Michigan property values subject of new report

A new report from "The Bridge" magazine details falling property values in communities across the state from 2007-2011.

The report, titled "The Big Flush" details how $180 billion has been removed from the property tax base over the last four years due a continuing state and national recession.  The study performed was based on Department of Treasury data.

Oakland County was the hardest hit, losing 32% of its property value during the time period.  However, not all counties saw declines, as several counties in the Upper Peninsula actually saw increases in property values.

Arnold Weinfeld is Director of Strategic Initiatives and Federal Affairs for the Michigan Municipal League. He can be reached at 517-908-0304 or by e-mail.