Rob Sexton, Realtor

02/04/2026

Not the most fun topic, but useful information:

Assessment notices have been mailed to property owners. These notices include important information used to calculate your property taxes for the year.

The most important figure on your notice is the taxable value, as your property taxes are based on this amount unless you choose to appeal.

Understanding taxable vs. assessed value:
🔹 If you have owned your home for more than one year, your taxable value may be lower than the assessed value due to state limits on annual increases.
🔹 The assessed value represents half of the property’s estimated market value as calculated by the state.
🔹 If you purchased your home in the past year, the taxable and assessed values are usually the same in the first year. Over time, taxable values generally grow more slowly than assessed values due to state limits on increases.

It is important to review your notice carefully. Answers to common questions about assessment notices are available here:
https://www.wyandottemi.gov/m/faq?cat=53,33

For additional questions, contact the Assessor’s Office:
📧 [email protected]

📞 734-324-4511

11/29/2025

A fun bit of local history:

https://www.freep.com/story/news/local/michigan/wayne/2025/08/30/grosse-ile-mansion-ransom-e-olds-elba-island/83797060007/

Ransom Eli Olds spent more than a decade summering at the 12,000-square-foot mansion he called Elbamar built on Grosse Ile in the early 1900s.

10/16/2025

This is great info to keep in mind for anyone who’s recently purchased or is thinking about buying in Michigan!

📌 𝗡𝗲𝘄 𝗛𝗼𝗺𝗲𝗼𝘄𝗻𝗲𝗿 𝗛𝗲𝗮𝗱𝘀-𝗨𝗽!

This time of year, we hear from new homeowners who find themselves with an unexpected escrow shortage — usually because their mortgage company based taxes on the seller’s bill.

💡 𝗛𝗲𝗿𝗲’𝘀 𝗪𝗵𝘆 𝗜𝘁 𝗛𝗮𝗽𝗽𝗲𝗻𝘀
When you buy a home in Michigan, your property taxes may go up the following year due to something called “uncapping.”

• 𝗞𝗻𝗼𝘄 𝘁𝗵𝗲 𝗡𝘂𝗺𝗯𝗲𝗿𝘀
◦ SEV (State Equalized Value): 50% of market value
◦ Taxable Value (TXV): The number used to calculate your property taxes

• 𝗧𝗵𝗲 𝗨𝗻𝗰𝗮𝗽𝗽𝗶𝗻𝗴 𝗥𝘂𝗹𝗲
◦ Taxable value normally increases only by inflation or 5% (whichever is lower).
◦ But when a property is sold, the taxable value resets to the SEV the next year — sometimes leading to a noticeable jump in taxes.

• 𝗦𝗮𝗺𝗲 𝗛𝗼𝘂𝘀𝗲, 𝗡𝗲𝘄 𝗢𝘄𝗻𝗲𝗿, 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗧𝗮𝘅 𝗕𝗶𝗹𝗹!
Even if the SEV stays the same, your tax bill might not look like the seller’s.

✅ 𝗦𝗺𝗮𝗿𝘁 𝗠𝗼𝘃𝗲: Before buying, check the real numbers using the State of Michigan Property Tax Estimator or call the local assessor's office and ask what the new taxes will be:
👉 michigan.gov/taxes/property/estimator

10/09/2025

This 2-bedroom upper flat is nestled just 5 blocks from downtown Wyandotte's vibrant center. Recently renovated bathroom and modern kitchen with stainless steel appliances. Ample storage and shared laundry facilities in the basement. $1,100/month.

Tenant responsible for electric, cable, and internet. 600+ credit score and 3x rent income required. No smoking. $70/month for water, gas, and trash. Agent-owned property.

08/04/2025

https://fortune.com/2025/08/04/labor-department-data-fed-interest-rate-cut/

The resignation of FOMC member Adriana Kugler also opens the door for a more dovish Fed shift.

07/28/2025

https://fortune.com/article/current-mortgage-rates-07-28-2025/

See Monday’s report on average mortgage rates on different types of home loans so you can pick the best mortgage for your needs as you house shop.