Can anyone explain to me how a city like Detroit can have super high property taxes but the suburbs are less?
Not knocking Detroit (I grew up there). But, I always thought the safer the environment and more pricey the homes, the more the property taxes. Homes in Detroit are selling for pennies so how are the property taxes so high compared to neighboring suburbs with more expensive homes/better schools?
You’ve answered your question yourself. With the drubbing that the RE market has taken in Detroit, property tax rates have gone through the roof for the remaining properties as the city struggles to maintain services with a reduced base. The cost of protective services (Fire & Police) tends to rise as crime moves in to neighborhoods with large numbers of unoccupied homes. This compounds the problem for the city.
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Shifting The Burden: Cities Waive Property Taxes for Favored Businesses $0.99 Special deals between cities and hand-picked developers have exempted more than $2 billion in development projects from property taxes in Arizona, shifting the tax burden to surrounding property owners and creating a competitive disadvantage for other businesses, an investigation by the Goldwater Institute has found.Those high-rise office buildings and sprawling retail centers would generate more … |
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Union of South Dublin, South City Ward: Valuation of the several tenements comprised in the above-named union, situate in the City of Dublin … |
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U. S. Supreme Court rules that FSIA does not immunize foreign government from lawsuit to declare validity of New York city tax liens on property held by … An article from: International Law Update $9.95 This digital document is an article from International Law Update, published by Transnational Law Associates on June 1, 2007. The length of the article is 1215 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: U. S. Supreme Court rul… |
