How Your Property Is Assessed

The market value of your property is simply the probable price that it would sell for in a normal transaction between a willing buyer and a willing seller. The Assessor is required by state law to assess at 50% of true cash value all assessable property, as of December 31 of each year. This includes residential, commercial and personal property (machinery, furniture, fixtures, leasehold improvements and equipment for commercial and industrial properties).

The Assessor takes various factors into account when establishing property value, including:

• Description of the property and its improvements
• Lot dimensions
• Age of home and/or other buildings
• Land value
• Building square footage
• Value-enhancing amenities
• Vacant and improved sale properties

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Charter Township of Bloomfield
4200 Telegraph Road
P.O. Box 489
Bloomfield Hills, MI 48303-0489
248.433.7700
All information © 2012 Bloomfield Township, Michigan 

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