Property taxes (Detroit, Wayne, Harper Woods: sale, real estate, houses)

[Xtreme]

Research has indicated that property taxes in Michigan are a little higher than the national average, and the state ranks as approximately 15th highest.

Can the group confirm or refute this? Are properly taxes typically a point of contention, or a selling point for Detroit and surrounding suburbs?

Thank you for your insight.

[jeeg]

Property tax levels by state; buying and owning a home - MSN Money


According to this article Michigan ranks 18th. Family members say the the taxes are much higher in the southeast area of the state.

[zthatzmanz28]

Taxes in Detroit proper and surrounding areas are HIGH. Not sure how they compare to other parts of the state but our house with a Detroit zip but outside of the city limits were around $3500 with and SEV of $56K.

[scolls]

My taxes in Harper Woods are $3300 with an SEV of roughly 66k. My parents pay $1200 a year in Roscommon with a 47k SEV.

[Xtreme]

So, it sounds like SEV (state equalized value) is something specific to Michigan. Can somebody explain this? I did some research but it doesn't seem very clear, to me or current MI residents.

Thanks.

[scolls]

Originally Posted by Xtreme

So, it sounds like SEV (state equalized value) is something specific to Michigan. Can somebody explain this? I did some research but it doesn't seem very clear, to me or current MI residents.

Thanks.

SEV stands for state equalized value. Basically it is your taxable value. In my case, my SEV is 66,000. SEV is half of what the market value of your home should be, so theoretically, I should be able to sell my home for 132k. Each city has a milage rate and your property taxes are detrmined by the milage rate times the SEV. In Harper Woods and Grosse Pointe schools district, the milage rate is 53.55 so when you take SEV (66000) * millage rate (.0553) you get annual property tax. There is also different millage rates for homestead and non homestead. Non homestead is always higher than homestead.

That is the basics. There was also proposal A passed in 1994 that changed things and you will find people have taxable values lower than their SEV.

[scolls]

I have also found this calculator to be on within $100

https://treas-secure.state.mi.us/pte...TEstimator.asp

[Xtreme]

That clears things up a bit, thanks!

[tigerwings]

High is right.

My last year in New Boston, I paid $5900 for an SEV of $148,000 (meaning house was worth $296,000, and Huron Twp is one of lowest tax rates in Wayne County. The other surronding counties are lower, and the City of Detroit is a LOT higher.

The House was 2 years old, paid $248,000, sold for 213K in 2008. Would be lucky to get $175000 now.

Paying about 2100 for a $225000 house in Surburban Denver now.

Starting SEV is half on purchase price.

[ocean2026]

Research my ass- check the methodology. Its not the taxrate that is only crucial its what they use for assessed value. A piece of junk going for $750 ( thats right seven hundred and fifty dollars) may have annual tax of $3000 and in many cases more. That's because the city lives in its own reality when real estate values were high, the Tigers played Cards in the WS, and there were no riots and crack.

Texas appraises by latest sale- thats the market value. If Detroit did this there would not be so many abandoned houses because people could afford the tax on a $10,000 house if that's the last sale and real value.