Detroit Has The Second Highest Residential Property Taxes In The Nation, Says Study
If you’re a Detroit homeowner, you might get the feeling that you’re paying through your nose for your property taxes. That feeling has been validated (more or less) in a report released by The Lincoln Institute of Land Policy. The 50-State Property Tax Comparison Study, produced in partnership with the Minnesota Center for Fiscal Excellence, tracks the effective tax rate, the tax payment as a percentage of market value, for residential, commercial, industrial, and apartment properties in more...