Welcome to my Michigan property tax appeals blog! I formerly served as a Judge with the Michigan Tax Tribunal and will share my knowledge and insight in my blog posts. I will be making regular blog posts concerning various Michigan property tax issues and how to appeal your property taxes to either the local board of review or the Michigan Tax Tribunal. Through the years I have gained a considerable amount of experience and have achieved significant tax savings for many clients. My blog will include posts concerning residential, commercial, and industrial real and personal property taxes and tax appeals. Follow my blog and contact me for all of your property tax needs!

A deed in lieu of foreclosure is going to vary somewhat depending on your state and depending on who your loan is through. In some cases, there are specific programs and guidelines in place designed to streamline the process of a deed in lieu of foreclosure. In any case, the key is that both the homeowner and the lender agree that a deed in lieu of foreclosure is the best option and that they work out an agreement together that the homeowner enters into on a voluntary basis.

Understanding Deed in Lieu of Foreclosure

Time spent protesting your property taxes can be very profitable to you. In fact, the average property tax savings for homeowners is $450. However, the uncertainty of how the process works and what results are achievable intimidates many into not attempting to protest their property taxes.

The following steps will provide you insight into the appeal process and put you on your way to a successful appeal:

Either send a written notice of appeal to the ARB for the county in which your home is located or utilize the comptroller's form. The deadline to file an appeal is May 31st.

Request a House Bill 201 packet. The packet is available at a nominal cost and will include information regarding both market value and unequal appraisal and the appraisal district's information regarding size, condition and other qualitative and quantitative data for your property. Requesting this packet limits what information the appraisal district can present at the hearing.

Review the appraisal district's description of your home and confirm that all the information is accurate. If the appraisal district overstates either the quality or quantity of improvements to your property, this is an excellent means to reduce your property taxes for the current years and subsequent years.

By protesting on unequal appraisal, you are claiming the appraisal district assessed your home for more than your neighbor's home. To present this protest, research around 10 comparable properties that are similar in regard to the quality and quantity of improvements within your neighborhood.

Prepare your own unequal appraisal analysis based on researching assessment comparables on the appraisal district's website or by written request. Select assessment comparables and summarize the data in a table.

If you feel your property's assessed value is too high, it's your right to file a formal protest. You can protest your property value yourself following the guidelines above, or hire a professional consultant to handle your protest for you. Either way, there's no reason to pay more property taxes than is required by law.

Questions?
E-mail O'Connor & Associates, or call 1-877-4-TAXCUT.

Dont pay more than your fair share of property taxes. Let OConnor & Associates reduce your Galveston property tax .
Oconnor & associates can represent you at the commercial real estate appraisal.

Name :  Patrick O Connor 
State :  TX 
URL :  http://www.poconnor.com
Category :  Real Estate Law