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Assessor briefs council on March Board of Review schedule, expected valuation changes
Summary
Southfield's assessor told council that notices mailed Feb. 14 reflect a 3.1% inflation adjustment to taxable value; residential assessed values were recommended up roughly 5.5% while industrial values were recommended up about 7.14%. March Board hearings will restore appeal rights for homeowners.
Southfield’s assessor briefed the City Council on Feb. 20 about the upcoming March Board of Review schedule, the content of recent assessment notices and how property owners can appeal.
The assessor said notices were mailed Feb. 14 and will include current and prior-year assessed and taxable values, the assessor’s reason for any change, an estimate of the change to annual taxes, and classification and ownership information. The assessor said the annual inflation rate used this year is 3.1 percent "so all taxpayers should expect to be increased by 3.1% on their…
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