Politics

Good News for Detroit Property Owners; Most Will See A Drop In Assessed Values

January 28, 2015, 4:34 PM by  Allan Lengel

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Mayor Mike Duggan

Here's some good news for the lion's share of Detroit home owners.

Mayor Mike Duggan announced Wednesday that for the second year in a row, most Detroiters will see a reduction in the assessed values on their homes. The  2015 Assessment notices will be mailed next week.

Duggan estimated about 75 percent of the city's  220,000 residential properties will see a reduction of 10-20 percent of their property’s assessed value.  Approximately one-quarter of homeowners will see a reduction five percent or less.

“For years homes across the city have been over assessed,”  Duggan said in a statement. “If we are going to make Detroit a place that people will choose to live in, we have to make sure that our property assessments and our taxes are in alignment actual values, and we are doing that."   

The city noted that 25 neighborhoods, which experienced stability, will not see a reduction:

1. Arden Park
2. Berry Sub
3. Detroit Golf Club
4. Grandmont East
5. Grandmont West
6. Greenacre
7. Greenlawn
8. Indian Village
9. LaSalle Gardens
10. Outer Drive E
11. Palmer Woods
12. Rosedale South
13. Sherwood

14. Bagley

15. Eight Mile Evergreen
16. Berg Grand River
17. McNichols-Livernois
18. Meyers Outer Drive
19. Puritan Meyers
20. Midtown Brush Park
21. Woodward West Grand Blvd
22. Woodbridge
23. West Village
24. River Side
25. Boston Edison

 

 



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