By now you've probably have received your latest property assessment notice from your city or township. And I'm betting a lot of you are not happy upon discovering that even though your property value has decreased-your taxes will be going up! How can that be!? Well, you can thank Proposal A that was passed back in 1995. It was designed to protect homeowners from seeing big tax increases as property values were soaring, but it has the opposite effect when values are declining. If you'd like more details on how your tax rates are calculated for your Ann Arbor, Dexter, Chelsea, Superior Township, Ypsilanti Township, Plymouth, or Canton property please see my March 2009 Newletter.As always, if you have any questions about the purchase/ sale of a Ann Arbor area home and/or Ann Arbor area condominium, or have any real estate matters you'd like to discuss, feel free to contact me at the Wickland Group because..... Your move matters.
By Steve Wickland
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