Definitions

Ad Valorem Taxation Attorney in Plymouth, Michigan

Having practiced in the area of property tax appeals for more than 29 years, I am able to serve as a vital source of information for my clients. Using my thorough knowledge of the law, I can smoothly guide you through the appeals process, working to save you time and money.

The process of appealing your property tax can be tedious and time-consuming. Contact my office and I can guide you through it.

Definitions

The legal area of property tax appeals is complex. There are specific words often found in documents pertaining to this area that may be difficult to understand. Listed below are definitions of some common real property assessment appeal terms.

Ad Valorem Taxation

Ad valorem taxation is a tax based on the value of property. The most common ad valorem property taxes are those imposed by states, counties and cities on real estate.

For example, if the ad valorem tax rate on your property is 1%, the tax would be $1 per $100 of assessed value. A property valued and $300,000 would be assessed an additional $3,000 in taxes.

Income-Producing Property

Income-producing property is property that earns money for the owner of the property from rents charged to tenants who occupy the property. This rental income can be earned through such venues as:

  • Apartment complexes
  • Strip malls
  • Industrial parks

Residential

Residential refers to people who own and reside on a property. It may also refer to people who are renting a property for residential purposes and are responsible for paying property taxes by terms of their lease.

Condominium owners are included in this definition.

Owner-Occupied Property

Owner Occupied Property refers to industrial or commercial property that is occupied by the owner.

Tax Assessment Notice

Tax assessment notices are sent to tax payers and indicate then assessed and taxable values for the year.

Contact My Plymouth, Michigan Office

I am available to meet with you to discuss your property tax appeal needs Monday through Friday from 9-6. Evening and weekend times are available by appointment.

I offer a free initial consultation . Ninety-eight percent of my work is done on a contingent-fee basis. In such cases, you are only responsible for paying out-of-pocket costs for such things as filing fees. At the end of your case, I receive one third of the amount of taxes I saved for you as a fee.

Contact me at 734-335-1967 or online for more information or to schedule an appointment.