What Is the "SEV", Proposal A, & Why Do My Property Taxes Increase With Dropping Home Prices?
As the latest round of tax bills came out a few weeks ago I've received more communication from upset people about their taxes. I'm sure to a large extent Proposal A and declining home values are the reason for it. This article provides what I feel is a reasonably clear explanation of what to expect and why the tax situation in Michigan occurs the way it does.
Tags: Attorney, Christopher Sevick, Estate Plan, Real Estate, Trust, Will, Ypsilanti, www.SevickLaw.com, Ann Arbor, www.MIEstatePlanBlog.com, www.MIRealEstateBlog.com, Washtenaw, Michigan
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of the tax advantages of home ownership. I personally and professionally believe that home ownership is still a strong investment and with our strong rates for mortgages we should still see home sales for long term investments. 
As the market has resulted in additional homes on the market and slower sales I've seen a significant number of homeowners turning to rental to pay their mortgage and ensure that someone is paying their utilities and keeping the vacant home from being stripped for copper. 
Walgreens Pharmacy is building a new store in the City of Ypsilanti, on the corner of Prospect & Michigan Avenue. The property was formerly owned by a local non-profit, SOS, and a private owner of a rental store. The store is a welcome addition to the tax rolls of the City, since SOS as a non-profit paid no taxes, and as an addition of approximately 25 jobs when completed in Summer 2008.
Good news for some jobs and bank clients. The Federal Trade Commission
