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Property TaxesIn 1995, a Taxable Value was determined for each property in addition to the State Equalized Value (SEV). Taxable Value is the lower of either capped value or SEV. Capped values that are increased are limited to the lesser of 5% or the rate of inflation over the previous year's Taxable Value. Although SEV is still based on market conditions, Taxable Value is in place to control property taxes. If you disagree with your assessment or Taxable Value, the appeals process is still an option.
The Board of Review meets to hear the appeals in March of each year. The members of the Board of Review are volunteers from your neighborhood who review the assessment roll on behalf of Novi residents. To personally appeal on the above dates, you must make an appointment. Petitions will be available at the Assessor's office after you receive your change of assessment notice, or from the Forms page in our website. If you cannot appear in person, a written appeal may be submitted. Written appeals must be accompanied by a completed petition. If you are appealing on behalf of another person, you MUST have a signed letter of authorization. To receive the reduced homestead millage, an affidavit must be filed with the Assessor's office. Principal residences owned and occupied by May 1, 2012 are eligible for the 2012 rate reduction. Also, property sales occurring after January 1, 2011 will uncap a property's 2012 Taxable Value to the SEV and the capping process begins anew. Millage RatesClick on the link below for Millage Rates Property Tax ReliefFor seniors on a fixed income, and others who may be experiencing a difficulty in paying their property taxes at this time, there may be help. Under the poverty guidelines, you can receive partial relief from the Board of Review. To qualify, you must first fill out the poverty form in its entirety, and provide the income tax information for all persons living in the home. A poverty claim can only be considered on a person's principal residence. You must also provide Homestead Property Tax Credit forms, even if you are not required to file income tax forms. The Board of Review encourages you to provide any other information that may shed light on your situation (for example: excessive medication costs or out-of-pocket insurance fees). Each case is considered on an individual basis, however there are certain guidelines established for fairness. If you need assistance having your taxes prepared, contact the Novi Senior Center at 248-347-0414 If you have received a reduction in the past based on your appeal or because of poverty, it will not carry over from year to year. Poverty reduction is not a permanent change to your record by the Assessor's office. You must appeal every year. Keep in mind that the members of the Board of Review may change from year to year and therefore you are not guaranteed the same action at the time of review. Click here to access the Poverty Application Form.
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