Why did my assessed value go down and my taxable value go up?Īs noted above, a property's assessed value and taxable value are independently calculated. ![]() The Township collects taxes for itself along with Berrien County (general and other services), all school districts (Bridgman, Lakeshore and River Valley), RESA (general and special education), drain assessments, Lake Michigan College, and State Education tax. See transfer of ownership link above.Ī mill represents $ 1 of tax per $ 1000 of taxable value. However, in the year following a transfer of ownership the taxable value is uncapped and increased to the current year assessed value. addition of a garage or porch)īy definition the taxable value can not be greater than the assessed value.
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