MBOR petition 325-024-55.pdf

255 Peninsula LLC Petitioner V Township Of Peninsula Respondent · 26-000679-TT

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Michigan Department of Treasury 

618 (Rev. 12-25) 

Petition to Board of Review 

L-4035 

This form 1s issued under the authority of P.A. 206 of 1893, as:amended. Filing is voluntary; however, you may not appeal to the Michigan Tax Tribunal unless you first protest 

to the Board of Review, except when the property is classified as commercial real, industrial real; or developmental real. You may not appeal property classification to the State 

Tax Commission unless you firs! prolest lo the Board of Review. 

TO BE COMPLETED BY OWNER OR OWNER’S AGENT 

Owner's Name (Please Print or Type) 

Petitioner's Name (If Other than Owner. Please Print or Type) 

255 Peninsula LLC 

Aaron Fales 

Township or City 

County 

Year of Appeal 

Peninsula 

Grand Traverse 

2026 

The undersigned protests the assessed value and/or the tentative taxable value and/or the property classification and/or the qualified 

agricultural property exemption of the following described property: 

Property Identified (Parcel code required. Property address and legal description optional.) 

11-325-024-55 - 265 Peninsula Ridge Dr. 

OO Qualified Agricultural 

Property Exemption 

Tentative 

Taxable Value 

O Taxable Status 

[l Classification 

(exemption) 

Protested Item: 

|_| Assessed Value 

1, PROTEST OF ASSESSMENT 

Complete this section for a protest of assessed value, including assessed valué changes associated with exempt status and denied or late filed 

personal property forms. 

Assessed Value 

Owner's Estimate of True Cash Value (Market Value) 

$300,000 

$365.000 

2. PROTEST OF TAXABLE VALUE 

Teas 

Complete this section fora protest of Taxable Value. 

Reason: 

O Value of Losses 

O Value of Additions 

J Poverty Exemption 

Od Uncapping % 

3. PROTEST OF CLASSIFICATION 

AL 

Complete this section for a request lo change the classification. The Board of Review must make their decision regarding classification in accordance 

with Section 211.34c of the Michigan Compiled Laws. The Board of Review shall not be influenced by the effect that a particular classification has on 

that property's status as a homeowner's principal residence or qualified agricultural property.) 

Classification of property on this year’s assessment roll 

Classification should be (check one of the following): 

[7] utility (Personal Property Only) 

O Agricultural 

ll Commercial 

["] industrial 

O Residential 

] Timber Cutover 

0 Developmental 

4, PROTEST OF EXEMPTION FOR QUALIFIED AGRICULTURAL PROPERTY 

If the assessor has denied or changed the percentage of the exemption from 

ty. the owner may appeal this action to the March 

the 18 mills of local school operating tax for qualified agricultural proper- 

Board of Review. THE BOARD OF REVIEW HAS NO AUTHORITY TO CONSIDER ORACT UPON 

THE EXEMPTION FROM THE 18 SCHOOL OPERATING MILLS FOR HOMEOWNER'S PRINCIPAL RESIDENCE PROPERTIES) 

Percent qualified agricultural exemption granted by assessor (Enter 0 if exemption 

denied) 

Percent qualified agricultural exemption requested by owner (Enter 100 if full 

exemption requested) 

REASON FOR PROTEST 

State reason(s) for protest of assessed value and/or the tentative taxable Value andlor taxable status and/or classification and/or qualified agricultural property exemption 

1 

Purchased the property for $365,000 in 2024. No improvements have been done. The Purchase price is the best 

evidence of Market value. 

CERTIFICATION 

3 

Signature 

h 

a 

g 

Dale 

Phone Number 

re 

= i AP 

| 

ee 

i 

BS 

J 

March 4, 2026 

(248) 767-9840 

fa 

3 

mmm 

Tomer. 

- 

—s 

era 

- 

Address 

AMF Law - 330 Hamilton Row, Suite 350, Birmingham, MI 48009

Michigan Department of Treasury 

~ Form 618, Page 2 

FOR BOARD OF REVIEW USE ONLY 

INSTRUCTIONS: Incorporate a copy of this form and the assigned number in the Board of Review minutes. 

Petition Number 

Parcel Code 

42 

11-325-024-55 

1. ASSESSED VALUE 

Disposition by Board of “ he Board of Review must state the reason for its action below. 

Denied 

Assessed Value Changed From: 

| 

306,300 

fro: 

| 

291,200.00 

| 

Z 

Record of Vote - Board or three member committge 

of board 

i 

ap. 

. 

YES 

a 

: 

YE! 

Chairperson: Alves 

[J no op 

IL 

Member: = 

O no 

{AZ 

Member 

O 

ves 

[no 

Reason for Board Attion: 

AV/TV 

FROM 306,300/306,300 

TO 2 SP/OCV= 

365K 

5/23/24. 

241,200] 24, 230 Gp 

If you disagree with the decision of the Board of Review regarding tentative assessed value, you may appeal that decision by filing a petition with the Michigan Tax Tribunal at 

P.0.Box 30232, Lansing, Mi. 48909. Commercial Real, Industrial Real, Developmental Real, Commercial Personal, Industrial Personal and Utility Personal Property may be 

appealed by May 31. Agricultural Real, Residential Real, Timber - Cut Over Real, and Agricultural Personal Property may be appealed by July 31. The petition must be filed on 

a Michigan Tax Tribunal for or a form approved by the Michigan Tax Tribunal. Michigan Tax Tribunal forms are available at www.michigan.gov/taxtrib. 

2. TENTATIVE TAXABLE VALUE 

Disposition by Board of “g Board of Review must state the reason for its action below. 

[H| 

Denied 

Tentative Taxable Value Changed From: 

306,300 

To: 

291,200.00 

Record of Vote - Board or thre€ member committee of board. 

Chairperson: 

YES 

[1] w&! 

Member: I 

ves 

1 wl) Member: 

[1] YES 

[|] 

NO mms 

Reason for Board 

Action; 

) 

AV/TV FROM 

206,300/306,300 To, Soc 365K 5/23/24. 

281,00(241, 

200 SM 

If you disagree with the decision of the Board of Review regarding tentative assessed value, you may appeal that decision by filing a petition with the Michigan Tax Tribunal at 

P.0.Box 30232, Lansing, Mi. 48909. Commercial Real, Industrial Real, Developmental Real, Commercial Personal, Industrial Personal and Utility Personal Property may be 

appealed by May 31. Agricultural Real, Residential Real, Timber - Cut Over Real, and Agricultural Personal Property may be appealed by July 31. The petition must be filed 

on a Michigan Tax Tribunal for or a form approved by the Michigan Tax Tribunal. Michigan Tax Tribunal forms are available at www.michigan.gov/taxtrib. 

3. CLASSIFICATION 

Disposition by Board of Review. The Board of Review must state the reason for its action below. 

[J 

Denied 

[[] 

Classification Changed From: 

401 

To: 

Record of Vote - Board or three member committee of board. 

Chairperson: [] Yes 

[J Nome 

Member: 

[] Yes 

[1 NO mms 

Member. 

[1 ves 

[1] Noms. 

Reason for Board Action: 

AV/TV 

FROM 306,300/306,300 

TO 

. 

SP/OCV= 

365K 5/23/24. 

If you disagree with the decision of the Board of Review regarding classification, appeal is made by sending Form 2167 to the State Tax Commission, P.O. Box 30471, Lansing, Mi. 48309 by June 30. 

4. QUALIFIED AGRICULTURAL PROPERTY EXEMPTION 

Disposition by Board of Review. The Board of Review must state the reason for its action below. 

O 

Exemption Request Denied 

O 

Exemption percent modified from 

% To: 

% 

Record of Vote - Board or three member committee of board. 

i 

Member: 

[] Yes 

[J 

no. — 

Chairperson: 

[J yes 

[J] 

No 

Member: 

[] YEs 

[J no 

_ 

Reason for Board Action: 

If you disagree with the decision of the Board of Review regarding tentative 

value, you must 

that 

decision 

by filing a petition with the Michigan Tax Tribunal, P.O. Box 30232, Lansing, Mi. 

48909 by July 31. The petition must be filed on a Michigan Tax Tribunal form or a form approved by the Michigan Tax Tribunal. Michigan Tax Tribunal forms are available at www.michigan.gov/taxtrib. 

5. Adjournment 

Date of Final adjournment of Board of Review 

Jfio]ze 

Sw 

Board of Review Secretary 7 Pyar 

Date 

| (0 | wy) 2p

’ 

3128 (Rev. 11-13) 

2026 Taxable Value Calculations Worksheet 

Issued under authority of P.A. 206 of 1893. Filing is mandatory. 

Petition No. 

42 

This form must be completed by the Board of Review (B of R) and made part of the Board of Review Record 

whenever a change is made to an individual parcel of property which causes Taxable Value to change. 

Complete Section 

1 

if the B of R changes Capped Value. 

Michigan Department of Treasury 

L-4035a 

Parcel No. 11-325-024-55 

SECTION 1 

— 

= 

2025 Final Taxable Value as set by Assessor, Board of Review or Michigan 

Tax Tribunal (Enter number into column labeled "By Assessor.")..................... = 

300,000 

300,000 

AMOUNE OF LOSSES ovine ees = 

500 

500 

(See page 11 and 12 of STC Bulletin #3 of 1995 for formulas) 

Amount 

of Additions 

4,600 

4,600 

(See pages 6-11 of STC Bulletin 

3 o 

or 

fol 

change to formula for Replacement Construction). 

TANT: See STC Bulletin No. 3 of 1997 for 

2026 Capped Value 

= (2025 Taxable Value - Losses) 

X CPI 

+ Additions 

=( 

300,000 

- 

500 

yX 

1.027 

+ 

4,600 

= 

312,186 

By 

B of R 

2026 Capped Value 

= 

312,186 

Complete Section 2 if the B of R changes Assessed Value. 

SECTION 2 

By Assessor 

ByBofR 

2026 ASSESSEA VAIUE .....o.ovivvieieeiieeieieiee cee 

ess = 

306,300 

291,200 

2026 Tentative SEV 

= 2026 Assessed Value X 2026 Tentative Equalization Factor 

= 

291,200 

X 

1.000 

= 

291,200 

By B of R 

2026 Tentative SEV = 

291,200 

2026 Tentative Taxable Value is the lesser of the 2026 Capped Value or the 2026 Tentative SEV. 

2026 Tentative Taxable Value = 

291,200 

Signature of Secretary, Board of ill 7S yir® 

AE 

= [ o 570 

www. michigan.gov/treasury

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