Thomas Township

Assessed Value

This value represents half of the true cash value for your property.  It is a sales driven number that is determined by the Assessor.

Example of Values:

YearAssessedTaxableRate of Inflation
 2013 79,000 72,370 2.4%
 2014 80,200 73,527 1.6%
 2015 81,000 74,703 1.6%
 2016 84,600 74,927 0.3%
201789,00075,6010.9%
YearAssessedTaxableRate of Inflation
 2013 89,000 87,040 2.4%
 2014 90,400 88,432 1.6%
 2015 91,000 89,846 1.6%
 2016 95,100 90,115 0.3%
2017101,10090,9260.9%

 

The effects of Proposal “A”:

Understanding Prop Values Graph 2013.

Taxable Value

This figure is actually a calculation and not a “value”.  This calculation is strictly a number used to calculate property taxes.  The Taxable Value is multiplied by the millage rate to produce a tax dollar figure.  This number will increase at the rate of inflation or 5% (whichever is less) every year as long as it does not go over the Assessed Value. The Taxable Value will increase by the rate of inflation or 5% (whichever is less) even if the Assessed Value is coming down, as long as it does not go over the Assessed Value.  Thomas Townshipdoes not have control over the rate of inflation increase.

Proposal “A”, which was a Michigan Constitutional Amendment in 1994, drives this concept and the State of Michigan directs local Assessors yearly as to what the rate of inflation will be.

Uncapping Due to Transfer

When a property is transferred, the following year’s Taxable Value will “uncap” and be brought up to match the Assessed Value.  The Taxable Value will then be “capped” again in the second year following the transfer of ownership.

 

The Role of County Equalization

Every year the Saginaw County Equalization Department performs a sales study that will indicate what direction the Township’s values must go.  This study produces an overall sales ratio as well as a multiplier for each class that would produce the desired total amount of value for the entire class of properties.  The property classes are; Residential, Agricultural, Commercial, Industrial, and Developmental.  It is important to remember that “Classification” is not the same thing as “Zoning”.  For 2011 and 2012, a one-year sales study was used to determine the overall sales ratio.

The One-Year Sales Study

This type of study is used in times of a quickly changing market.  Using only one year of the most recent sales information will better depict where the values should be.  However, the sales data is cut in half, and in some areas, little to no sales have occurred.

 Inflation Rates

2013               2.4%

2014               1.6%

2015               1.6%

2016               0.3%

2017               0.9%

 

Our 2017 Numbers:

Class2012 Sales RatioMultiplier
Residential47.50%1.0526
Agricultural49.46%1.0109
Commercial49.14%0.0175
Industrial49.85%1.0030

How are we adapting for the market?

Each residential property is assigned to a “neighborhood”. A specific sales study is performed for each “neighborhood”.  This will help indicate where the values are decreasing and at what rate.  This will insure that the correct amount of adjustment is made.  As always, a fair and equitable assessment is the goal.

The March Board of Review

Every February a new assessment is delivered to each property owner. If a property owner disagrees with the assessment, they may call Thomas Township and set up an appointment with the March Board of Review. The Board of Review is made up of three residents of the Township. These meetings will take place during the second week of March. A request for an appeal must be made before the last session of the Board of Review. This will typically be at the end of the second week in March. An appeal by letter may also be made.

Contact Us

Monday - Friday
8am-5pm

249 North Miller Road
Saginaw, MI 48609-4896

PHONE: 781-0150

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Community Calendar

October 2018
SundayMondayTuesdayWednesdayThursdayFridaySaturday
September 30, 2018October 1, 2018October 2, 2018October 3, 2018October 4, 2018October 5, 2018October 6, 2018

Category: Community EventsBrush Site Open

Brush Site Open
October 7, 2018October 8, 2018October 9, 2018

Category: Community EventsZoning Board of Appeals (if needed)

Zoning Board of Appeals (if needed)
October 10, 2018October 11, 2018October 12, 2018October 13, 2018

Category: Community EventsBrush Site Open

Brush Site Open
October 14, 2018October 15, 2018October 16, 2018October 17, 2018

Category: Community EventsPlanning Commission Meeting

Planning Commission Meeting
October 18, 2018October 19, 2018October 20, 2018

Category: Community EventsBrush Site Open

Brush Site Open
October 21, 2018October 22, 2018October 23, 2018

Category: Community EventsZoning Board of Appeals (if needed)

Zoning Board of Appeals (if needed)
October 24, 2018October 25, 2018October 26, 2018October 27, 2018

Category: Community EventsBrush Site Open

Brush Site Open
October 28, 2018October 29, 2018October 30, 2018October 31, 2018November 1, 2018November 2, 2018November 3, 2018

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