REO Fundit 1 Asset LLC - Charter Township of Flint 25-002095-TT.pdf
Reo Fundit 1 Asset LLC, Petitioner Vs. Township Of Flint, Respondent · 25-002095-TT
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STATE OF MICHIGAN MICHIGAN TAX TRIBUNAL REO FUNDIT 1 ASSET LLC, Petitioner, Charter Township of Flint, Respondent. MTT DOCKET NO. 25-002095-TT PROOF OF SERVICE Michelle (Mikki) M. Silvey, being first duly sworn, deposes and says that on the 16% day of September 2025 she served a copy of the Petition upon the following persons by placing same in an envelope properly addressed to each via USPS first class thereon: Domonique D. Clemons Genesee County Clerk 324 S Saginaw St Flint, MI 48502 Mellissa K. Hayduk Genesee County Equalization Director 324 S. Saginaw Street, Suite 8B Flint, MI 48502 SWARTZ CREEK COMMUNITY SCHOOLS Andrea Fick, School Board Secretary 8354 Cappy Lane Swartz Creek, MI 48473 Michigan State Treasurer Department of Treasury Treasury Building 430 West Allegan Lansing, MI 48922 Miictas (0 re) Michelle (Mikki) M. Silvey (P69494) Authorized Agent
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STATE OF MICHIGAN MICHIGAN TAX TRIBUNAL REO FUNDIT 1 ASSET LLC, Petitioner, MTT DOCKET NO. 25-002095-TT Charter Township of Flint, Respondent. PROOF OF SERVICE Michelle (Mikki) M. Silvey, being first duly sworn, deposes and says that on the 16" day of September 2025 she served a copy of the Petition upon the following persons by placing same in an envelope properly addressed to each via certified mail thereon: Paula Dotson Karyn Miller Township of Flint Assessor Township of Flint Supervisor 1490 S. Dye Road 1490 S. Dye Road Flint, MI 48532 Flint, MI 48532 Manya Triplett Township of Flint Clerk 1490 S. Dye Road Flint, MI 48532 Micke (0 ve) Michelle (Mikki) M. Silvey (P69494) Authorized Agent
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STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN TAX TRIBUNAL REO FUNDIT 1 ASSET LLC , MTT Docket No. 25-002095 TT Petitioner, v Charter Township of Flint Respondent. Michelle (Mikki) M. Silvey (P69494) Alex Morse DuCharme, McMillen & Associates, Inc. Representatives for Petitioner 9229 Delegates Row, Suite 375 Indianapolis, IN 46240 (317) 689-6467-ofc (917) 488-7825-mobile msilvey@dmainc.com amorse@dmainc.com ENTIRE TRIBUNAL PROPERTY TAX PETITION —- MULTIPLE PARCEL PETITION 1. Property Parcel No.: 07-28-526-014 2. The property identified above is _real § 3. More than one parcel of real property is included in the subject of this appeal and the parcels are contiguous.
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MTT Docket No. 25-002095 -TT Page 2 of 5 4. Petitioner owns and/or otherwise holds an interest in the parcels of property that are the 10. 11. 12. 13. 14. subject of this appeal. The property identified above is classified as _ 201 Commercial-Improved The assessment(s) at issue were not protested to Respondent’s March, July, or December Board of Review as a protest was not required. The property or properties at issue are in _Genesee County. The property identified above’s address is: 4071 Miller Rd, Flint, MI 48507 The assessment(s) at issue were established by the: Charter Township of Flint Petitioner’s legal residence or principal office address is: 19790 W Dixie Hwy, Ste 902, Miami, FL 33180 This appeal involves issues relating to the property or properties’ true cash and taxable values and uniformity. The tax year at issue is: 2025. The values for the property identified above as established by Respondent’s 2025 Board of Review are: Tax True Cash Assessed Taxable Year Value Value Value 2025 $3,116,000 $1,558,000 $1,546,809 Petitioner contends the values for tax year 2025 are no more than the following: Tax True Cash State Equalized Taxable Year Value Value Value 2025 $1,500,000 $750,000 $750,000
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MTT Docket No. 25-002095 -TT Page 3 of 5 15. The values in contention for tax year 2025 are: Tax True Cash State Equalized Taxable Year Value Value Value 2025 $1,616,000 $808,000 $796,809 16. The 2025 assessments imposed on the subject property and the taxes to be levied and collected are invalid because: (a) The assessment, including state equalized and/or taxable value, exceeds the amount permitted by the Michigan Constitution and applicable statutes; (b) The assessment, including state equalized and/or taxable value, is at a higher percentage of true cash value than permissible under the Michigan Constitution and applicable statutes; (c) The assessment is based on the misapplication of valuation principles, and (d) The assessment otherwise violates Petitioner’s rights. WHEREFORE, Petitioner respectfully requests this honorable Tribunal hear this case and enter an order reducing the 2025 true cash, state equalized and taxable values and direct Respondent to refund to Petitioner any excess taxes, fees, and penalties paid, plus interest and costs, and all other relief to which it is entitled under Michigan law and as is appropriate under the circumstances. Respectfully submitted, DuCharme, McMillen & Associates, Inc. Midas (0 ro) Dated: May 3] , 2025 By: Michelle (Mikki) M. Silvey (P69494) Petitioner's Representative
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MTT Docket No. 25-002095 TT Page 4 of 5 REO FUNDIT 1 ASSET LLC MTT Docket No. 25- 002095 TT Petitioner, v Charter Township of Flint Respondent. ENTIRE TRIBUNAL PROPERTY TAX PETITION MULTIPLE PARCEL PETITION FORM 1 OF 1 1. The classification of the property or properties identified herein as established by Respondent’s Board of Review is: Tax Parcel Number Real/Personal Classification Year 2025 07-28-526-015 Real 201 Commercial-Improve 2. The values for the property or properties identified herein as established by Respondent’s Board of Review are: Tax Parcel Number True Cash Assessed Value | Taxable Value Year Value 2025 07-28-526-015 $583,200 $291,600 $277,442
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MTT Docket No. 25- 002095 -TT Page 5 of 5 3. DPctitioncr contends the values for the property or properties identified herein are: Tax Parcel Number True Cash State Equalized | Taxable Value Year Value Value 2025 07-28-526-015 $380,000 $190,000 $190,000 4. The values in dispute for the property or properties identified herein are: Tax Parcel Number True Cash State Equalized | Taxable Value Year Value Value 2025 07-28-526-015 $203,200 $101,600 $87,442