value as established by the Board of Review: 81997 What do you believe is the fair market value? 180000 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 90000 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: /s/ Michael Satterlee 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? Yes