Tuesday, March 31, 2015
 
Important News for Business Owners

There have been several changes made concerning the taxation of personal property. Beginning December 31, 2013, some personal property will be exempt from taxation.

 In order to be eligible personal property and qualify for the exemption, the personal property must meet all of the following conditions:

 **The combined true cash value of all industrial personal property and commercial personal property owned by, leased by, or in the possession of the owner or a related entity claiming the exemption is less than $80,000 in the local tax collecting unit, and **The property is not leased to or used by a person that previously owned the property or a person that, directly or indirectly controls, is controlled by, or under common control with the person that previously owned the property, and **The exemption must be properly claimed.

 To claim the exemption, the owner must file an affidavit (Form 5076), with the Assessor's office NO LATER THAN FEBRUARY 10th!! If the affidavit is filed, the owner is not required to file a personal property statement.

   

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Assessing

Welcome to the Charter Township of Kalamazoo Assessing Department. This department is located in the Charter Township of Kalamazoo Administration Building, 1720 Riverview Drive, Kalamazoo, MI 49004. Office hours are 8:00 am - 4:30 pm, Monday through Friday.

You may find information regarding your home by using this highlighted link Charter Township of Kalamazoo Parcel Information

   

Contact Information

Assessor Jim Yonker
269-381-8083 Ext 118
Fax 269-381-8794
assessor@ktwp.org

Records Clerk
Bette Zawacki
269-381-8083

   

New Personal Property Exempton for 2015
New Personal Property Exemption for 2015 - You May Qualify

To be eligible, a taxpayer must meet ALL of the following:

1.  The Exemption must be properly claimed (this is done by filing the affidavit by February 10) and
2.   
The personal property must be classified as industrial personal property or commercial personal property as defined in MCL 211.34c or would be classified as industrial personal property or commercial personal property if not exempt and
3.   
The combined true cash value of all industrial personal property and commercial personal property owned by, leased by or in possession of the owner or a related entity claiming the exemption is less the $80,000 in the local tax collecting unit and
 4.  


The property is not leased to or used by a person that previously owned the property or a person that, directly or indirectly controls, is controlled by, or under common control with the person that previously owned the property.

If you feel you qualify for this exemption, please fill out and return the affidavit by February 10 to your local assessor. The "Affidavit of Owner of Eligible Personal Property Claiming Exemption from Collection of Taxes (As of 12-31-2014)" can be found at the STC link below or contact your local assessor.

 

For 2014 ONLY, the owner may file an appeal with the March Board of Review to claim this exemption. NOTE: the Affidavit only exempts your personal property for 2015. To continue to receive this exemption, a new affidavit must be filed each year.

Your exemption may be denied by the local assessor if it is determined you do not qualify for this exemption.

 

Some helpful links;

2015 Personal Property Statement:

http://www.michigan.gov/documents/treasury/632fillable2015_471934_7.pdf

"Affidavit of Owner of Eligible Personal Property Claiming Exemption from Collection of Taxes (As of 12-31- 2014)" Form 5076.

http://www.michigan.gov/documents/treasury/5076_439273_7.pdf

   

Understanding Assessed & Taxable Values
ASSESSED VALUES & TAXABLE VALUES
  • Your taxes are based on your Taxable Value.
  • Your Assessed Value represents approximately half of what we believe the property to be worth.
  • Your Taxable Value can never exceed your assessed value.
  • Your Taxable Value can only increase at the rate of inflation or 5%, whichever is lower, UNLESS there is a physical change to your property or there is a transfer.
  • The annual changes in your Assessed Value are based on studies and sales of property in similar neighborhoods.
   

Notice of 2015 Board of Review
CHARTER TOWNSHIP OF KALAMAZOO
  NOTICE OF 2015 BOARD OF REVIEW

PLEASE TAKE NOTICE that the Kalamazoo Township Board of Review will convene at the Township Administration Building, 1720 Riverview Drive, on March 3, 2015, to examine and review the assessment roll.  The dates and times for hearing assessment appeals and taxable value appeals are as follows:
March 9, 2015                            9:00 a.m. to 12:00 noon
    1:00 p.m. to 4:00 p.m.
 
 March 10, 2015   1:00 p.m. to 4:00 p.m.
    6:00 p.m. to 9:00 p.m.
     
March 11, 2015   1:00 p.m. to 4:00 p.m.

and on such additional days as will be required to hear all persons who have given notice of the desire to be heard and until assessment rolls have been revised, corrected and approved.

Appeals will be heard by appointment only and appointments must be made no later than March 5, 2015.  Please call 381-8083 to make an appointment.  Written appeals will be accepted if received by 9:00 a.m. on March 11, 2015.

Assessed values have been adjusted to reflect a tentative equalization factor of 1.000 for all classes of property.

The tentative State Equalization multipliers and Equalization ratios, as determined by the Kalamazoo County Equalization Department, prior to the above mentioned adjustments were as follows.

Commercial                                     1.03756                      48.19%
Industrial 1.08649 46.02%
Residential 1.05508  47.39%
Personal Property      1.0000 50.00%
Ronald E. Reid           James R. Yonker, Assessor
Charter Township of Kalamazoo   Charter Township of Kalamazoo

Kalamazoo Charter Township Board meetings are open to all without regard to race, color, national origin, sex or disability.  Individuals with disabilities requiring auxiliary aids or services must contact the Township giving five business days notice by writing or calling 381-8080.

 Posted January 30, 2015

   

Forms

Principl Residence Exemption (PRE) Affidavit
    A Principal Residence Exemption (PRE) may exempt a resident from a portion of your local school operating taxes. To qualify a person must be a Michigan resident who owns and occupies the property as a principal residence. The PRE is a separate program from the Homestead Property Tax Credit, which is filed annually with your Michigan Individual Income Tax Return.

Conditional Rescission of a Principal Residence Exemption
    This form enables a person who has established a new principal residence to retain a PRE on property he previously occupied but still owns. An owner may receive the PRE on the previous principal residence for up to three years if that property is not occupied, is for sale, is not leased and is not used for any business or commercial purpose.

Request to Rescind Principal Residence Exemption
    Your are required to rescind a principal residence exemption when you no longer own and occupy the property as your principal residence. The exemption will be removed December 31 of the year you rescind the exemption.

Principal Residence Exemption (PRE) Active Duty Military Affidavit
    This form allows an owner to retain a PRE while on active duty in the United States Armed Forces if all or any portion of the dwelling is rented or leased, so long as the dwelling otherwise would qualify as the owner's principal residence.

State Tax Commission Affidavit for Disabled Veterans Exemption
    This form is to be used by a disabled veteran who was discharged from the armed forces of United States under honorable conditions or his or her un-remarried surviving spouse. Certification from the US Department of Veterans Affairs is required.

Property Transfer Affidavit
    This form must be filed when there is a transfer of real property (even if you are not recording a deed).

Land Combination Application   
    This form is to notify the Township Assessor that a combination of properties is desired. There is no fee to complete and submit this form. You must provide a legal description that combines all unplatted parcels with this application as the Assessor's office cannot write legal descriptions.

Land Division Application
    A split of a parcel or tract of land requires the approval of the Charter Township of Kalamazoo before a sale of a portion of the parcel occurs. this approval requires compliance with the Land Division Act (Public Act 591 of 1996), compliance with the Charter township of Kalamazoo Zoning Ordianance and full payment of all property taxes. When the completed application and non-refundable fee is received in this office, review will proceed as quickly as possible. Typically the approval or denial will be within three to four weeks.

   

Conditional Rescission

** The renewal date to extend your Conditional Rescission for another year is December 31, 2014. There is no legal authority to allow late applications.  If 2014 is the first  year of your conditional rescission, that application must be in this office before May 1, 2014.

** The State Tax Commission has set the 2014 Inflation Rate multiplier at 1.6%. This means that your Taxable Value for 2014 may increase by 1.6%.