What determines the Taxable Value?
On March 15, 1994, Michigan voters approved the constitutional amendment known as Proposal A. The Taxable Value was created as a part of this legislation. Taxable Value, or the figure which millage would be multiplied against, can only increase each year by the rate of inflation or 5%, whichever is lower. The Taxable Value on the property is said to be "Capped" if the property owner has not had any additions or losses on the property or did not purchase it in the preceding year.

The legislators who wrote and put Proposal A on the ballot intended to put a cap on the value of the property so that taxpayers wouldn’t be as affected by a robust housing market and a significant increase in valuation. The intention was to tie the increase in valuation to the inflation rate so that it would be more affordable for and would benefit those residents who intended to remain at their properties for longer periods of time.

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1. When are my taxes due?
2. Can I access my tax account online?
3. I need a copy of a paid receipt. Where can I get one?
4. Who receives the funds from my summer and winter tax bills?
5. How do I make an address change for the tax bill?
6. What do the terms Assessed Value, State Equalized Value and Taxable Value mean on my Notice of Assessment?
7. How does the Assessor determine my Assessed Value?
8. What determines the Taxable Value?
9. What other factors would cause an increase in my taxes?
10. Property values in my neighborhood have been decreasing. Will my property valuation be decreasing as well?
11. Does this mean I’ll have to pay more property taxes instead of less?
12. Why won’t my taxes always decrease if my property value is going down?
13. Will my taxes ever go down?
14. What are some of the disadvantages about the Proposal A legislation?
15. What is the Principal Residence Exemption?
16. Can I contest my Assessed Value and Taxable?
17. What is a mill and, if I don’t have access to the internet, how can I determine my tax amount?
18. What are my payment options? Can I pay online or by phone? Can I pay with credit card, or debit card or e-check?