Meetings
If you are interested in meeting with the Board
of Review, you must schedule an appointment.
Appointments are scheduled on a first-come, first-serve
basis.
Call or email thubbell@ci.lapeer.mi.us at the Assessor’s Office at (810) 664-2902. A meeting
can be scheduled with the Assessor on the third
Monday and Tuesday of March of each
year.
Monday:
9:00 a.m. to noon and 1:00 to 4:00
p.m. Tuesday: 1:00 to 4:00 p.m. and
6:00 to 8:00 p.m.
Location
Lapeer City Hall, Upstairs Conference Room, 576
Liberty Park, Lapeer MI 48446
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Glossary of Terms
Assessed Value
50% of market value (also see State
Equalized Value)
Board
of Review
A local board of property owners who meet each
year during the 3rd week of March to determine
if the property of a taxpayer appearing before
the Board is assessed at 50% of market value. Appeals
must be submitted to the Board of Review while
they are in session in March to preserve rights
to appear before the Michigan Tax Tribunal.
Consumer Price Index (CPI)
A measure of inflation used by the State of Michigan
to cap annual increases in taxable value.
Improvements
All buildings, structures, pools,
etc., affixed to the land.
Market Value The typical open market selling
price of similar houses in a neighborhood.
Michigan Tax Tribunal
A state court that is the next level of property
value appeals after the March Board of Review.
Neighborhood
An area in the city with houses of similar age,
size, style and condition.
Parcel Identification
Number (PIN)
A unique number identifying a specific property
on the assessment and tax rolls
State Equalized
Value (SEV)
The Assessed Value as adjusted by the direction
of the county and state. SEV and Assessed Value
are the same when using an equalization factor
of 1.0000.
Taxable Value
The value used to calculate property taxes.
Tax Day
The status of a property on December 31 determines
the following year’s values and taxes. December
31 is called "tax
day."
Taxing Unit
County, city, library, school districts, and
community colleges with tax levying power.
Tax Rate
A levy per each one thousand dollars of Taxable
Value, by each of the local government agencies.
It is used to calculate taxes that support
county, city, schools and special services.
The tax rates
vary from one district to another according
to the total tax base, the needs and the demands
of the voters.
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