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Detroit property values increase 20 percent | Crain's Detroit Business

Residential property values in the city of Detroit were up 20 percent on average in 2022, Mayor Mike Duggan said Friday, continuing a six-year trend of rising home values, though there are still some pockets of the city where property values declined.The city also saw more vacant homes… ....

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Coalition: Nessel will issue opinion on possible cash compensation for over-taxed Detroiters

The Coalition for Property Tax Justice said Attorney General Dana Nessel told them she would issue a legal opinion on whether the city can compensate some homeowners in cash or with property tax credits. The Coalition said that’s the appropriate way to redress historical property over-assessments that led to over-taxation, which helped fuel a wave of tax foreclosures in Detroit. ....

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