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

Sports Registration – 2019

Community Calendar

June 2019
SundayMondayTuesdayWednesdayThursdayFridaySaturday
May 26, 2019May 27, 2019

Category: Community EventsOffice Closed

Office Closed
May 28, 2019

Category: Community EventsDowntown Development Authority Meeting

Downtown Development Authority Meeting
May 29, 2019May 30, 2019May 31, 2019

Category: Community EventsTrash Pick-Up Delayed Until Monday

Trash Pick-Up Delayed Until Monday
June 1, 2019

Category: Community EventsBrush Site Open

Brush Site Open
June 2, 2019June 3, 2019

Category: Community EventsBoard Meeting

Board Meeting
June 4, 2019June 5, 2019June 6, 2019June 7, 2019June 8, 2019
June 9, 2019June 10, 2019June 11, 2019

Category: Community EventsZoning Board of Appeals (if needed)

Zoning Board of Appeals (if needed)

Category: Community EventsPicnic In The Park Concert Series- CEYX

Picnic In The Park Concert Series- CEYX
June 12, 2019June 13, 2019June 14, 2019June 15, 2019

Category: Community EventsFree Movie Night-Roberts Park

Free Movie Night-Roberts Park

Category: Community EventsTrash & Treasures Rummage Sales

Trash & Treasures Rummage Sales

Category: Community EventsBrush Site Open

Brush Site Open
June 16, 2019

Category: Community EventsTrash & Treasures Rummage Sales

Trash & Treasures Rummage Sales
June 17, 2019June 18, 2019

Category: Community EventsPicnic In The Park Concert Series- The Savior Machines

Picnic In The Park Concert Series- The Savior Machines
June 19, 2019

Category: Community EventsPlanning Commission Meeting

Planning Commission Meeting
June 20, 2019June 21, 2019

Category: Community EventsSurplus Equipment & Supplies Auction (Park @ Meijer)

Surplus Equipment & Supplies Auction (Park @ Meijer)
June 22, 2019
June 23, 2019June 24, 2019

Category: Community EventsParks Commission Meeting

Parks Commission Meeting
June 25, 2019

Category: Community EventsPicnic In The Park Concert Series- Brush Street With Julie Mulady

Picnic In The Park Concert Series- Brush Street With Julie Mulady
June 26, 2019June 27, 2019June 28, 2019June 29, 2019

Category: Community EventsBrush Site Open

Brush Site Open
June 30, 2019July 1, 2019July 2, 2019July 3, 2019July 4, 2019

Category: Community EventsOffice Closed

Office Closed
July 5, 2019

Category: Community EventsTrash Pick-Up Delayed Until Monday

Trash Pick-Up Delayed Until Monday
July 6, 2019

Today’s Events

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