Determining Your Property Assessment
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
Assessment Notification
The Notice of Assessment, Taxable Valuation and Property Classification is sent to every property owner on an annual basis. An explanation of it follows:
How to Read your Change of Assessment Notice
Explanation and Example
The amount in the CHANGE column does NOT reflect the change in tax dollars for current year. The CHANGE column is simply the difference between the previous year values and the current year values.
Note the statement: This change in taxable value will increase/decrease your current year tax bill by approximately: Following this statement the estimated increase or decrease in your current year tax bill will be estimated. This estimate excludes any significant change in the millage/tax rates.
Appealing Your Property Assessment - March Board of Review
The Board of Review reviews the assessment roll received from the Assessor to check to see it is complete, accurate, uniform and valid. They conduct public hearings in March to hear appeals from property owners.
Each year, prior to the March meetings of the local board of review, assessment change notices are mailed. These informational notices include State Equalized Value, Taxable Value, the percent of exemption as a Principal Residence, and whether or not an Ownership Transfer has occurred. If you believe the Assessed Value is more than half the value of your property, you may appeal the Assessed and/or Taxable Values at the March Board of Review.
Sales Studies
| File Name | Details |
|---|---|
| Bloomfield Township Residential and Condo Sales Study | Download |
| Bloomfield Township Commercial Industrial Sales Study | Download |
| Sylvan Lake Residential Sales Study | Download |
| Sylvan Lake Commercial Industrial Sales Study | Download |
NOTICE
CHARTER TOWNSHIP OF BLOOMFIELD
THE BOARD OF REVIEW FOR THE CHARTER TOWNSHIP OF BLOOMFIELD
WILL MEET BY APPOINTMENT AT THE
TOWNSHIP OFFICE, 4200 TELEGRAPH RD
BLOOMFIELD HILLS, MI 48302.
MONDAY, MARCH 10, 2025
1:00 P.M. – 4:00 P.M.
6:00 P.M. – 9:00 P.M.
TUESDAY, MARCH 11, 2025
9:00 A.M. - 12:00 P.M.
1:30 P.M. – 4:30 P.M.
In addition, the Board of Review will meet on Tuesday, March 4, 2025 at 10:00 A.M.
for an Organizational Meeting to prepare for and discuss the procedures for the
public meetings beginning March 10, 2025 including but not limited to Selection of
Chairperson and Secretary along with receiving the 2025 Assessment Roll from
the Assessor.
By board resolution, taxpayers are able to protest by letter, sent
to 4200 Telegraph Rd, PO Box 489
Bloomfield Hills, MI 48303-0489, provided
protest is received before March 11th, 2025 at 4:30 P.M. All appeals must include completed Michigan Department of Treasury Form L-4035.
FOR THE PURPOSE OF REVIEWING THE 2025 TAX ASSESSMENT ROLLS.
COMMERCIAL 49.45 FACTOR 1.00
INDUSTRIAL 49.76 FACTOR 1.00
RESIDENTIAL 49.83 FACTOR 1.00