In Michigan, the Board of Review is an essential part of the property tax assessment process. Its primary responsibility is to review and address property owner appeals regarding their property assessments. The Board's main objective is to ensure fair and accurate property valuations for tax purposes.

Here is a more detailed explanation of what the Board of Review does in Michigan:

1. Property Assessment Appeals: The Board of Review provides property owners with an opportunity to appeal their property assessments if they believe it is inaccurate or unfair. Property owners can present evidence and arguments to support their case, and the Board will review the information presented to make a determination.

2. Property Assessment Corrections: If the Board of Review finds that a property assessment is incorrect or inconsistent with the market value, they have the authority to correct it. This correction may result in a decrease or increase in the assessed value of the property, which can directly impact the property owner's tax liability.

3. Review and Adjustment of Exemptions: The Board of Review also reviews and assesses applications for various property tax exemptions such as homestead exemptions, agricultural exemptions, or exemptions for disabled veterans. They verify the eligibility of the property owners and make decisions on granting or denying these exemptions.

4. Hearings and Evidence: The Board of Review conducts formal hearings where property owners can present evidence to support their case. This evidence may include recent property sales data, appraisals, or any other relevant information that can assist the Board in evaluating the accuracy of the assessment.

5. Property Record Review: The Board of Review examines property records, sales data, and other relevant information to ensure the accuracy of assessments. They consider factors such as property condition, recent improvements or damages, and market value trends to make informed decisions.

6. Taxpayer Assistance: The Board of Review provides guidance and assistance to property owners regarding their assessments, tax exemptions, and the appeal process. They help property owners understand their rights and responsibilities, answer questions, and provide information on the available options.

It's important to note that the Board of Review operates independently from the local assessor's office and acts as a neutral party in assessing property values. Their aim is to ensure fairness and equity in property tax assessments by providing a transparent review process for property owners.