In Michigan when a home sells the taxable value will uncap. Often the local assessor will also match the state equalized value to the sales price. When this happens the annual taxes will change. This is a great tool you can use to see what property taxes might do when a home is sold. Additionally this a great way to look at property tax rates in different areas. Remember the SEV is half the sales price.
Are you tired of paying high rent in Kalamazoo or Portage while trying to save a big cash down payment?
Yesterday, a first-time buyer sat across from my desk feeling completely locked out of the housing market. They found a great two-bedroom home near Milwood for $210,000. They had stable income, steady employment, and a 655 credit score.
Their only roadblock? They only had about $3,000 saved in their checking account.
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