Torch Lake Township is seated in northern Michigan between Torch Lake and Lake Michigan.

Below are links to Torch Lake Township departments,  officials, forms and documents.

GENERAL INFORMATION

Township facts
Helpful links
Annual budgets

ELECTED OFFICIALS

Supervisor
Treasurer
Clerk

Trustees

APPOINTED OFFICIALS

Assessor
Ordinance Enforcement Officer
Zoning Administrator

BOARDS, COMMISSIONS AND DEPARTMENTS

Board of Review
EMS
Fire Department
Planning Commission
Torch Lake Township Board
Zoning Board of Appeals (ZBA)

COMMITTEES

View a list of all committees

ELECTIONS

View election information

STAFF

Full roster

TAXES

Pay TLT taxes online

FORMS AND APPLICATIONS

View a complete list of forms
and applications

ORDINANCES / ETC.

Zoning Ordinance
Township and police ordinances
Pending and new ordinances
Land Use Plan

AGENDAS AND MINUTES

Regular meeting agendas
Nonregular meeting agendas
Minutes for past meetings

FOIA

Miscellaneous documents


How is Taxable Value Calculated?

Taxable value - the value for which your tax bill is calculated, is determined each year by comparing the sev/assessed and capped values of your property - then choosing the lower of the two. The assessed value is the assessor’s estimate of 50% of the market value of the property.

Capped value is determined using the following formula:

(Prior year taxable value – losses) x [CPI or 5% (which ever is lower)] + additions

Losses, in most cases, are equal to the taxable value of any buildings, or portions thereof, that were removed or destroyed in the previous year.

Additions, in most cases, are equal to the assessed value of any new buildings, or portions thereof, that were built in the previous year.

Consumer Price Index (i.e., CPI, or the inflation rate) is equal to that which was experienced in the state of Michigan in the prior year. This figure is determined by the Michigan Department of Treasury.

Here's and example from 2004:

2004 Taxable Value for a parcel of property is the lower of either (a) the 2004 SEV for the parcel, or (b) the 2004 capped value for the parcel - calculated as follows: (2003 taxable value - losses) x (the lower of 1.05 or the inflation rate multiplier of 1.023) + additions.

The following calculates the taxable value for a 2003 property with no physical changes (meaning that the property’s land size remained the same and neither the buildings nor the property were destroyed or improved in whole or part). The example property also experienced a 2% market value increase in 2004 and there was no "transfer of ownership" in 2003.

- 2003 SEV = 50,000

- 2003 Taxable Value = 49,000

- 2004 SEV = 50,000 + 2% = 51,000

The 2004 taxable value is the lower of:

1) The 2004 SEV of 51,000

- OR -

2) The 2004 capped value, calculated as follows:

(2003 taxable value - losses) X (the lowest of 1.05 or the inflation rate multiplier of 1.023) + additions

Since there are no additions or losses for this example, the capped value formula is:

(49,000 - 0) X 1.023 + 0 for additions

It can be further simplified as:

49,000 X 1.023

2004 capped value = $50,127

The 2004 taxable value is $50,127 (since this is lower than the 2004 SEV of $51,000)

 
       
Torch Lake Township.

Street address: 2355 N US-31 | Kewadin, MI 49648
Mailing address: Post Office Box 713 | Eastport, MI 49627
Phone (231) 599-2036 | Fax (231) 599-2981
email directory

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