Last poster is clueless.....
Detroit's mill rate is 64 mills for 2009 and the Detroit' NEZ rate [[about 40 neighborhoods out of 125) is 50[[county and city) mills [[Indian Village included). Grosse Pointe City is 43.7[[city only + 7.8 for county) for 2008.
SEV's and taxable values in Detroit are usually about 1/3 to 1/2 of a similiar square footage/year built home in the 'burbs and are declining.
http://www.michigan.gov/documents/tr...79573_7.pdf008
I live in a brick 2,700 sq ft home in a Detroit NEZ neighborhood and pay about $4,400 per year in city/county property tax.
Find me this home in GPP or Pleasant Ridge with only a $4,400 tax bill?
similiar home in GPP taxable value 150,000-200,000 X 43mill+7 mills= 7500-10,000
Let's compare apples to apples......
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