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.

Contact Us

Monday - Friday
8am-5pm

249 North Miller Road
Saginaw, MI 48609-4896

PHONE: 781-0150

Sports Registration – 2019

Community Calendar

August 2019
SundayMondayTuesdayWednesdayThursdayFridaySaturday
July 28, 2019July 29, 2019July 30, 2019

Category: Community EventsPicnic In The Park Concert Series- Laurie & The Lefties

Picnic In The Park Concert Series- Laurie & The Lefties
July 31, 2019August 1, 2019August 2, 2019August 3, 2019

Category: Community EventsShields Lions Club Parade

Shields Lions Club Parade
August 4, 2019August 5, 2019

Category: Community EventsBoard Meeting

Board Meeting
August 6, 2019

Category: Community EventsPicnic In The Park Concert Series- Michele Spitz

Picnic In The Park Concert Series- Michele Spitz
August 7, 2019August 8, 2019August 9, 2019August 10, 2019

Category: Community EventsBrush Site Open

Brush Site Open
August 11, 2019August 12, 2019August 13, 2019

Category: Community EventsZoning Board of Appeals (if needed)

Zoning Board of Appeals (if needed)

Category: Community EventsPicnic In The Park Concert Series- Todd Michael Band

Picnic In The Park Concert Series- Todd Michael Band
August 14, 2019August 15, 2019August 16, 2019August 17, 2019

Category: Community EventsRuff Around Roberts Park

Ruff Around Roberts Park
August 18, 2019August 19, 2019August 20, 2019August 21, 2019

Category: Community EventsPlanning Commission Meeting

Planning Commission Meeting
August 22, 2019August 23, 2019August 24, 2019

Category: Community EventsBrush Site Open

Brush Site Open
August 25, 2019August 26, 2019

Category: Community EventsParks Commission Meeting

Parks Commission Meeting
August 27, 2019August 28, 2019August 29, 2019

Category: Community EventsOffice Closed For Staff Training

Office Closed For Staff Training
August 30, 2019August 31, 2019

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