Michigan Department of Treasury
L-4400
1019 (Rev. 10-20)
THIS IS NOT A TAX BILL
Notice of Assessment, Taxable Valuation, and Property Classication
This form is issued under the authority of Public Act 206 of 1893, Sec. 211.24c and Sec.211.34c, as amended. This is a model assessment notice to be used by the local assessor.
FROM:
PARCEL IDENTIFICATION:
PARCEL CODE NUMBER:
PROPERTY ADDRESS:
NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL:
PRINCIPAL RESIDENCE EXEMPTION
% Exempt As “Homeowners Principal Residence”: .00%
% Exempt As “Qualied Agricultural Property”: .00%
% Exempt As “MBT Industrial Personal”: .00%
% Exempt As “MBT Commercial Personal:” .00%
Exempt As “Qualied Forest Property”: Yes No
Exempt As “Development Property”: Yes No
ACCORDING TO MCL 211.34c THIS PROPERTY IS CLASSIFIED AS:
PRIOR YEAR’S CLASSIFICATION:
The change in taxable value will increase/decrease your tax bill for this year by
approximately:
PRIOR AMOUNT
YEAR: 2020
CURRENT
TENTATIVE AMOUNT
YEAR: 2021
CHANGE FROM
PRIOR YEAR TO
CURRENT YEAR
1. TAXABLE VALUE:
2. ASSESSED VALUE:
3. TENTATIVE EQUALIZATION FACTOR:
4. STATE EQUALIZED VALUE (SEV):
5. There WAS or WAS NOT a Transfer of Ownership on this property in 2020:
The 2021 Ination Rate Multiplier is: 1.014
March Board of Review Appeal Information:
The Taxable Value, the Assessed Value, the State Equalized Value, the Property Classication, or the Transfer of Ownership may be appealed by ling a protest
with the Local Board of Review. Protests are made to the Board of Review by completing a Board of Review Petition Form. A Petition Form may be obtained directly
from the local unit or from the State Tax Commission’s website at www.michigan.gov/taxes. Click on the “Property Taxes” box, select “Forms and Instructions,”
then click on “Board of Review” to obtain a “Petition to the Board of Review,” Form 618 (L-4035).
The Board of Review will meet at: (enter dates and times and place)
Not less than 14 days before the meeting of the Board of Review, the assessment notice shall be mailed to the property owner.
Property taxes are calculated on the Taxable Value (see Line 1 above). The Taxable Value number entered in the “Change from Prior Year to Current Year” Column,
does not indicate a change in your taxes. This number indicates the change in the Taxable Value.
State Equalized Value is the Assessed Value multiplied by the Equalization Factor, if any. State Equalized Value must approximate 50% of market value.
IF THERE WAS A TRANSFER OF OWNERSHIP on your property in 2020, your 2021 Taxable Value will be the same as your 2021 State Equalized Value.
IF THERE WAS NOT A TRANSFER OF OWNERSHIP on your property in 2020, your 2021 Taxable Value is calculated by multiplying your 2020 Taxable Value
by 1.014 (Ination Rate Multiplier for the current year). Physical changes in your property may also increase or decrease your Taxable Value. Your 2021 Taxable
Value cannot be higher than your 2021 State Equalized Value.
The denial of an exemption from the local school operating tax for “qualied agricultural properties” may be appealed to the local Board of Review. The denial of
an exemption from the local school operating tax for a “homeowner’s principal residence” may be appealed to the Michigan Tax Tribunal by the ling of a petition
within 35 days of issuance of this notice. The petition must be 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.
Filing a protest with the Board of Review is necessary to protect your right to further appeal valuation and exemption disputes to the Michigan Tax Tribunal and
classication appeals to the State Tax Commission. Properties classied Commercial Real, Industrial Real or Developmental Real may be appealed to the regular
March Board of Review or to the Michigan Tax Tribunal by ling a petition by May 31. Commercial Personal, Industrial Personal, or Utility Personal Property may be
appealed to the regular March Board of Review or to the Michigan Tax Tribunal by ling a petition by May 31 if a personal property statement was led with the local
unit prior to the commencement of the Board of Review as provided by MCL 211.19, except as otherwise provided by MCL 211.9m, 211.9n and 211.9o. The petition
must be 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.
To claim a PRE, complete the “Principal Residence Exemption Adavit” (Form 2368) and le it with your township or city of the year of the claim. A valid adavit
led on or before June 1 allows an owner to receive a PRE on the current year summer and winter tax levy and subsequent tax levies so long as it remains the
owner’s principal residence. A valid adavit led after June 1 and on or before November 1 allows an owner to receive a PRE on the current winter tax levy and
subsequent tax levies so long as it remains the owner’s principal residence.
