This data is provided by Van Buren County or Municipalities therein.
This data was prepared from publicly available information and should be used
for reference purposes only. Any other use or recompilation of this information
is the sole responsibility of the user. This data cannot be used to establish
legal title, boundary lines, setback compliance, locations of improvements or utilities.
It will not be accepted as a substitute for ground site survey information
during the planning/engineering process of project development. Van Buren
County expressly disclaims all liability regarding accuracy or completeness of
this data.

What do all these terms really mean?

Estimated Size: Is calculated based on the parcel as mapped in the county's computer mapping system. This is an estimated size intended for reference purposes only and may not accurately reflect the exact size of parcel. Always consult the deed or a surveyor for actual acreage.

Principle Residence Exemption (PRE): Exempts a residence from the tax levied by a local school district for school operating purposes.

State Equalized Value (SEV): A value assigned to a property by the local city or township assessor. It is 50% of the cash value or market value of the property. SEV is not the amount the city bases your taxes on. It is used to calculate the taxable value of the property. SEV is the assessed value, as adjusted by State and County Equalization multipliers.

Taxable Value: A property's taxable value is the value used for determining the property owner's tax liability. Multiplying the taxable value by the local millage rate will determine your tax liability. Taxable value increases from year to year by the rate of inflation or 5%, whichever is lower.

True Cash Value: Is calculated as twice the State Equalized Value. This should not be confused with an Appraisal. In Michigan, the State Equalized Value (SEV) and an appraisal of property serve distinct purposes and are calculated differently. The SEV, determined by local assessors, aims to reflect 50% of a property's market value (True Cash Value) for tax purposes and is adjusted annually. It forms the basis for calculating property taxes, with adjustments at county and state levels for uniformity. In contrast, an appraisal provides a current market value assessment, conducted by licensed professionals for real estate transactions, financing, or legal situations. While SEV is used primarily for taxation, based on a standardized assessment, an appraisal offers a detailed, transaction-specific valuation, influencing lending decisions and transaction prices.