Detroiters Will See Lower Property Assessments This Year
Most Detroit homeowners will see property assessment reductions for 2016.
Bre’Anna Tinsley/ WDET
Most Detroit homeowners will see property assessment reductions for 2016.
Mayor Mike Duggan says 95 percent of homeowners will see a decrease of up to 15 percent decrease in their property assessment.
Duggan says this is the third year in a row that Detroiters will see double-digit reductions.
“If you’re thinking about buying a house, I would say this is the year to do it. Because it is very unlikely we’re going to see assessment reductions like this next year,” Duggan says.
Duggan says the numbers are based on a review of property values in the last two years.
He says he expects property values to continue to rise and for assessments to follow that trend.
City of Detroit
