GFT Southbelt LLC.pdf
Gft Southbelt LLC, Petitioner V Township Of Caledonia, Respondent · 24-003617-TT
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Page 1
STATE OF MICHIGAN
DEPARTMENT OF LABOR & ECONOMIC GROWTH
PROPERTY TAX APPEAL
DOCKET NUMBER
MICHIGAN TAX TRIBUNAL
PETITION FORM
SMALL CLAIMS DIVISION
Failure to complete this form, including signature, and return it by filing deadline will result in dismissal.
If additional space is needed to provide the information requested, please use a separate sheet.
1. Petitioner(s) Name and Address
2. Agent or Attorney (if any) Name and Address
GFT Southbelt LLC, Eric Gustafson, Gufstafson Trust
McGuire Sponsel LLC
112 Bay Circle Dr, Hollland, MI 49424
4925 Greenville Ave, Suite 775, Dallas, TX 75206
Petitioner's Daytime Phone No._{616) 378-8806
AgentiAttorney Phone No.__(678) 779-4161
Industrial
{residential, agricultural, personal, commercial, industrial, timber cutover,
3. Classification of property
'NAustria
personal utility, developmental)
4. Location of Property:
City
_Holland
Local School District:
County_Kent
Panshio Caledonia
Caledonia Community Schools
5. Did Petitioner protest to the Board of Review?
[0]
Yes
[o]
No
if no, please check all applicable reasons below and explain in the
space provided.
[| The Assessment Change Notice was not properly sent to Petitioner prior to the March Board of Review.
[I] Petitioner is appealing within 30 days of issuance of notice of action taken by July or December Board of Review.
[| Petitioner is appealing a Clerical Error or Mutual Mistake of Fact.
Ol Petitioner is appealing within 30 days of issuance of a State Tax Commission Order.
J Petitioner is appealing within 35 days of receipt of Notice of Taxable Value Uncapping.
|
6. Did Petitioner request a Poverty Exemption at the Board of Review?
O
Yes
®
No
7. Check the reason for this appeal and explain in the space provided.
The property's true cash value and taxable value are incorrect. (SEE Line by Line Instructions.)
the property's taxable value only is incorrect.
Che uncapping of the property's taxable value is improper.
O Petitioner was denied a property tax exemption.
[| Petitioner was denied a poverty exemption.
8. Provide the Board of Review's determination of the state equalized or assessed value and taxable value for sach parcel, for each tax year being
appealed.
Parcel Number
Tax Year
State Equalized Value or
Taxable Value on Roll
Assessed Value on Roll
41-23-07-202-001
2024
$3,336,200.00
$3,253,700.00Page 2
9. Provide Petitioner's contention or belief of the true cash ( fair market) value and taxable value for each parcel, for each tax year being appealed Parcel Number Tax Year True Cash (Fair Market) Value Taxable Value Contention Contention 41-23-07-202-001 2024 $6,263,153.00 $3,131,576.00 10. Explain the basis of your appeal. Marshall and Swift Cost Approach 11. Does the property have a principal residence exemption of at least 50% for the tax year(s) at issue? QO Yes: Petitioner is not required to pay a fee for the filing of this appeal. ® No: Petitioner is required to pay a fee for the filing of the appeal. (See Fee Schedule.) Failure to remit a required fee with this Form may result in dismissal. Amount Paid: 12. If not using an agent or attorney, Petitioner is required to sign: \ adn Wafer If using an agent or attorney, only agent or attorney is required to sign’ Nick Kesling A \ PLEASE RETURN THE ORIGINAL AND ONE COPY OF THIS COMPLETED FORM WITH TWO COPIES OF ANY ATTACHMENTS to: Michigan Tax Tribunal, PO Box 30232, Lansing, MI 48909. Keep a copy of the Form and any original attachments for your records. The Department of Labor & Economic Growth will not discriminate against any individual or group because of race, sex, religion, age, national origin, color, marital status, disability or political beliefs. If you need assistance with reading, writing, hearing, etc., under the Americans with Disabilities Act, you may make your needs known to this agency. For further information, please contact the Tribunal at: PH: (517) 373-3003 Web Site: www.Michigan.gov/taxtribunal E-mail: taxtrib@Michigan.gov T7262 Revised 01/05 1973 PA 186, As Amended
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6/26/2024 Summary Report Page: Estimate Number 24 Estimate ID 41-23-07-202-001 Property Owner GFT Southbelt LLC Property Address 6850 Southbelt Dr SE Property City Caledonia State/Province MI ZIP/Postal Code 49316 Section 1 Occupancy Class Height Rank 100% Industrials, Light Mfig. Metal frame and walls 24.00 2.0 Total Area 1 100,751 Number of Stories (Section) : 1.00 Shape + 2.00 Effective Age (years) © 15.00 Components Units/% Other Land and Site: Land 791,400 Site Improvements 197,616 Cost as of 04/2024 Units/% Cost Total Basic Structure Base Cost 100,751 56.96 5,738,771 Exterior Walls 100,751 9.08 914,819 Heating & Cooling 100,751 5.39 543,048 Basic Structure Cost 100,751 71.43 7,196,644 Extras Site Improvements - Depreciated 197,616 Replacement Cost New 100,751 73.39 7,394,260 Less Depreciation Physical & Functional 26.0% 1,922,507 Depreciated Cost 100,751 54.31 5,471,753 Miscellaneous Land 791,400 Total Cost 100,751 62.16 6,263,153
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6/26/2024 Input Data Listing Page: Estimate Number © 24 Estimate Number Property Owner Property Address Property City State/Province ZIP/Postal Code Estimate ID Surveyed By Survey Date Apply depreciation % to Replacement Cost New Section 1 Occupancy 494 Industrials, Light Mftg. Total Area ‘Number of Stories (Section) Shape Effective Age (years) Typical Life (years) Base Date Depreciation Type Components Land and Site: 61 Land 62 Site Improvements 124 : GFT Southbelt LLC : 6850 Southbelt Dr SE : Caledonia : MI : 49316 + 41-23-07-202-001 : Tanner Cox : 06/19/2024 : Yes % Class 100 N 24 2 : 100751 il © 2 : 15 : Marshall & Swift Tables : 01/2024 : Marshall & Swift Tables Unity/% Rank Depr % Other 791400 197616
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6/26/2024 Detailed Report Page: Estimate Number: 24 Estimate ID: 41-23-07-202-001 Section 1 Occupancy 100% Industrials, Light Mfig. Total Area Number of Stories (Section) Shape Effective Age (years) Components Land and Site: Land Site Improvements Cost as of 04/2024 Basic Structure Base Cost Exterior Walls Heating & Cooling Basic Structure Cost Extras Site Improvements - Depreciated Site Improvements Replacement Cost New Less Depreciation Physical & Functional Depreciated Cost Miscellaneous Land Land Total Cost Class Height Rank Metal frame and walls 1 100,751 © 1.00 $2.0 : 15.0 Units/% 24.00 2.0 Other 791,400 197,616 Units Unit Cost Total Cost Less New Depreciation Total Cost Depreciated 100,751 100,751 100,751 100,751 100,751 26.0% 100,751 100,751 56.96 9.08 5.39 71.43 73.39 54.31 62.16 5,738,777 914,819 543,048 7,196,644 1,492,082 237,853 141,192 1,871,127 197,616 51,380 7,394,260 1,922,507 791,400 4,246,695 676,966 401,856 5,325,517 146,236 5,471,753 5,471,753 6,263,153
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