8 YEAR PROPERTY TAX FREEZE SAVES YOU THOUSANDS EVERY YEAR.

Residents at Six North Michigan get a substantial benefit from ownership in an historic building. The current assessment of the property is frozen for an 8-year period at the low level of a base year similar to the 2003 value. Our tax counsel estimates that the taxes will be roughly .5% or less. This means that taxes for a one bedroom residence will be approximately $662 yearly compared to $4,500 or more for a similar unit in the area. After the eight year freeze period there will be a four year adjustment to market rate.

THIS IS A HUGE ADVANTAGE OF OWNERSHIP HERE.