As I expected, thousands of property owners (residential, commercial, even churches) are requesting hearings & reviews of their tax assessments. Who can blame them? Considering how much values have dropped in the last 2 years.
Read on.....
The backlog of cases from taxpayers seeking to lower property-tax bills of more than $100,000 shot up to 14,236 this year from an annual average of about 6,000 during the past decade. The backlog of smaller claims was at 28,558 at the end of September, eight times higher than a decade ago, according to records at the tribunal, a Lansing-based administrative court.
Go to this link for more.....
To contact the reporters on this story: Jeff Green in Southfield, Michigan, atjgreen16@bloomberg.net; Tim Jones in Chicago at tjones58@bloomberg.net.
Thank You, Larry
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