What document must be filed to contest a property's assessed value?

To contest a property's assessed value in Michigan, the correct procedure involves filing the Assessed Value Appeal Form, specifically Form L-4035. This form is designed for property owners who believe that their property has been overvalued or assessed incorrectly. Submitting this form initiates the formal appeal process and allows the local Board of Review to take the claim into consideration.

The importance of this form lies in its role as the official document that triggers the appraisal review. It typically requires property owners to provide information regarding the property in question, the reason for the appeal, and any supporting evidence that suggests a discrepancy in the assessment value. By following this process, property owners have an opportunity to present their case and potentially receive a correction to their tax assessment.

In contrast, the other options serve different purposes. The Property Assessment Notice communicates the assessed value to the property owner but does not facilitate an appeal. The Property Tax Statement outlines what is owed in taxes but also does not address challenges to assessments. Lastly, the Tax Exemption Request Form is intended for properties seeking exemption from taxes altogether, not for contesting the assessed value. Hence, filing Form L-4035 is the necessary step to effectively contest an assessment.