Different tax rate in same city? (Brighton, Northville: property taxes, rental, houses)

[remy186]

I was looking for houses in Brighton, Northville areas and noticed in the same city different taxes for similar houses.
Example.....two houses in Brighton each built 10 years ago 2700 Sqft 4 bedroom 2 bath $269000 but one has listed taxes for $3500 the other $5500.

Anyone know why? How do they calculate the price?

Any signs the property taxes will go down?
Thanks

[magellan]

Originally Posted by remy186

I was looking for houses in Brighton, Northville areas and noticed in the same city different taxes for similar houses.
Example.....two houses in Brighton each built 10 years ago 2700 Sqft 4 bedroom 2 bath $269000 but one has listed taxes for $3500 the other $5500.

Anyone know why? How do they calculate the price?

Any signs the property taxes will go down?
Thanks

Could be several reasons:

) One might be a "homestead', the other "non-homestead". If you live in your home year round, you pay a lower tax rate than if it's a seasonal or rental home (non-owner occupied).
) Might depend on the school system. Schools in Michigan do not follow city boundaries, so two homeowners in the same municipality might pay different tax rates, depending on the school system they attend.
) Generally speaking, townships are cheaper than cities, because you have fewer services (volunteer fire, county police instead of city police, etc.).
) The state has a property tax calculator page:
https://treas-secure.state.mi.us/pte...TEstimator.asp
) Generally, annual property taxes are about 1.3 - 2.3% of your market value in my experience, for homestead rate.
) In some areas, assessed values have gone down to reflect market values. But not a lot.

[allbusiness]

Also, if the home has not been sold in years, the taxes only increase at the rate of inflation. As soon as a home sells, it readjusts to market value taxes. Two exact homes, even side by side, can vary greatly in taxes. Thank proposal "A"!

[TaxBait]

Also you should not go by the current taxes. It would be safest to contact the township/city and ask what the taxes would be if you paid $x. And if the price paid is less than SEV, it might seem obvious that the value would adjust down, but you may have to fight the assesment. To quote one of my board members "Just because someone is willing to sell it for that doesn't mean its not worth more". Apparently they don't believe the market sets "market value".