Thursday, January 15, 2009

Metro Detroit Tax Bills Tumble

But assessment drops pinch municipal budgets

As home values across Metro Detroit continued their free-fall last year, a record number of homeowners this year may get what they have long wished for: a tax break.

But for municipalities and counties, the falling assessments mean less tax revenue and another year of figuring out what to cut from already lean budgets.........

The Detroit News

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