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PROPERTY VALUE


Detroit residential property assessments projected to rise

Residential property assessments in Detroit are projected to increase by an average of 31% per neighborhood in 2021.

Detroit mayor touts rising home values, capped property tax hike

When home values go up, property taxes usually follow -- but right now in Detroit, the tax hit is only a fraction of what it could be.

Property values go up in nearly every Detroit neighborhood

DETROIT – Officials with the city of Detroit announced Thursday that property values increased an average of 8% for the city. Still, there are those who think the assessing process is weighted against the city’s poorest, and Duggan is challenging those claims. “Property values in the city went up 8% last year,” Duggan said. Duggan presented a map of Detroit where green areas meant increased values and red meant decreased. Detroit is a unique market and you can’t get those nuances simply from a sales study.”The official data from the city of Detroit can be found here.

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