NY also has separate multi-tier assessed values versus taxable value. It's done for several reasons. Also - the towns establish their own percentages of what an assessment represents. In the town of Worcester NY where I am selling off right now - all property is assessed at 60% of actual value.
In regard to Michigan, I own two properties that were both reassessed when I bought them. NO splits. One in Presque Isle County and one in Alpena County. I took both to court via a judge sent from Lansing and I won with both. I'm talking about the actual assessment. So yes, it is done. Is it done legally? Perhaps not. That is why I fought them. But if a property owner does not fight it - it gets set in stone. By the way, my initial complaints with the local boards of review were useless. I used to be on the board of review in my area of NY and we did things with a bit more equity. Especially useless were the board members in Maple Ridge Township, Alpena County. Their collective attitude was - if the assessor puts a value on the property, it MUST be correct because he is an expert. What a joke!
One nice thing that Rick Snyder did is to change the tax law so that "virtual cap" stays in place if a family member transfers ownership of a house to another family member. We might be involved in one of those deals soon.
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Today's Featured Article - Museum Coverage: The Stuttgart Agricultural Museum - by Cindy Ladage. While cold wind was blowing back in Illinois, in Arkansas, daffodils were in bloom, and the Magnolia trees were adorned with fragrant blossoms. Stuttgart, Arkansas was the site of this year's winter Minneapolis Moline Collector's show February 25-27, 1999. The show was held at the Oliver Museum created by Don Oliver, the pioneer of the four wheel drive tractor. Oliver along with Gale Stroh and Kenneth Bull using Minneapolis Moline tractors and parts created what has become known as
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