(a) An appraisal of all residential property in the City shall be completed every five years beginning January 1, 2025, and every five years thereafter.
(b) The reappraisal required under Subsection (a) of this section shall be completed in two years, and shall be the basis of the annual assessment required under Section 10 of the Michigan General Property Tax Act, MCL 211.10, the year following the year the appraisal is completed.
(c) The appraisal required under Subsection (a) of this section shall establish the true market value of the property and be completed by utilizing a combination of Remote Data Verification, which shall involve the use of aerial and street level imagery, and the physical inspection of the subject property.
(d) The City may contract with a private appraisal firm to perform the appraisals required under Subsection (a) of this section.
Codified by Ord. No. 2020-28 (JCC. 5/5/20, Pass. 7/7/20, App. 7/8/20, Pub. 3/5/121, Eff. 8/21/20).