How simple is the property tax calculation?

Oct 01, 2023 Last reply: 2 years ago 22 Replies

Not really. If you buy a house, the taxable value on it is similar to what it would be if that law didn't exist. If you stay in your house, your taxes remain pretty low.

The purpose of the law (enacted by a vote of the people in 1994) was to equalize school funding in rich and poor districts alike. It was also pitched a way to reduce property taxes, which were much higher in Michigan than in other states.

The state put out a report on the success of the measure in 2002. It was more successful at controlling property taxes than at equalizing school revenue. The rich districts found ways to raise more money than the poor districts, as you might expect.

Math is racist. Diplomas are racist. Vote down all school mileages.

The purpose of the law is good, what you say and that it keeps people who live in the same house while the taxes go up from being driven from their house by taes.

But it has the effect of benefiting those who live in the same house for a long time at the expense of those who move for whatever reason. Why should immobile people benefit while others pay (Speaking as someone who's live 40 years in this house nd 11 years in the previous apartment.)

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