Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
Homestead Act Information With Tax In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-0032LTR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
The taxable value is the value on which property taxes are calculated. It can be found on the property tax statement or by contacting the local assessor.
Tax information can be obtained from the Treasurer's Office either by parcel number, address, or owner name. Taxpayers can access tax amounts and taxable values to be used in preparing federal and state tax returns by viewing the information online, visiting the Treasurer's Office, or by phoning 734-722-2000.
Contact your local Property Tax Office and ask them for the appraised value of your homestead property - that would be the "taxable value" of your homestead property. You would also see this value on your annual property tax statement.
You can also get a California homestead exemption on property taxes, in which you're taxed on the value of your home minus the exemption amount.
In some cases, a local government will assess taxes on only a percentage of the value of the property. To calculate the assessed value when a local government uses such a percentage, you'll have to take the property's fair market value and multiply it by the chosen percentage.
In Michigan, a home's assessed value, in theory, should be approximately 50% of the estimated market value. Local assessors calculate how much your home is worth in the open market by using the “comparative sales” method to value your home. That number is then divided by two to reach the assessed value.
The taxable value is the value on which property taxes are calculated. It can be found on the property tax statement or by contacting the local assessor.
