This is long overdue
"More than half of Detroit’s residential property owners will have lower property tax bills this year, but 41 percent can expect modest increases, city officials said Monday.
The Duggan administration unveiled the proposed 2017 property assessments on the heels of the first parcel-by-parcel reappraisal of the city’s nearly 255,000 residential properties in 60 years.
“It’s been a three-year process, and today, we will be sending out the assessment notices, and everybody will get an assessment based on their individual houses,” Mayor Mike Duggan said during a Monday afternoon press conference at City Hall. “... Getting the assessment right is something that every homeowner should be entitled to expect.”
Officials said approximately 140,000 homeowners will see reductions in their taxes of about $263 each. Meanwhile, about 112,000 will see an average increase of about $80 each. The amounts for each will vary since each property was individually assessed, unlike past years, officials said.
The massive reappraisal project factored in aerial and street-level imagery of each home to provide a more accurate look at the city’s property values. More than 94 percent of homeowners will see a change of less than 10 percent in their assessed value, Duggan noted.
In the last three consecutive years, residential assessments for most in Detroit have come down."
http://www.detroitnews.com/story/new...ents/96946512/
Bookmarks