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.
Did you check your credit score on a free smartphone app, see a 620 or 650, and assume you cannot qualify to buy a home in Kalamazoo, Portage, or Texas Township until your score hits 740?
Yesterday morning, a first-time home buyer stopped by my office in Portage. They spent the past two years paying rent while trying to push their credit score into the mid-700s.
Over the weekend, they saw a sharp three-bedroom ranch in Milwood listed at $245,000.
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