Tag: property

Why Grand Rapids Sees Beneficial Credit Repair Services

We’ll be ridiculously honest that even in our great city on the river, many residents here suffer from serious credit repair problems. Scammers are out there (so says Sherlock Holmes, right?). Sometimes the cost is too much just to get that credit score up. What can a Grand Rapids resident do to solve the problem, so he or she can get into a home with zero money down and a decent mortgage payment? Well, the BBB A-rated H.O.P.E. Program has the answer, having worked with the likes of Lexington Law for so long!

Enter Independent Credit Solutions: A New Service for Credit Repaircredit repair open door

It was recently announced in a press release that this new service was recently launched, throwing in their hat in the credit repair market: Independent Credit Solutions, their own brand of credit repair, and wow it’s making waves all over social media, through the HOPE Program’s own blog even, and through sites like OWNWITHHOPE and the Complete Real Estate Site. The word is spreading. And hopefully Grand Rapids, Michigan, will hear it loud and clear.

The fact is this: credit repair’s essential to the prospective homeowner. Even if you’re renting, or considering a rent-to-own, you’re going to want to enroll in that DIY credit repair — because the better your credit score, the faster you get into that ideal dream home.

The Answer Is Obvious: Enroll in ICS Right Now

You can fill out your information, in fact, right here with Independent Credit Solutions — the unique service empowering all prospective homeowners with the resources necessary to improve their credit. Credit repair’s only an open door away. You don’t even have to open any doors at all. ICS has all the doors open for you thanks to their new division of credit repair. Get started right now and don’t hesitate.

Translating Taxable Value of a Grand Rapids, MI, Home

No, you don’t have to be a genius mathematician to figure this out (that’s what this website is for, actually). Truthfully, Grand Rapids, MI, property values isn’t that hard (but certainly plenty out there make it a lot more complex than it should be!). In regards to the latest news about property values for, for instance, your Grand Rapids, MI, home, you’d think that the lower millage rate we heard about would actually be maybe even a slight benefit to homeowners. But it’s not. Want to know why?

Taxable Value Does Change When It Comes to PropertyGrand Rapids, MI, home sunshine

Case in point: if property values remained the same year after year, lower millage rates would definitely see a decrease in city property taxes. For sure. About 1.4 cents, to be exact. But that’s not the case here in the everyday Grand Rapids, MI, home, for instance.

Property values change every year one way or another. This can take a lower millage rate and turn the taxable value into something completely different. As it stands right now, with this lower millage rate proposed for every Grand Rapids, MI, home, taxable value per home having seen an increase from $45,138 to $46,141 in this past year won’t really drop the property taxes at all.

It will, in fact, raise it just a bit for every single Grand Rapids, MI, home.

Think of It This Way: Property Values Go Up, Tax Rates Go Down, But Accumulate Much More

It’s basic math. But there’s a balance, and people have to be on top of the changes like psychics on a hotline. It’s about prediction. Weather patterns. Knowing when the storm’s about to hit. The real estate market with respect to property values is a tricky little industry, but if you know what’s going to happen, when it’s going to happen, and what will happen when it happens, we can safely say you’ll be prepared!

How the Millage Rate Affects the GR Property Value

A little bit goes a long way: that’s what we want you to remember when considering something called the “millage rate.” What is the millage rate? Simply put, it’s a property tax rate defined by the tenths of a cent applied to assessed property value. Might not seem like much, but when you add it all together, that’s something every GR homeowner, home buyer, or home seller would very much like to know….

It Makes for a Drastic Change in the GR Property ValueGR property value scale

What’s going to happen to the GR property value starting this July is a slight dip in the property tax rate. Yes, it sounds like a good thing but not when you have a particular relationship going on with the millage (the actual tax rate per tenths of a cent) and the actual property value. And here’s the great thing about Grand Rapids these days: the GR property value all around is actually going up. Great for the market, but not so good for actual tax dollars even if the tax rate drops a bit.

This is what it’s going to look like very soon: we’re going to see a drop from 9.1518 mills to 9.1515 mills. That’s .0003 mills per $1K in property value. The reason why the millage is dropping (hence the property tax rate per homeowner will be dropping just a tad) is because the actual property value is going up. It’s all about balance.

This ensures the city’s subsidy to the convention and visitors bureau sits at a steady $50K. Look at it like a scale, for instance. Both sides need to be even. If overall GR property value starts to climb, Grand Rapids will ultimately have to see that the millage rate goes down.

And the Millage Rate Doesn’t Have to Go Down a Whole Lot!

That scale can crash and burn just from one ounce of an ounce of a feather landing on one side, so when you think about it, the real estate market is very much like a balance. Keep it steady, and everything’s good in the GR economy (which is impossible). One side starts to fluctuate, and you have to compensate (and it’ll certainly ruffle up the industry some, but that’s normal!).