An estimated 100,000 Detoiters lost their home to foreclosures because of over-assessments
Highlights
- An estimated 100,000 Detroiters, most of them Black, lost their homes to foreclosure.
- Michigan Constitution prohibits property from being assessed at more than 50% of its market value.
- To this day, residents have not been compensated for losing their homes or paying more than they owed in property taxes.
- Coalition for Property Tax Justice surveyed more than 200 overtaxed residents to determine how they want to be compensated.
- Mayor Duggan’s administration says state law prohibits city from providing cash payments or tax credits to any of the overtaxing residents.
- Advocates say there are plenty of alternatives, including home repair grants, houses or side lots from the Detroit Land Bank, Section 8 vouchers.