Assessing
The Equalization Director for Oakland County is
contracted by the City to act as the Assessor for the City
of Bloomfield Hills. Our Assessor, Ron Maurer, can be
reached at (248) 858-5581. The Assessor handles questions
regarding property appraisals and taxable valuations, as
well as the Board of Review and appeals procedures for
valuations.
Taxing jurisdictions use millage rates and taxable values
of properties to determine the amount of annual property tax
a homeowner must pay. Millage rates are comprised of mills,
where each mill represents one dollar of taxes per 1,000
dollars of taxable value. The taxable value of property is
usually less than the state equalized value (SEV) of the
property, which is approximately ½ of the estimated market
value of the property. Millage rates are set by each
local taxing jurisdiction (i.e. City of Bloomfield Hills,
Birmingham and Bloomfield Hills Schools, intermediate
schools, community colleges, and Oakland County.) Each
jurisdiction is enabled to levy millages through the
authority granted by state law and, where they exist, local
charters and voted millages.
There are several ways that assessments can change:
- The Assessor utilizes various sales studies to
adjust the taxable value every year. This provides
uniform assessments by making each property reflect the
marketplace for similar properties that have been sold
in previous years. On-site appraisals, physical
condition and other factors may also affect appraisal
amounts.
- Individual homeowners who disagree with their
assessments may appeal to the Board of Review. Call the
Assessor’s office at (248) 858-0776 to schedule an
appointment.
The State Equalized Value (SEV) and market value of
properties always change along with the market for property
in a given area. The Taxable Value of property is usually
lower than the SEV, because of the "cap" on the growth of
Taxable Value, which is a result of the passage of Proposal
A by the voters of Michigan in 1994. Proposal A limits
annual increases in taxable value to 5% or the rate of
inflation, whichever is less. This limit on taxable value
assumes no major changes to the property like new structures
or additions, and normally results in the taxable value
being significantly lower than the SEV. Prospective property
buyers should be aware that the sale of property brings
about the "uncapping effect" on the Taxable Value of the
property. Then the limit on the growth of Taxable Value is
applied to future increases according to Proposal A, or
until there is another sale.
Board of Review
The Finance and Treasury Department coordinates with the
Oakland County Assessor for the three annual Boards of
Review (the second & third Saturdays in March, and a Tuesday
in July and December). The March Board of Review
typically handles appeals in which the property owner
disputes the amount of the Assessed Value of their property.
Market comparisons are usually prepared by the appellant,
and include at least 3 to 5 comparable properties. The
July and December Board of Review sessions typically focus
on mid-year changes in the status of a property for
homesteads and uncapping or clerical errors. To
prepare for the Board of Review, consult with our Assessor.
|