What is Taxable Value?

The Taxable Value is determined by the lower of the Assessed Value or the Capped Value. Properties that transferred ownership in 2013 will have the Taxable Value set to the Assessed Value for the 2014 tax year. Taxable Value is the basis of the property tax in Michigan and is multiplied by the millage rate to determine the tax amount each year.

Show All Answers

1. What is Assessed Value?
2. What is Capped Value?
3. What is Taxable Value?
4. What is State Equalized Value?