Quest Trust.pdf

Quest Trust Co Petitioner V Township Of Peninsula Respondent · 26-002429-TT

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GRETCHEN WHITMER 

GOVERNOR 

STATE OF MICHIGAN 

LANSING 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

RECEIVED 

MAY 1 5 2026 

MICHIGAN TAX TRIBUNAL 

MARLON |. BROWN, DPA 

DIRECTOR 

PROPERTY TAX APPEAL PETITION FORM 

VALUATION / UNCAPPING 

Do not use this form to appeal Classification, Principal Residence Exemption, Qualified Agricultural Exemption, Other 

Exemptions, Special Assessments, or Non-Property tax disputes. 

Pursuant to Tax Tribunal Rule (TTR) 279, you MUST submit a copy of the notice giving rise to the appeal (i.e., Board of 

Review Decision or other notice) with this petition, if applicable. 

If you do not submit this document, you may be held in 

default. 

Section 1: Petitioner’s Contact Information 

First Name 

M.1. 

Quest Trust Co FBO Ted Kohler 

Last Name/Company Name Kohle 

Mailing Address (No., Street, P.O. Box or Rural Route) 

9600 Eastridge Dr. 

ZIP Code 

49686 

City or Town 

Traverse City 

Mi 

Telephone Number 231 933 0006 

Email Address (do not enter unless you want MTT to send all correspondence via email) 

Section 2: Petitioner’s Attorney/Authorized Representative’s Contact Information 

I. 

First Name 

M.L 

Last Name 

Firm Name (if any) 

Mailing Address (No., Street, P.O. Box or Rural Route) 

City or Town 

State 

ZIP Code 

Telephone Number 

Email Address (do not enter unless you want MTT to send all correspondence via email) 

Section 3: Subject Property Information *use the multiple parcel form for additional, contiguous parcels. 

How many parcels are you 

If you are appealing more than one parcel, are they contiguous or adjoining? 

appealing? 

[J ves 

[J No 

**If No, you must file separate appeals for each parcel 

Property Address (No., Street) 

6323 Center Rd. 

State 

Ci 

t) 

Cod 

*"Y Grand Traverse 

wt 

or 

49686 

City or Town 

Traverse City

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

Section 4: Check which of the following you are appealing check an that appiy) 

True Cash and Taxable Value 

[J Taxable Value Only (calculation) 

"4 Uncapping of Taxable Value 

Section 5: Explain the Reason for this Appeal 

Under Michigan law, True Cash Value is defined as the usual selling price of the property. A recent arm's-length transaction is the most reliable 

indicator of that value. The assessment should reflect this, with appropriate consideration for the property's negative characteristics. 

Based on the purchase price of $240,000, a reasonable State Equalized Value (SEV) would be approximately $120,000, subject to adjustment based on) 

the property's specific impairments. The cument assessed value of $216,100 is excessive and not supported by market evidence. 

Several factors negatively impact the property's market value, which 

| believe should be considered in assessing. 

1. The property Is not currently allowed to connect to the municipal water line that runs in front of property. The existing well produces water with an 

unpleasant odor, which limits usability. 

2. Consumers nero has installed high voltage lines through The Center of The property and along the back property fine, which further impacts value 

and marketabllity. 

3, The property was listed for over a year, and the sale price reflects Real market value under these conditions. Additionally, the home was purchased 

with my retirement funds through an I'R A highlighting the financial importance of an accurate assessment. 

Given these factors, 

| respectfully request that The Michigan Tax Tribunal consider 

d reassessment of The property's taxable value fo reflect the 

property's aclual market conditions, age, structural limitaltons, and encumbrances. 

| dm Happy to provide phalographs, to support this appeal. 

Section 6: Jurisdictional Issues 

Did you protest the assessment at a Board of Review {BOR)? 

Yes 

No 

if Yes, check which BOR you attended: 

March 

[Ma] July 

O December 

Hf No, please check the applicable reason(s): 

Not required to attend 

Appealing a purported Clerical Error or Mutual Mistake of Fact {if yes, include explanation in Section 5) 

[| Appealing within 35 days of State Tax Commission Order 

Appealing within 36 days of receipt of Notice of Uncapping 

Other 

{fyou Checked “other” above, explain: 

Yesriunder 

amped 2024, = $120,000. 2025,= $125,000. 2026 = $130,000.

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

Section 7: Valuation Information *use the multiple parce! form for additional, contiguous parcels. 

Parcel Number: 1 1-336-098-00 

Classification of Property: 

 Reatld 

Personal LJ (check one} 

Agricultural (J 

Commercial (3 

industrial (1 

Residential B 

~~ Timber-Cutover 

[J 

Developmental 0 Utility 

[J {check one) 

Assessed Value (also known as State Equalized Value) established | Taxable Value established by the Board of Review: 

by the Board of Review: 

24 3,240 

213,240 

What do you believe is the fair market valus {also known as true cash value)? 

240,000 

What do you believe is the assessed value? (multiply true cash 

What do you believe is the taxable value? (cannot exceed 

value by .5} 

130,000 

assessed value} 

130,000 

Fee Information 

Does the property have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition for all tax years at 

Issue? 

. 

7 ves 

No 

if you answered yes to the above question, you are not required to pay any filing fees. 

tf the property does not have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition for all tax years at 

issue, the filing fee Is based on the greater of the State Equalized Vatue or Taxable Value in dispute. 

if you are appealing more than one 

parcel, the parcel with the highest State Equalized Value or Taxable Value in dispute will be used to determine your filing fee, plus $25.00 

will be added for each additional parcel being appealed, not to exceed a total fiting fee of $1,000.00 

if your property is residential properly (see MCL 205.762) and 

the State Equalized Value or Taxable Value in contention Is: 

Filing Fee is: 

$160,000.00 and under 

$125.00 

$100,000.01 to $500,000.00 

$200.00 

$0ver $500,000.00 

$300.00 

(f the property Is NOT residential property (sea MCL 205,762) and 

the State Equalized Value or Taxable Value in contention is: 

Filing Fee Is: 

$100,000.00 and under 

$250.00 

* Plus $26.00 for each additional parcel, as indicated above. 

If the property is NOT residential property and the State Equatized Value or Taxable Value in dispute is $100,000.01 or greater the 

appeal deas not qualify for Small Claims. Therefore, an Entire Tribunal petition must be filed. 

S ignature *Required 

YR 

Signature: 

sf 

AM

04/06/2026 

11:22 

AM 

2026 BOARD OF REVIEW DECISION 

FROM 

PENINSULA TWP ASSESSOR 

SALLY MURRAY, MAAO 

13235 CENTER ROAD 

TRAVERSE CITY MI 49686 

NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL: 

QUEST TRUST CO FBO TED KOHLER 

2001 SPRING RD STE 700 

OAK BROOK IL 60523 

PROPERTY IDENTIFICATION: (Parcel Code required. Property address 

and legal description optional.): 

2811-336-098-00 

6323 CENTER RD 

PRT OF THE NW 1/4 OF THE SE 1/4 SEC 36 T28N R11W COM 

ON E LN 429.75 FT S OF NE COR, TH S 60 DEG 55'W 510.76 

FT, TH S 65 DEG 45'W 477 FT TO POB TH S 65 DEG 45'W 

239.26 FT, TH S 320 FT TO CTR OF HWY M-37, TH NELY 

ALG HWY C/L. TO APT S OF POB, TH N 233.76 FT M/L TO 

POB. SUBJ TO AN EASEMENT FOR OVERHEAD ELECTRIC 

LINES RECORDED AT 2013R-03278, 

"HIS PROPERTY IS CLASSIFIED A$ 

401 

(RESIDENTIAL-IMPROVED) 

Thank you for attending this years March Board of Review. The Board has reviewed the information you supplied and the data necessary 

to compute your assessment and taxable value. 

The Board has completed their review of parcel number 2811-336-098-00 

They have made the following determination based on the information you supplied. 

Board of Review Comments: 

AV/TV FROM 245,300/218,997 TO 216,100/216,100. SP 240K IN 10/22/21. OCV 240K +/-. MBOR DISCOUNTED LAND 25% TO ACCOUNT FOR 

UTILITY ESMT BISECTING PROPERTY. 

| 2026 ORIGINAL ASSESSED VALUE 

245,300 

| 2026 "BOARD OF REVIEW" ASSESSED VALUE 

216,100 

(If the above amounts are the same, no revisions have occured) 

2026 ORIGINAL TAXABLE VALUE 

218,997 

| 

: 

2026 "BOARD OF REVIEW" TAXABLE VALUE 

216,100 

2026 PRINCIPAL RESIDENCE EXEMPTION/QUALIFIED AG 

0.0000 

| 

Please feel free to contact the assessor at the address listed above or call if you have any questions. 

“Effective March 1, 2013, the Tribunal is no longer able to accept Small Claims letter appeals. Rather, you are required to file a petition to 

initiate a new Small Claims appeal. Petition forms are available on this website.” 

http://www .michigan.gov/taxtrib/0,4677,7-187-38254---,00.htm}

GRAND TRAVE 

COUMTY 

Home > Parcel Search > Property Details 

PROPERTY DETAILS 

tina this Location on Map 

COoViD-19 

GOVERNMENT 

H 

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DOING BUSINESS 

COMMUNITY 

HOW DOL... 

Grand Traverse County Property Information 2025 

Parcel: 

Jurisdiction: 

Owner Name: 

Property Address: 

Mailing Address: 

2025 Property Information 

Current Taxable Value: 

School District: 

Current Assessment: 

11-336-098-00 

Peninsula Township 

QUEST TRUST CO FBO TED KOHLER 

6323 CENTER RD 

TRAVERSE CITY, MI 49686 

2001 SPRING RD STE 700 

OAK BROOK, IL 60523 

$216,100 

28010 

$216,100 

SERVICES 

Permalink

G R A N D IR AV E 

CoVID-19 

GOVERNMENT 

SERVICES 

COMRTY 

2023 

DOING BUSINESS 

© 

COMMUNITY 

~~ HOW DO I... 82355 

2022 

Cd 

$1,736.72 

Delinquent Tax Information 

For current delinquent tax information or to pay your delinquent taxes online, CLICK HERE and you wilt be 

redirected to a third party site. 

Property Sale Information 

Sale Date 

Sale Amount 

Liber and Page 

10/22/2021 

$240,000.00 

2021R-23713 

10/21/2020 

$0.00 

Tax Description 

PRT OF THE NW 1/4 OF THE SE 1/4 SEC 36 T28N R11W COM ON E LN 429.75 FT S OF NE COR, TH S 60 DEG 55'W 

510.76 FT, TH S 65 DEG 45'W 477 FT TO POB TH S 65 DEG 45'W 239.26 FT, TH S 320 FT TO CTR OF HWY M-37, TH 

NELY ALG HWY C/L TO A PT S OF POB, TH N 233.76 FT M/L TO POB. SUBJ TO AN EASEMENT FOR OVERHEAD 

ELECTRIC LINES RECORDED AT 2013R-03278. 

Grand Traverse County 

Governmental Center 

400 Boardman Avenue 

Traverse City, Ml 49684 

Editors 

Search By LIAA

03/05/2026 12:37 

PM 

Michigan Zepariment of Treas 

stothe/ 1112) 

ad 

y 

. 

Pgtition to Board of Review 

This form is 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 or 

the State Tax Commission unless you first protest 1o the Board of Review 

TO BE COMPLETED BY OWNER OR OWNER'S AGENT 

Owner's Name (Piease Frnt of Type) 

Petitioner's Name {if Other than Owner. Please Pnnt of Type) 

QUEST TRUST CO FBO TED KOHLER 

Township or City 

County 

PENINSULA TOWNSHIP 

GRAND TRAVERSE 

The undersigned protests the assessed value and/or the tentative taxable value sndfor the property classification and/or the qualified agricultural property exemption of 

L-4035 

the following described property: 

Property Identfied {Parcel code required. Property address & legal descrpbon optional) 

11-336-098-00 

PRT OF THE NW 1/4 OF THE SE 1/4 SEC 36 T28N R11W COM ON £ LN 429.75 FT § OF NE COR, THS 60 

DEG 553 510.76 FT, TH S65 DEG 45W 477 FT TO POB TH S 65 DEG 45W 239.36 FT, THS 320 

FT 

TOCTR 

OF HWY 4-37, THNELY ALG HWY CL TO A PT $ OF POB, THN 233.76 FT ML TOPOB, SUBJ TOAN 

EASEMENT FOR OVERHEAD ELECTRIC LINES RECORDED 

AT 2013R-03278. 

6323 CENTER RD 

Protested Item 

Assessed Value 

Tentative Taxable Value 

[J Classification 

J Qualifed Agricultura 

Property Exemption 

1. 

PROTEST OF AGSESSMENT 

(Complete this section for a protest of assessed value and/or tentalive taxable value) 

Assessed Amount 

[Owner's Estimated True Gash Value 

Tentative Taxable Value 

Year 

245,300 

218,997 

2026 

2. 

PROTEST OF CLASSIFICATION 

(Complete this section for a tequest to change the classification, The Board of Review mus| 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 

thal property’s status as a homeowner's principal residence or qualified agricutturat property} 

Classification of property 

on this year's assessment rolf; 

4 0 1 

Classificalion should be; (Please check one of the following) 

[3 Industrial 

[1 Residential 

[Timber Cutover 

Cutility (Personal Property Only) 

[pevelopmental 

[1 Agricultural 

0 commercial 

3. 

PROTEST OF EXEMPTION FOR QUALIFIED AGRICULTURAL PROPERTY 

(If the assessor has denied or changed Ihe percentage of the exemption from the 18 mills of local school operating tax for qualified agricultural property, 

the owner may appeal this action lo the March Board of Review. THE BOARD OF REVIEW HAS NO AUTHORITY TO CONSIDER OR ACT UPON THE 

EXEMPYION FROM THE 18 SCHOOL OPERATING MILLS FOR HOMEOWNER'S PRINCIPAL RESIDENCE PROPERTIES } 

Percent qualified agricultural exemption granted by assessor. (Enter 0 if exerplion is denied) 

Percent qualified agricultural exemption requested by Owner: (Enter 100 1 full 

exemption requested) 

4. 

REASON FOR PROTEST 

Stale reason(s) for prolest of assessed value and/or the tentalive taxable value and/or classification and/or qualified agriculturat property exemption.

STATE OF MICHIGAN 

DOCKET NUMBER 

DEPARTMENT OF LABOR & ECONOMIC GROWTH 

PROPERTY TAX APPEAL 

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 Atlorney (if any) Name and Address 

Quest Trust Co FBO Ted Kohler 

8600 Eastridge Dr. 

Traverse Cty Michigan 49686 

Petitioner's Daytime Phone No,_ 

(231) 933-0008 

Agent/Attarney Phone No, 

(residential, agricultural, personal, commercial, industrial, timber cutover, 

3. Classificalion of property 

residential 

personal utility, developmental) 

4. Location of Properly: 

City 

Local School District: 

County, 

Grand Traverse County 

Pownship Peninsula TWP 

Traverse City 

5. Did Petitioner protest to the Board of Review? 

® 

Yes 

C )) 

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. 

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. 

Cl Petitioner is appealing within 30 days of issuance of a State Tax Commission Order. 

[Jretiioner 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? 

( ) 

Yes 

® 

No 

7. Check the reason for this appeal and explain in the space provided. 

[I the property's true cash value and taxable value are incorrect. (SEE Line by Line Instructions.) 

EJthe property's taxable value only is incorrect. 

[I uncapping of the property’s taxable value is improper. 

| Petitioner was denied a property tax exemption. 

1] 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 each parcel, for each tax year being 

appealed. 

Parcel Number 

Tax Year 

State Equalized Value or 

Taxable Value on Roll 

Assessed Value on Roll 

11-336-098-00 

2026 

$218,997.00

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 

11-336-098-00 

2026 

$240,000.00 

$120,000.00 

10. 

Explain the basis of your appeal. 

Under Michigan law, True Cash Value is defined as the usual selling price of the property. A recent 

arm's engin transaction 1s the most reliable inaicator of the property. purchase price $240,000; A 

raaconable SEA], 

d-be-anrox-$120-000-bacsed-an-spacifie-i 

i 

Ari 

e-impairments 

FEaSONabiC1oT Vv 

I Wotmt-DE aprox 

uo, vvd-DasSea- ON SPECHC-HRParMEemSs: 

11. Does the property have a principal residence exemption of at least 50% for the tax year(s) at issue? 

fo) Yes: Petitioner is not required to pay a fee for the filing of this appeal. 

fo} 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 aitorney, Petitioner is required to sign: 

If using an agent or attorney, only agent or attorney is required to sign: 

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, Ml 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 pofitical beliefs. 

If you need assistance with reading, writing, hearing, etc., under the Americans with Disabilities Act, you may make 

your heeds 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 

TT262 Revised 81/05 

1973 PA 186, As Amended

Iressuy 

RD OF REVIEW USE ONLY 

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

umber 

© 

Parcel Code 

20 

11-336-098-00 

«SSESSED VALUE 

Denied 

Assessed Value Changed From: 

0 

0! 

Record of Vote - Board or threé member commitige 

of board 

Chairperson: [X(ves 

0 wo 

Jef. 

Member; Nes 

O wo nN 

Member. 

[] ves 

[J no 

ifal 

nitials 

_} 

Reason for Board Action: 

AV/TV 

FROM 245,300/218,997 

TO 216,100/216,100. 

SP 240K 

IN 10/22/21. 

OCV 240K +/-. 

MBOR 

DISCOUNTED LAND 25% 

TO ACCOUNT 

FOR UTILITY ESMT BISECTING PROPERTY. 

Disposition by Board of Review, 

Zhe Board of Review must slate the reason for its action below. 

[235300 

fro: 

| 

216,100.00] 

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

P.0.Box 30232, Lansing, Mi. 48009. Commercial Real, Industrial Real, Developmental Real, Commercial Personal, Industial Personal and Utility Personal Property may be 

appealed by May 31. Agricultural Real, Residential Real, Timber - Cut Over Real, and Agricullural 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.govAaxisib, 

2. TENTATIVE TAXABLE VALUE 

Disposition by Board of Review. 

The Board of Review must state the reason for its action below, 

[7] 

Denied 

218,997 _ To;_216,100.00 

Record of Vote - Board or threefmamber committee 

of board. 

Chairperson: BY 

ves 

[J 

No 

£8— 

Member: NW 

ves 

M1 wD Member: 

[1 YES 

[7] no—pmm 

Reason for Board 

Aton; 

B 

AV/TV 

FROM 

2/45,3006/218,997 0 216,100/216,140. 

SP 

240K 

IN 

10/22/21. 

OCV 

240K 

+/-. 

MBOR 

DISCOUNTED LAND 25% 

TO ACCOUNT 

FOR UTILITY 

ESMT BISECTING PROPERTY. 

It 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. 48808. 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 8 Michigan Tax Tribunal for or a form approved by the Michigan Tax Tribunal. Michigan Tax Tribunal forms are available al www.michigan.govitaxtib. 

Tentative Taxable Value Changed From: 

3. CLASSIFICATION 

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

[J 

benied 

[J 

Classification Changed From: 

401 

To: 

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

Chairperson: [1 ves 

[J 

No-fmmm~ 

Member: 

[J ves 

[7] 

No mmm 

Reason for Board Action: 

AV/TV FROM 245,300/218,%97 

TO 216,100/216,100. 

SP 240K 

IN 10/22/21. 

OCV 240K +/~. 

MBOR 

DISCOUNTED LAND 25% 

TO ACCOUNT 

FOR UTILITY ESMT BISECTING PROPERTY. 

1f you disagrea with tha decision of the Board of Review regarding classification, appeat is mada by sanding Form 2167 lo the State Tax Commission, P.O. Box 30471, Lansing, Mi. 48909 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. 

Member: 

[1 ves 

[[] No was 

[| Exemption Request Denfed 

[| Exemption percent modified from 

% To. 

% 

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

Chairperson: 

YE 

NO 

ber: 

YES 

I 

p 

ves 

Member 

0 

OO no cm 

Member 

[7] ves 

[7 no

rensry 

So 

. 

L-4035a 

ior 

Parcel 

No. 11:336-098-00 

h 

.xable Value Calculations Worksheet 

arcel 

No. 11-336.098:00 

/iuthority of P.A. 208 of $893, Fling Fs mendatory, 

: 

Petition No. 20 

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

.enever a change Is made to an individual parcel of property which causes Taxable Value to change. 

3 ‘Complete Section 1 if the B of R changes Capped Value. 

SECTION 1 

By Agsessor 

ByBofR 

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

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

213,240 

213,240 

AMOUNT OF LOSSES cruvverercecriernimiisicresnssassssasisssostssssirsssirsisassssssssamntensans = 

0 

[1] 

(See page 14 and 12 of STC Bulletin #3 of 1995 for formulas) 

AMOUNE Of AGIONS ...vvovuceeseresesseessseeresnmrerertesssissssrmssssistsssssasssssessssssassasions = 

0 

0 

(See pages 6-11 of STC Bulletin # 3 of 1995 for formulas. IMPORTANT: See STC Bulletin No. 3 of 1897 for 

change to formula for Replacement Construction). 

2026 Capped Value 

= (2025 Taxable Value - Losses) 

X cpl 

+ Additions 

= 

( 

213,240 

- 

0 

)X 

1.027 

+ 

0 

= 

218,997 

By BofR 

2026 Capped Value 

= 

218,997 

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

SECTION 2 

| 

Ass 

. 

2026 ASSESSEH VILE ..ocvvirenreesrimmiimiinen 

inne 

senses sasi sie = 

245,300 

216,100 

2026 Tentative SEV 

= 2026 Assessed Value X 2026 Tentative Equalization Factor 

= 

216,100 

x 

1000 

= 

216,100 

By BofR 

2026 Tentative SEV = 

216,100 

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

2026 Tentative Taxable Value = 

216,100

C00 

. 

Hp eg 

BUTE 

FR TT

958% 

071.0 

5270 

182k 

L587 

i of Midi 

Po. Bex 

Karin, a

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