City Assessor's Office
248.524.3311
The mission of the City Assessor's Office is to accurately inventory and appraise every parcel of property in the City of Troy in order to fairly distribute the tax burden, which supports the cost of government.
Query Assessment Records with interactive map
2008 Assessments - A Message from the City Assessor
2008 One Year Residential Sales Study
2008 One Year Condominium Sales Study
The State of Michigan Constitution mandates that all property must be assessed at 50% of its Market Value. The first function of this process involves an accurate inventory of all property. This demands that the City Assessor's Office must be able to legally describe all real property, whether it be a "metes and bounds" (engineered survey) or a platted lot (subdivision) description.
Accordingly, the City Assessor's Office is responsible for all combinations, splits, corrections and any other description changes that may be requested by an owner of a property. The Assessing Department also must ensure that any description changes meet local ordinances, and conform to the Land Division Act (1996 - Formerly the Subdivision Control Act).
The appraisal of property by the Assessing Department, at its most basic, covers three types of property: vacant land, improved land, and Personal Property. Personal Property is all (but not limited to) furniture, fixtures, machinery, signs, equipment, computers, tools, dies, jigs, leased equipment, and leasehold improvements.
The Assessing Department is also responsible for the Special Assessment Rolls. This function ensures the equitable disbursement of the cost of infrastructure improvements to all benefited parties.
The Principal Residence Exemption, and the Property Transfer Affidavit Programs mandated by the changes brought about by Proposal "A" in 1994 are administered by the Assessing Department.
All of these functions, plus many more not listed, combine to make the Assessing Department responsible for a combined total City of Troy 2008 State Equalized Value that will top $6.2 billion.
Application for Description Change
Michigan Department of Treasury Forms
DID YOU KNOW?
- Of all the counties in the state, Troy's state equalized value would rank 14th if it were a county by itself.
- Troy has the 2nd highest state equalized value of any city in Michigan, second only to Detroit.
- Due to the passage of Proposal A in 1994, Troy homeowners have seen a 2.65% average increase in taxable value, despite a 5.92% average increase in market value of their homes.
- Troy's tax base consists of 57.47% residential, 30.88% commercial, and 11.65% industrial.
