I need to know where a chase bank is located.This question was asked from http://www.trulia.com/property/3149472251-2619-Gratiot-Ave-Port-Huron-MI-48060?ecampaign=con_day_propertysearchforsale_bk&eurl=www.trulia.com%2Fproperty%2F3
Nancy, to sell now would be a good move, being the market is dictating the ability for you to purchase the "home of your choice" at a discounted price. Depending on your location, the market price could surprise you. There are several client/customers out there with the ability to purchase for cash. Of course, they would want a good deal, as you would, but again, maybe now you would be looking for the home you always wanted. Hope this helps. Thank you, Bob Lambert, Real Estate Masters, Fort Gratiot, MI.
The State Equalized Value or Assessed Value for a property represents 50% of its estimated fair market value. Twenty-four month sales studies are performed by the County Equalization Department to determine the total assessment increase by class (residential, commercial, industrial, personal). Upon completion of county equalization, the Michigan State Tax Commission uses the same procedures to equalize each class of property in each of the 83 counties in the state. Subsequent to the processes of county and state equalization, the Assessed Value becomes the State Equalized Value. In most contexts, Assessed Value and State Equalized Value are used in an interchangeable sense. Taxable Value is the number which is of key interest to residents and property owners. The essential significance of this is that a Taxable Value generally may not increase by more than 5% in a given year, unless there was an addition to value or a transfer of ownership had occurred. A provision of Michiganâ€™s Proposal A is the concept of "uncapping the taxable value." The spread between the Assessed Value and Taxable Value may increase substantially over time, particularly with economic conditions of a low inflation and strong real estate sales. When a property has sold, within the assessment year following the transfer of ownership, the Taxable Value and the Assessed Value are set to the same number.
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