Thomas Township

Assessed Value
This value represents half of the true cash, or market value for your property.  It takes into consideration all aspects of your property. Such as; square footage, year built, quality, location, etc. In the end it is a sales driven number that is determined by the Assessor.

Example of Values:

YearAssessedTaxableRate of Inflation
2015 81,000 74,703 1.6%
2016 84,600 749527 0.3%
2017 89,000 75,601 0.9%
2018  77,188 2.1%
2019  79,041 2.4%

 

YearAssessedTaxableRate of Inflation
2015 91,000 89,846 1.6%
2016 95,100 90,155 0.3%
2017 100,100 90,926 0.9%
2018  92,835 2.1%
2019  95,063 2.4%

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 Township does 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
2016               0.3%
2017               0.9%
2018               2.1%
2019               2.4%

Our 2019 Numbers:

Class2019 Sales RatioMultiplier
Residential48.74%1.0258
Agricultural46.50%1.0752
Commercial50.99%0.9805
Industrial49.53%1.009

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.

Flood Resources

Public Notices

Contact Us

Monday – Friday
8am-5pm

249 North Miller Road
Saginaw, MI 48609-4896

PHONE: 781-0150

FAX: 989-781-0290

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Community Calendar

November 2020
SundayMondayTuesdayWednesdayThursdayFridaySaturday
November 1, 2020 November 2, 2020

Category: Community EventsBoard Meeting

November 3, 2020

Category: Board of AppealsGeneral Election

Category: Community EventsElection: November General

November 4, 2020November 5, 2020November 6, 2020November 7, 2020
November 8, 2020November 9, 2020 November 10, 2020

Category: Community EventsZoning Board of Appeals (if needed)

November 11, 2020November 12, 2020November 13, 2020November 14, 2020
November 15, 2020November 16, 2020November 17, 2020 November 18, 2020

Category: Community EventsPlanning Commission Meeting

November 19, 2020November 20, 2020November 21, 2020
November 22, 2020 November 23, 2020

Category: Community EventsParks Commission Meeting

November 24, 2020November 25, 2020 November 26, 2020

Category: Community EventsOffice Closed

November 27, 2020

Category: Community EventsOffice Closed

Category: Community EventsTrash Pick-Up Delayed Until Saturday

November 28, 2020
November 29, 2020November 30, 2020December 1, 2020December 2, 2020December 3, 2020 December 4, 2020

Category: Community EventsLast Day For Yard Waste Pick Up

December 5, 2020

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