82
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      Tax assessment significantly lower in MidMichigan

      If you haven't paid your property taxes, you're late. They were due Wednesday afternoon.

      However, some people were actually smiling as they turned them in. Those smiles are optimistic smiles in hopes that lower taxable values for their homes and properties will translate into lower tax payments.

      Several properties across Genesee County have taken a polar plunge this February.

      William Nelson paid his Richfield Township property taxes Wednesday.

      He owns 10 vacant acres that he would like to sell one day.

      However, the township says it's worth just $24,000.

      Nelson wonders what will happen with his lower assessment. "If your assessment goes down, are your taxes going to go down with that? Well, that's one thing. But if your taxes do not go down, then you're not coming out on the high end," says Nelson.

      Leaders says Richfield Township's property tax collections sank more than $9-million. However, with a 6.9% population increase, it receives more money from the state.

      The township supervisor says when assessments go down, it hurts the county more than the townships and cities.

      "I'd say around 70% to 75% of it we collect is sent to the county," says Richfield Township Supervisor Joe Madore.

      Madore says the township will lose about 5% its property tax money this year.

      However, more money from the state will help offset that.

      Richfield Township leaders say they've been working on keeping costs down just in case something like this were to happen.