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August 5, 2014 - On Tuesday, August 5, Michigan voters overwhelmingly (69-31%; Associated Press) passed Proposal 1. The approval of this proposal authorizes the continuation of the "small business" exemption, which actually began for the 2014 tax year. This exemption applies to business that have equipment with a true cash value of $80,000 or less. The proposal also provides for a phase out of the personal property taxes on "eligible manufacturing personal property". This phase out will take begin for the 2016 tax year and will exempt all "eligible manufacturing personal property" by 2023. The proposal also authorizes several measures o replace the revenue that will be lost due to the new exemptions and authorizes the creation of a Local Community Stabilization Authority to levy the local share of the use tax and distribute that revenue to municipalities. The intent is to allow local municipalities to avoid cutbacks to services such as police and fire. (Source of information, State of Michigan State Fiscal Agency) Frischman Appraisal & Consulting can help you understand how this might affect your business. Contact us at 734-929-5378 or FRISCHMANAPPRAISAL@yahoo.com read more news
 
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I have had a very favorable experience working with the Frischman Appraisal & Consulting in the private sector as well as with Sharon Frischman in the public sector. Frischman Appraisal & Consulting is gaining a great reputation for their soaring level of expertise and professionalism in the field of machinery and equipment appraisal. Sharon Frischman is a highly sought after appraiser and consultant and has been involved in many high profile Michigan Tax Tribunal cases. Howard Frischman provides comprehensive research on each appraisal assignment. I feel confident in Frischman Appraisal & Consulting’s ability to give highly satisfactory appraisal and consulting services to whomever they serve. I look forward to working with them again in the future. Mark Rodriguez read more
 
 
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Frischman Appraisal & Consulting is currently experiencing a problem with our contact page. While we work to resolve this, please contact us at 734-929-5378 or email us at FRISCHMANAPPRAISAL@yahoo.com. Thank you for your patience.

The combined training and experience of our employees as well as the partnerships that exist from many years of working with government officials, attorneys and appraisers give us the resources to solve your puzzles regarding property values, property tax law and exemptions, etc. Our network of professionals includes appraisers’ with MAI designations with several areas of expertise.

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