Property Taxes
In 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, 2009 are eligible for the 2009 rate
reduction. Also, property sales occurring after January 1,
2008 will uncap a property's 2009 Taxable Value to the SEV and the
capping process begins anew.
Millage Rates
Click on the link below for Millage Rates
2008 Millage Rates
Property Tax Relief
For 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.
