Board of Review scheduled in Morenci 2.25

Written by David Green.

Is it possible for a tax bill to go up when property values are heading downward?

Just wait until your property assessment statement arrives. You might see it happen.

Marty Marshall, director of Lenawee County Equilization Department, reminds property owners that taxes are based on the taxable value, a figure that related to the consumer price index (CPI)—the annual rate of inflation.

The CPI is calculated in Lansing based on a fiscal year that ends in September. In the next year, Marshall said, the inflation rate is expected to hit a record low, but that won’t help for current values.

The CPI takes into effect the high gasoline prices of the past year and the inflation rate came in at 4.4 percent.

Proposal A, approved by voters in 1994,  caps the rate of the taxable value increase to no more than five percent each year. This was done to provide a more predictable and stable increase to tax bills.

The taxable value will increase each year by the CPI until it reaches the State Equalized Value (SEV), which is 50 percent of the true cash value of a property.

Any property that had a taxable value less than the SEV in 2008 will be increased by 4.4 percent until it reaches the SEV.

That’s no comfort to the owners of property with a decreasing value, although property that’s declining in value should show a change in the SEV portion of assessment notices.

Morenci is one area of the county where the SEV now exceeds 50 percent which will result in in lowering the value. The multiplier listed for Morenci lowers SEV by -5.6 percent. In Seneca, the multiplier is -6.5 percent and in Medina Township it’s -3.7 percent (see chart below).

Notices should arrive in the mail soon to show changes in the SEV and the taxable assessments. Property owners will have the opportunity to challenge assessments at the annual board of review.

Morenci’s board will meet at city hall March 12. The tax roll will be open for public inspection March 3, 4 and 5 from 8 a.m. to 4 p.m. and again on March 12.

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  • Front.green Screen
    OUT OF THIS WORLD—Elizabeth McFadden and Elise Christle pose in front of the green screen as VolunTeen Noah Gilson makes them appear as though they are standing on the Moon. More photos from the Stair District Library’s NASA @ My Library program are on page 12.
  • Front.snake
    Lannis Smith of the Leslie Science and Nature Center in Ann Arbor shows off a python last week at Stair District Library's Summer Reading Program.
  • Front.fireworks
    FIREWORKS erupt Saturday night over Morenci’s Wakefield Park during the waning hours of the Town and Country Festival. Additional festival photos are inside.
  • Pipeline Spread
    LINED UP—Lengths of pipe were put in place last week along the route of the Rover natural gas pipeline that will stretch from Defiance, Ohio, to Ontario, Canada. Topsoil was removed before the pipes were laid out. The 42-inch diameter pipeline is scheduled for completion in November.
  • Front.F.school
    PROGRESS continues on the agriculture classroom addition at Fayette High School. The project will add 2,900 square feet of space and include an overhead door that would allow equipment to be driven inside. The building should be ready for the start of school in August. Work on ball fields and a running track is also underway.
  • Front.rock Study
    ROCKHOUNDS—From the left, Joseph McCullough, Sean Pagett and Jonathan McCullough peer through hand lenses to study rocks. The project is part of Morenci Elementary School’s summer camp that continues into August.

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