February 13, 2009 – (RealEstateRama) — Home owners across the state and country have seen their property values decrease while their property taxes have increased. According to news reports, the average residential assessment in Birmingham has dropped by almost 15 percent and the average in Troy has dropped by more than 8.5 percent.
To help bring relief to already struggling families, I recently introduced a proposal that would prohibit increases in property taxes on homes with falling property values. If passed by the Legislature and signed by the governor, Senate Joint Resolution H would be placed on the ballot in the next general election.
My office has been flooded with questions about property taxes and how to appeal them. To shed light on this issue, I, along with Weir Manuel Realtors and state Rep. Chuck Moss, have decided to host a property tax seminar that is free of charge and open to the public. It will be held on Tuesday, February 24 at the Birmingham Community House.
The seminar will provide property owners with the necessary information to understand how property taxes are assessed, and how and when property tax assessments should be appealed – including step-by-step instructions.
Those interested in attending are asked to RSVP to Weir Manuel Realtors at (248) 644-6300, as space is limited.
by John Pappageorge