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.
Rates have been a hot topic for the last few years. As they plummeted into the low 3’s when COVID hit and then essentially double in 2022 when the country experienced huge inflation numbers. This will not be a boring presentation about rates. We are going to touch on what’s going on overall with rates. However, the main purpose of this event is to show you how a rate is determined for an induvial buyer. We will talk about things buyers can do to help improve the rate they are being offered. We will talk about programs that have very attractive rates and discuss things sellers can do to help lower the rate for a buyer. A lower rate equals more buying power for a home buyer and everything we cover will help agents sell more homes in 2023. The market is back to normal and it’s still a great time to buy.
Here is a list of some of the things we will cover during the event:Visit Jeremy's Blog