Property Assessments in Detroit, Foreclosures and Predatory Cities

[Bigdd]

Taxes on a $ 43,000 house should be $800 a year.

But high crime causes a city to go into a financial death-spiral.

People move away, which lowers tax revenue.

Houses get abandoned, which lowers tax revenue.

Neighboring houses drop in value, which lowers tax revenue.


All the while, there's a dramatic increase in the need for police, fire and EMS. All of which increase a city's costs.


The crime was committed by residents. The incompetent city council members we've had over the years were voted in by residents. [[That illiterate school board president was voted in by residents). Big corporation X doesn't get even ONE vote,.. even though they may have as much invested into the city as 10,000 residents who CAN vote.

I don't think this is one we can blame on corporations, or the proverbial "whitey in the suburbs".