![]() A property’s taxable value will only increase annually by the rate of inflation (CPI) or 5%, whichever is less, unless there is an addition to the property (physical improvement or omitted property) or increase due to a transfer of ownership. Taxable Value (TV) – The value on which property taxes will be computed.Generally, the assessed value is the same as the State Equalized Value (SEV) unless an equalization factor is warranted. Assessed Value (AV): The State of Michigan requires that a property’s assessed value is equal to 50% of the estimated True Cash Value (TCV or fair market value).The following are helpful terms to understand when reviewing your assessment notice. Change of Assessment Notices are mailed in February. Property Information is available for viewing at the Assessing Department during normal business hours or online: Delta Township – Assessing & Tax Information For additional questions please call our office at 517.323.8520 or email property is annually assessed as of tax day, December 31. ![]() The Assessor’s Office is responsible for identifying and valuing all taxable real and personal property within the Township in accordance with Michigan’s General Property Tax Act and other applicable statutes.
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