Posted by: Brian Powers | February 11, 2009

Residents dispute property tax hikes

Looks like the movement against rising property taxes in a time of decreasing property values is picking up steam.  200 angry Macomb County citizens attended a town hall meeting over disputed property tax assessments.

Anyone interested in supporting change that will prevent property taxes from increasing when property values decrease or stay the same should read up on House Joint Resolution B, which would amend Proposal A to prevent this from happening while still protecting taxpayers during times of property value growth.

Here is a link to a letter I had published in the Macomb Daily last Sunday regarding this:

Make property taxes reflect value

http://www.macombdaily.com/articles/2009/02/08/opinion/srv0000004637082.txt


As a real estate professional, I get asked a lot of questions. And I am usually able to provide good answers.

However, one question homeowners have been asking with greater frequency doesn’t have a good answer.

The majority of homeowners I talk to these days want to know why their property tax bills continue to increase, while the value of their homes continues to decrease. Fortunately, a constitutional amendment proposed in our state Legislature would put an end to this.

House Joint Resolution B would prevent homeowners’ property taxes from increasing when the value of their property falls or stays the same. Landmark tax reform was passed in 1994, in the form of Proposal A, when voters mandated that property taxes cannot rise any more than 5 percent or the rate of inflation, whichever is less.

Proposal A provided much deserved taxpayer protection during times of rising property values and low inflation. Unfortunately, now it’s payback time. In spite of decreasing property values, increased costs for goods and services, and increasing unemployment, Michigan homeowners are being slapped in the face with property tax increases.

Is the current climate of rising property taxes during a time of decreasing property values simply an unintended consequence of an economic “perfect storm?” Or is it the result of carefully crafted legislative language intended to ensure that the government would always have access to the taxpayers’ wallets both in good times and bad? Those are debatable questions. What’s not debatable is Michigan taxpayers have suffered too many financial burdens in this state for the past decade.

It’s time for the Legislature to step up to the plate and give the taxpayers of this state a fair shake.

Brian Powers

Chesterfield Township

Tax assessments for the upcoming year will be hitting mailboxes soon.  Pay close attention to your assessments and feel free to call me if you feel your property is not valued properly.  Together, we can review property values give you some ammunition to fight your property tax assessments.

Feel free to email me at brianpowers @ kw.com for more info.

Here is a link to a Macomb Daily article offering tips on disputing your property tax assessments:

http://www.macombdaily.com/articles/2009/02/10/news/srv0000004671254.txt

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Responses

  1. Brian, this was an excellent article about the plight of many homeowners: Rising property taxes versus falling property values.

    I also love the picture in your header of the view of downtown Mt. Clemens from the riverfront!


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