Board of Review

What is 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.

When does the Board of Review Meet?
The Board of Review meets on the third Monday (9:00 a.m. to noon and 1:00 to 4:00 p.m.) and Tuesday (1:00 to 4:00 p.m. and 6:00 to 8:00 p.m.) of March of each year at Lapeer City Hall, Upstairs Conference Room, 576 Liberty Park, Lapeer MI 48446.  If you are interested in meeting with the Board of Review, you must schedule an appointment with the Assessor's Office.  Appointments are scheduled on a first-come, first-serve basis.

Call the Assessor's Office at (810) 664.2902 or click on "Contact Information" tab to send email to schedule an appointment.

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 31st determines the following year’s values and taxes. December 31st 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.