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Hillsdale Board of Review affirms most assessments, reduces market values on several commercial parcels
Summary
During multi-day March hearings the Hillsdale Board of Review affirmed many assessments, accepted some late-file exemptions (Form 5076), and approved market-value corrections for several commercial properties, including multiple Devine Investment and Hillsdale Renaissance parcels; D&M Hillsdale’s taxable value was uncapped to $432,600.
The Hillsdale Board of Review conducted its March Board of Review hearings on March 9, March 10 and March 23, 2026, and issued decisions on dozens of taxpayer petitions (petition numbers M-26-001 through M-26-054). The assessor presented written and in-person appeals; the board affirmed most assessments, tabled matters needing more documentation, accepted several late-file Form 5076 petitions and reduced assessment values where records or corrected property cards warranted market-value adjustments.
Notable outcomes recorded in the minutes and the assessor’s corrections summary include:
- Charger Property (petition M-26-006): Motion to deny the petition (mover Becki Jaeger, second D. Kerry Laycock); board vote recorded 2–1 (Becki and Kerry voted to affirm the assessment; Anthony "Tony" Vear voted no). The motion passed to affirm the assessment.
- Devine Investment Properties (petitions M-26-028 through M-26-031): The board approved corrections to reflect current market values for several Devine parcels. Recorded corrected taxable values include TV $318,800 (M-26-028), $243,400 (M-26-029), $299,200 (M-26-030) and $430,400 (M-26-031); motions to correct market value were recorded as passed.
- Hillsdale Renaissance LLC (multiple petitions M-26-017, M-26-018, M-26-019, M-26-020, M-26-021, M-26-022, M-26-023, M-26-032–M-26-053): The board affirmed or corrected assessment cards for numerous properties owned or listed under Hillsdale Renaissance LLC, in several cases adjusting true cash value or applying functional-obsolescence corrections and floodplain adjustments as recorded in the assessor’s correction summary.
- Keefer House / Keefer House Hotel LLC (M-26-025): A motion setting taxable value under abatement at $3,000,000 passed (moved by Anthony "Tony" Vear, supported by D. Kerry Laycock); minutes note the assessment is determined by the approved abatement amount rather than actual cost.
- D & M Hillsdale LLC (M-26-054): The board moved to reaffirm the assessment for parcel 006-222-176-06 and set the taxable (uncapped) value to $432,600; the motion passed.
- Multiple late-file Form 5076 petitions: Several Form 5076 submissions (Finish Line, Market House, Advance Vein & Vascular Clinic, Xerox, Hot Deals, Family Farm & Home and others) were recorded as filed late; the board accepted or recorded late-file status and, where the assessor recommended acceptance, approved the petitions as recorded.
Several matters were tabled for further documentation or additional review (for example, Christin Plemmons and All Season’s Storage were tabled for follow-up; Premier Theater was tabled then later resolved). The assessor submitted a multi-page corrections summary that lists parcel-level SEV, true cash value and capped value adjustments reflecting the board’s decisions and record-card corrections.
The minutes record frequent motions moved by Kerry or Becki and supported by Tony (or vice versa). Where vote tallies are recorded, the minutes show the board used simple-majority votes; in multiple instances decisions were 2–1 when a single member dissented. The board recessed and set follow-up hearing dates where petitions required additional time.
The Board of Review’s published corrections summary (assessor’s report) and the minutes together document the parcel-level changes and the March grand recap, which shows a net decline in the city’s total assessed and taxable values after the March corrections were applied.
