Regular Meeting – RESCHEDULED (Assessor’s Report)

**Executive Summary: Kasson Township Assessor’s Report – January 2024**

This report outlines the key dates and procedures for property assessment in Kasson Township for the 2024 tax year, as dictated by the General Property Tax Act of 1893 and subsequent state bulletins. The assessment schedule is governed by Bulletin 13 of 2023, issued on October 23, 2023. December 31, 2023, serves as the critical “Tax Day,” determining ownership, taxable status, and property characteristics for the upcoming year’s tax assessments, including the uncapping of taxable value unless exemptions apply.

The report emphasizes the critical deadlines and responsibilities associated with the March Board of Review (MBOR). The assessment roll must be completed, certified, and submitted to the MBOR by March 5, 2024, with the MBOR holding its organizational meeting on the same day. Subsequent meetings of the MBOR are scheduled, with the second meeting occurring on March 13, 2024, to review and address assessment-related concerns. Key calculations, including the Capped Value formula (utilizing an inflation rate multiplier of 1.05) and the Headlee Millage Reduction Fraction (IRM of 1.051), are also specified.

The report also covers ongoing maintenance of the assessment roll. This involves the regular processing of property transactions, including deeds, property transfer affidavits, and permits for building or land use changes. The assessor will also continue to enter data from field inspections and maintain property record cards, including necessary updates to property descriptions, assessed values, and parcel numbers, and new record creation.

Finally, the report confirms that there are no pending cases before the Michigan Tax Tribunal and is respectfully submitted by Julie Krombeen, MAAO/3, the Kasson Township Assessor.