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.
When Appealing a Michigan Property Tax Assessment, Must the Possibility of Obtaining a Zoning Variance Be Considered in Determining the Property's True Cash Value?
It's not always as straight forward as you might think!
Many lawyers have multiple specialties that seem to go hand in hand. People often think of lawyers with dual specialties as having only one. Tax AND estate planning, medical malpractice AND personal injury, corporate AND securities are but a few examples that come immediately to mind. Let me add another natural combination of which I am one of a very few members; real estate AND probate.
Last week's Michigan Court of Appeals decision in Stenman v. Stenman, Docket Number 321203, provides a cautionary tale: You do not always have absolute control over your own property. In Stenman, the court recognized the broad authority of a public utility company, the Detroit Edison Company ("DTE"), to install and maintain meters on their customers' property without tampering from the customer.