scpetition_valuation.pdf
Wetlands LLC Petitioner V City Of Detroit Respondent · 26-002813-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: Individual First Name M.I. Last Name Christopher Brown Mailing Address (No., Street, P.O. Box or Rural Route) 14102 Forrer City or Town State ZIP Code Detroit Michigan 48227 Telephone Number 3135061134 E-mail Address midwestrealestateinvestor@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) 11764 Cherrylawn St City or Town County State ZIP Code Detroit Wayne Michigan 48203 Taxing Authority (City or Township) Wayne County (WAYNE) Check which of the following you are appealing: (check all that apply) True Cash and Taxable Values Taxable Value Only (calculation) Uncapping of Taxable Value 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 The assessed value does not accurately reflect the property's actual condition or fair market value. The property's current condition significantly diminishes its market value compared to similarly assessed residential properties in the area. The property requires extensive repairs, including but not limited to: • A complete interior rehabilitation. • Replacement of exterior doors. • Replacement of windows throughout the property. • Repairs and upgrades necessary to meet applicable building and housing code requirements. • Additional improvements are required before the property can be safely occupied or marketed. Because of its condition, the property cannot command the same value as comparable homes that are habitable and in average or good condition. A prudent purchaser would factor the significant rehabilitation costs into the purchase price, resulting in a substantially lower market value. 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 Valuation Information for Each Parcel under Appeal: Parcel Number: 16032571. Classification of Property: Real (check one) Residential (check one) Current Assessed Value as established by the Board of Review: 25700 Current Taxable Value as established by the Board of Review: 22388 What do you believe is the fair market value? 126441 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 63220 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 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 Electronic Signature *Typing your name below will serve as your signature Petitioner’s Signature: /s/ Christopher Brown 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