Spectacular waterfront home on 600 acre, all sport Lake Chapin. This like-new lakefront home is professionally decorated and includes all the furniture, electronics, bedding, linens, dishes,
Southwest Michigan Real Estate Taxes
One subject I discuss with any new client are Michigan Real Estate Taxes and how they are computed by the assessor. Please disregard the amount of tax charged to the current owner. All real estate is re-assessed when acquired by a new owner (with a few exceptions). Therefore, your taxes will almost always be different than the current tax amount paid by the current owner.
The formula for estimating your real estate tax is a simple formula of multiplying the State Equalized Value - SEV of your property (Approximately 50 Percent of Market Value) by the combined millage rates for the appropriate County, City, Village, or Township.
In the interest of keeping this very simple, you can take the Market Value of the Property and multiply it by 2 Percent to arrive at a Worse Case Scenario. For example, a Home valued at 600k could have a tax bill for the following calendar year of as much as 12k. Again, this an intentionally high figure. I would rather you be pleasantly surprised than not.
For a more accurate estimate, visit the Property Tax Estimator provided by the good people at Michigan's Department of Treasury.
For our market here in Southwest Michigan, you will most likely be plugging in either Berrien, Cass, or Van Buren for the County field. New Buffalo, Chikaming, or Lake for the Township field, and then the village or city of your choice.
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Memorial Day Weekend, Sunday May 28th and June 4th; 11:00am to 3:00pm EDT. 202 E Water St, New Buffalo, MI 49117 or 86HMQ7X4+MFLive on your very own private island, with 360 degree views of