What is the Real Property Statement that you mailed to me and why are you asking me for this information?

The Michigan Supreme Court has ordered that information about the financing of property sales must be gathered. The purpose of the form is to determine whether favorable financing provided by the seller may have caused the sale price to increase, i.e. mortgage amounts, interest rates, and any personal property received by the buyer, etc. If so, any increase in price due to favorable seller-provided financing must be removed before the sale is considered for property assessment study purposes.

Information disclosed on Real Property Statements is confidential and will only be shared by the:

  • Assessor
  • County Equalization Department
  • State Tax Commission
  • Others involved in and for the determination of assessments

Show All Answers

1. What does the Assessing Department do?
2. What is the difference between Assessed Value and Taxable Value?
3. How are my property taxes calculated?
4. How is my property value calculated?
5. Shouldn’t the Assessed Value be half of what I paid?
6. I recently purchased a home. Will my property taxes be the same as the prior owner’s taxes?
7. What is the Principal Residence Exemption or “Homestead” exemption?
8. Are there any other exemptions/reductions available to me?
9. What is a Property Transfer Affidavit?
10. What is the Real Property Statement that you mailed to me and why are you asking me for this information?
11. What if I am unhappy with my assessment?