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December 25, 2007

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. 

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Posted at 06:36 PM |

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