To embed, copy and paste the code into your website or blog: May 31 is the deadline for filing property tax assessment appeals in the Michigan Tax Tribunal on commercial and industrial real property. Assessment notices sent in February show the assessed value and state equalized value which should not exceed 50% of market value. The notices also shows the taxable value (the “TV”). The TV is the lesser of the State Equalized Value (the “SEV”) or the previous year’s TV adjusted for additions, losses, and inflation. Once property is transferred, its TV is reset at the SEV. In o...