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Abdul El-Sayed on Tax Reform

 

 


Limit tax foreclosures for over-assessed Detroit properties

Over-inflated property taxes and inflexible state laws have created a cycle of foreclosures and blight in the heart of Detroit. Detroit property tax rates are among the highest in the country, in part because of collapsing property values after the housing bubble burst. And for many years, Detroit didn't reassess properties to their current, depressed value, which would have decimated county revenues.

"Some people in Detroit are paying more than the value of their home every year in taxes," El-Sayed said. "If that happened in the suburbs, people would be up in arms." El-Sayed's plan builds in a review of every tax foreclosure for over-assessment. Any finding of over-assessment at any point would lead to automatic enrollment in a discounted state repayment plan. Money from the state's Hardest Hit Fund could assist county governments with the review. El-Sayed would also streamline the process for a poverty exemption, which would no longer have to be handled in person.

Source: The Nation (newsmagazine) on 2018 Michigan governor race , Jan 29, 2018

Other candidates on Tax Reform: Abdul El-Sayed on other issues:
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