What is the difference between an assessment and market value?
An assessment is 50% of the appraised value done by an appraiser using "mass appraisal methods", and is limited by the current State Standards for Mass Appraisal and the amount of funding provided for government assessment work. Market value, determined by fee appraisals, is completed by using the most current sales to arrive at a "current market value". The intended purpose of this type of appraisal may require a much more detailed review of various elements of the appraisal process and methods and how those impact value.

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1. When do assessments occur?
2. How much revenue is generated by the property tax?
3. What is the difference between an assessment and market value?
4. Are taxable value and assessed value the same?
5. If I do not like my assessment what can I do?
6. Am I required to file a Property Transfer Affidavit?
7. What are Personal Residence Exemptions?
8. When can I receive a Personal Residence Exemption?
9. What if I didn't file? Can I file now?
10. Can I take the house in town as my homestead and my wife take the cottage as hers?
11. We move to Florida in the winter; can I still have a Michigan Homestead Exemption?
12. What is a Poverty/Hardship Exemption? How do I qualify? And when do I file?
13. How are street addresses assigned?