Commercial Real Estate In Michigan -  Jonathan Brateman Properties
Commercial Realestate Properties represented by Jonathan Brateman Properties
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Glossary

TAXES AND ASSESSMENTS

Assessed Value- a value places on a property for the purpose of taxation

Basis- the paid price for property; used in calculating income taxes

Capital Gain- the gain (profit) on the sale of an appreciated asset

Mill Rate- property tax rate that is expressed in tenths of a cent per dollar of assessed valuation

Tax Lien- a charge or hold by the government against property to insure the payment of taxes

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Jonathan Brateman

40015 Grand River
Suite 105
Novi, Michigan 48375

(248) 477-5000
FAX: (248) 919-5976

Commercial Realestate Properties represented by Jonathan Brateman Properties

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