Assessing

The primary purpose of the Assessing Department is to estimate the fair market value, or “true cash value,” of all real and personal property located within the Charter Township of Grand Blanc. The department studies the market and collects information about properties in order to estimate current market value. The Assessing Department maintains records of all types of properties, land, and buildings and also business personal property. 

The Assessed Value is required by law to be established at 50% of True Cash Value. The Michigan Constitution requires similar properties to be uniformly assessed. Uniformity pertains to the method of assessment and the rate of taxation. 

In February each year, the Township mails a Notice of Assessment to each property owner. This notice provides each taxpayer with their property’s change in Assessed Value and Taxable Value from the previous year. The Notice of Assessment also provides the property’s Principal Residence Exemption percentage and Property Classification. 

This Notice of Assessment lists the prior year’s values and the current year change representing: 

• Assessed Value 
• Tentative State Equalized Value 
• Capped Value 
• Taxable Value 
• The difference in value between the two years 
• Principal Residence Exemption Percentage

The Assessed Value and Tentative State Equalized Value listed on this notice represents 50% of the estimated True Cash Value/Market Value of your property. It represents both physical changes in your property for the year as well as market generated changes. The Assessed Value can increase or decrease annually based on the real estate market performance.