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Old 04-05-2018, 05:32 PM
 
1,082 posts, read 1,051,135 times
Reputation: 1753

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Quote:
Originally Posted by magellan View Post
Your property taxes couldn't possibly have gone up that fast. Michigan has a cap on property tax increases from Proposal A back in the 1990's. Rate of inflation or 5%, whichever is less, is all they can increase your assessed value while you're living there and claiming it as your primary household.

For our home, in 2011 we were $3396/year. In 2017 we were $4231. Part of that increase was for a millage request for upgrades to all of the schools, and an expansion of the high school where our kids go.
I moved.

The tax rate also moved much faster than inflation. It was ~5000/year when I moved out in 2015. This might have to do with the fact that I bought the place and was still paying the old tax rate.

The city jacked the rates up on the new owners.

The taxes were:
$4200 in 2013
$5000 in 2015 when I sold.
$7200 in 2018

(edit) Just looked it up. Taxes are ~1500 higher than the neighbor, who had a bigger house with a higher assessment.

So basically, move into Grand Rapids today and you're getting Michigan's version of California's Prop 13.
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Old 04-05-2018, 06:13 PM
 
Location: Grand Rapids Metro
8,885 posts, read 18,156,429 times
Reputation: 3893
Quote:
Originally Posted by Lockdev View Post
I moved.

The tax rate also moved much faster than inflation. It was ~5000/year when I moved out in 2015. This might have to do with the fact that I bought the place and was still paying the old tax rate.

The city jacked the rates up on the new owners.

The taxes were:
$4200 in 2013
$5000 in 2015 when I sold.
$7200 in 2018

(edit) Just looked it up. Taxes are ~1500 higher than the neighbor, who had a bigger house with a higher assessment.

So basically, move into Grand Rapids today and you're getting Michigan's version of California's Prop 13.
So YOU weren't hit with the tax increase. I think that's what you implied.

Property taxes here are still relatively inexpensive, depending on where you live. In the city of GR, yes a bit high but not East Coast high or Chicago high. Go out to any of the townships and it's right around 1.1 - 1.2% of your market value per year.
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