Overtaxed Detroit Homeowners Wait for Reparations
Over-assessed Detroit homeowners are waiting for compensation from the city. Between 2010 and 2016, the city of Detroit overtaxed homeowners by at least $600 million. Detroit City Council President and the Coalition for Property Tax Justice have set forth a tentative plan for compensation and restoration of residents’ dignity. The illegal overassessments led to 100,000 Detroiters losing their homes when they should not have. The state constitution states that property can not be assessed at more than 50% of its market value, and yet the city assessed 55%-85% of its property in violation of that law. There are four categories of residents that are eligible for compensation if they owned and occupied a home that was overtaxed between 2009 and 2020. Depending on the category residents fall under, a variety of compensation options are available to fit their individual needs.