Detroit Property Tax Appeal Opportunity
Updated: Jan 15
The Detroit News recently published an article outlining Detroit’s history of failing to correctly assess Michigan property taxes on Detroit residential real estate. More specifically, the city has failed to adjust the assessed values of residential real estate for many years despite the obligation to equalize values across similar properties. This has led to many properties with assessed values well above a proper fair market value.
Homeowners have rights and can appeal the assessed value of their homes this year, which if successful will lower the value for future years subject to the rules limiting the growth in assessed value. You can appeal your property tax assessment even if you have lived in your home for many years.
If you are a homeowner and believe the assessed value of your home is greater than the fair market value, you should consider appealing the assessed value to lower your property tax bill. A successful property tax appeal could save you thousands of dollars or even tens of thousands of dollars during your period of hone ownership. If you have questions about the appeals process or need representation for a Michigan property tax appeal, contact Steiger Tax Law today. Michigan property tax appeals have strict filing deadlines and taxpayers must meet these deadlines and follow certain procedures to preserve their rights to file a claim or appeal.
The Detroit News article discussing Detroit's recent history of excessive assessments is located here.