MITAT_Valuation_Petition.pdf
John Willis III Petitioner V City Of Jackson Respondent · 26-000732-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 John M.I. Last Name Willis III Mailing Address (No., Street, P.O. Box or Rural Route) 323 N Grinnell St City or Town Jackson State Michigan ZIP Code 49202 Telephone Number 5173926397 E-mail Address johnson_sierra2@yahoo.com Subject Property Information: How many parcels are you appealing? 1 If you are appealing more than one parcel, are they contiguous or adjoining? *If no, you must file separate appeals for each parcel N/A Property Address (No., Street) 323 N Grinnell St City or Town Jackson County Jackson State Michigan ZIP Code 49202 Taxing Authority (City or Township) City Of Jackson (JACKSON) Check which of the following you are appealing: (check all that apply) True Cash and Taxable Values 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 Although the subject property of 323 N Grinnell St. is larger than many surrounding homes (approximately 2,566 square feet), its market value is influenced and limited by the characteristics of the surrounding neighborhood, in addition to repairs needed to the home itself. Recent comparable sales in close proximity reflect significantly smaller homes selling at lower overall price points. For example: • 315 N Grinnell St (approximately 1,326 sq ft) sold for $160,000 • 326 N Grinnell St (approximately 1,395 sq ft) sold for $113,000 These properties are notably smaller yet establish the typical price range for the immediate area. When analyzed on a price-per-square-foot basis, these smaller homes sold at approximately $110–$120 per square foot, while the subject property sold for approximately $72 per square foot ($186,000 ÷ 2,566 sq ft). This reflects a well-established market principle that larger homes typically sell for less per square foot, particularly in neighborhoods where surrounding properties are smaller and lower priced. As a result, the surrounding market creates a ceiling effect on value. Buyers in this area are not paying substantially higher total prices for larger homes, despite increased square footage. This is directly reflected in the subject property’s recent arm’s-length purchase price of $186,000 on March 8, 2024, which represents its true market value after full exposure to the open market for 180 days. Also, there is significant water damage around the chimney in the lower level of the home, which was not present at the time of sale. The home also lacks central air and heating; it has only a boiler heating system with radiators. These factors cause a decrease in the market value of the home as well. Based on Michigan’s assessment standards, the assessed (SEV) value should approximate 50% of the true cash value. The current assessed value of $105,000 appears to exceed what is supported by both the recent purchase price and comparable neighborhood sales. Based on my recent arm’s-length purchase price of $186,000, the implied assessed (SEV) value should be approximately $93,000. The current assessment exceeds this amount and does not reflect the property’s true market value as supported by both the sale and comparable neighborhood data. For these reasons, I respectfully request that the assessed value be adjusted to reflect the property’s actual market-supported value. Thank you 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: 2024 - 2026 Valuation Information for Each Parcel under Appeal: Parcel Number: 2-080000000 Classification of Property: Personal (check one) Residential (check one)
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STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN TAX TRIBUNAL SMALL CLAIMS DIVISION 3 of 3 Current Assessed Value as established by the Board of Review: 105000 Current Taxable Value as established by the Board of Review: 105000 What do you believe is the fair market value? 184000 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 92000 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 90000 Electronic Signature *Typing your name below will serve as your signature Petitioner’s Signature: /s/ John Willis III 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