Oakland County, Michigan Property Taxes

In Oakland County, MI, homeowners who believe their property tax assessments are inaccurate have the right to appeal. The process begins with a review of the property's assessed value, which determines the tax bill. Homeowners can file an appeal if they believe the assessed value exceeds the property's market value or if there are errors in the assessment. The first step is to submit a formal appeal to the local Board of Review, which evaluates the evidence presented by the homeowner. This evidence may include recent property sales data, an independent appraisal, or documentation of any discrepancies in the assessment.

During the hearing, the Board of Review listens to the homeowner's case and may ask questions to clarify the evidence. The board then makes a decision, which can result in a reduction, no change, or, in rare cases, an increase in the property's assessed value. If the homeowner is not satisfied with the board's decision, they can further appeal to the Michigan Tax Tribunal.

Ownwell assists homeowners throughout this process by providing expert guidance and support. Our team helps gather the necessary evidence, prepares a compelling case, and represents the homeowner at the Board of Review hearing. With our expertise in property tax law and local market conditions, we aim to secure a fair assessment for our clients. By leveraging data and insights, Ownwell increases the likelihood of a successful appeal, potentially leading to significant savings on property tax bills. Our goal is to simplify the complex appeal process, ensuring homeowners receive the most accurate and fair property tax assessment possible.

In Oakland County, Michigan, homeowners can benefit from several property tax exemption programs, particularly those aimed at primary residences. The Principal Residence Exemption (PRE) is a significant program that reduces the tax burden on a homeowner's primary residence. To qualify, the property must be the homeowner's primary residence, and they must occupy it for at least six months of the year. This exemption removes the obligation to pay the school operating tax, which can significantly reduce the overall tax bill.

Another exemption available is the Disabled Veteran's Exemption, which provides a full property tax exemption for eligible disabled veterans and their surviving spouses. Veterans must be honorably discharged and certified as 100% permanently and totally disabled due to service-related injuries to qualify.

Senior citizens, paraplegics, quadriplegics, and blind individuals may also qualify for additional exemptions or reductions, contingent upon meeting specific income and residency requirements.

Homeowners can apply for these exemptions by submitting the necessary forms and documentation to the local assessor's office. This process can be complex, but Ownwell can assist homeowners in navigating the application process, ensuring all paperwork is completed accurately and submitted on time. With Ownwell’s expertise, homeowners can maximize their property tax savings and take full advantage of the exemptions available to them.