Form L-4035a - 2009 Taxable Value Calculations Worksheet

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Michigan Department of Treasury
L-4035a
3128 (Rev. 1-09)
2009 Taxable Value Calculations Worksheet
Petition No. ___________________
Issued under authority of P.A. 206 of 1893. Filing is mandatory.
This form must be completed by the Board of Review (B of R) and made part of the Board of Review Record
whenever a change is made to an individual parcel of property which causes Taxable Value to change.
Complete Section 1 if the B of R changes Capped Value.
SECTION 1
By Assessor
By B of R
2008 Final Taxable Value as set by Assessor, Board of Review or Michigan
Tax Tribunal (Enter number into column labeled "By Assessor.")
=
Amount of Losses
=
(See page 11 and 12 of STC Bulletin #3 of 1995 for formulas)
Amount of Additions
=
(See page 6 - 11 of STC Bulletin #3 of 1995 for formulas. IMPORTANT: See STC Bulletin No. 3 of 1997 for
change to formula for Replacement Construction).
2009 Capped Value
= (2008 Taxable Value - Losses)
X 1.044
+ Additions
= ( _______________ - _______________) X _____________ + _____________
=
By B of R
2009 Capped Value =
Complete Section 2 if the B of R changes Assessed Value.
SECTION 2
By Assessor
By B of R
=
2009 Assessed Value
2009 Tentative SEV
= 2009 Assessed Value X 2009 Tentative Equalization Factor
= _____________________
X
_____________________
= _____________________ By B of R
2009 Tentative SEV =
2009 Tentative Taxable Value is the lesser of the 2009 Capped Value or the 2009 Tentative SEV.
2009 Tentative Taxable Value
= ______________________
Signature of Secretary, Board of Review
Date

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