yes, property values and population have fallen. but how valid are these charts?
the average price of a residential unit sold has fallen 87%? how many units were actually sold? and the numbers are skewed because so many places in detroit are sold on land contracts -- meaning they're not counted as 'sold' until years later when the contract is paid off.
detroit gets a smaller percentage of its revenue from property taxes than all those suburbs do? of course it does, since it has another source of income -- a personal income tax, which those other places don't.
there's mention of a chart showing a drop in income taxes, but it's missing.
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