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November 2015 Archives

Considering Not Filing the Property Transfer Affidavit? Don't Even Think About It!

Prior to 1995, real property in Michigan was taxed at its "assessed value"; that is, at 50% of its true cash value, which Michigan courts deem synonymous with fair market value. This meant that taxes on real property went up or down in tandem with increases or decreases in the property's true cash value.

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