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.

  • Front.cross
    HUDSON RUNNER Jacob Morgan looks toward the top of the hill with dismay during the tough finish at Harrison Lake State Park. Fayette runner Jacob Garrow focuses on the summit, also, during the Eagle Invitational cross country run Saturday morning. Continuing rain and drizzle made the course even more challenging. Results of the race are in this week’s Observer.
  • Front.bear
    HOLDEN HUTCHISON gives a hug to a black bear cub—the product of a taxidermist’s skills—at the Michigan DNR’s Great Youth Jamboree. The event on Sunday marked the fourth year of the Jamboree. Additional photos are on page 12.
  • Front.crossing
    Crossing over—Jim Heiney was given a U.S. flag to carry by George Vereecke (behind Jim in the hat), turning him into the leader of the parade. Bridge Walk participants cross over Bean Creek while, in the background, members of the Morenci Legion Riders cross the main traffic bridge on East Street South. Additional photos appear on the back page of this week’s Observer.
  • Front.hose Testing
    HOSE safety—The FireCatt hose testing company from Troy put Morenci Fire Department hose to the test Monday morning when Mill Street was closed to traffic. The company also checks nozzles and ladders for wear in an effort to keep fire fighters safe while on calls.
  • Front.starting
    BIKE-A-THON—Children in Morenci’s Summer Recreation Program brought their bikes last Tuesday to participate in a bike-a-thon. Riders await the start of the event at the elementary school before being led on a course through town by organizer Leonie Leahy.
  • Front.train
    WRECKAGE—Morenci Fire Department member Taylor Schisler walks past the smoking wreckage of a semi-truck tractor on the north side of the Norfolk and Southern Railroad tracks on Ranger Highway. The truck trailer was on the south side of the tracks

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