Your Property Taxes Will Have Decreased

Its true, values across Michigan have been reduced.  This reduction, if it reduces the taxable value on your house will lower your Michigan property tax bill.  The problem is, this valuation was done as a broad reduction in value.  Its not unique to your house, your neighborhood, and generally just not enough of a reduction.  If property taxes were reduced as much as they should under the current system, the municipalities that rely on property tax revenue would have some major budget issues.  Take a real close look at the value on your house, values in some areas should be and could be down as much as 70% from their highs, there is not an adjustment on any tax bill that will show that.  Pay your taxes, but pay your fair share.