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 a veteran looking to purchase a home that needs a little TLC? The VA Renovation Loan program is designed to help you finance both the purchase and renovation costs in a single loan.
Why Choose a VA Renovation Loan?
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