Provide the fairest possible state equalized valuation and taxable valuation to each individual taxable real and personal property within the City of Holland, which collectively serve as the tax base for the City, portions of various other taxing jurisdictions with boundaries totally or partially within the City; provide efficient management for a comprehensive records system that encompasses several different classes of property; and provide an annual assessment roll against which multiple tax millage rates are applied.
This office takes into consideration various factors to establish the true cash (fair market) value of real and personal property, 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
The assessed value (S.E.V.) is half the true cash value. The taxable value and the milleage rates are used to determine the amount of taxes on the property.
