100k Detroit homeowners illegally taxed $600M still waiting to be compensated

Re:100k Detroit homeowners illegally taxed $600M still waiti... by einpoklum on Sunday April 17, 2022 @10:06AM (#31060905)

I'm guessing that it's a technicality. i.e. instead of saying "the property tax rate for a house with value X is Y*X", they say "the property tax rate for a house with value X is 2Y, but house value assessment for market-value X is X/2". Possibly because the 2Y legislation was difficult to change.

> At the end the tax you pay is still the same.

So, no. That is, IIUC, the tax rates are what they are based on the 50% assessment.

[ Parent | on HN ]

Re:100k Detroit homeowners illegally taxed $600M still waiti... by gruez on Sunday April 17, 2022 @10:12AM (#31060953)

>> At the end the tax you pay is still the same.

>So, no. That is, IIUC, the tax rates are what they are based on the 50% assessment.

I don't get it. You admit that the tax rates would be higher (presumably 2x higher) to compensate for the 50% assessment, but claim that the tax won't be the same at the end?

[ Parent | on HN ]