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Economists back research that found one-third of Detroitâs residential properties are being assessed at more than 50% of the homeâs value.
Correction: This story has been updated from a previous version to say the study was authored by Christopher Berry. The economists’ analysis of Berry’s study has also been clarified.
Housing analysts say Detroit is still overtaxing its lowest-valued homes and the assessment disparity has widened in recent years; since re-appraising all of its homes in 2017, Detroit’s lowest-valued homes are still being assessed at four times the rate as highest-valued homes.
Researchers with the Center for Municipal Finance at the University of Chicago Harris School of Public Policy say one-third of Detroit’s residential properties are being assessed at more than 50% of the home’s value, which is above Michigan’s legal threshold. The Duggan administration has challenged that
Economists back study that found Detroit still inflating property taxes
Detroit A coalition fighting for fairness in property tax assessments joined with economists, legal and finance scholars Thursday to call for state and city leaders to investigate the ongoing inaccuracy and inequity in property tax assessments in Detroit.
The Coalition for Property Tax Justice contends multiple studies have found the lowest-valued homes in Detroit continue to be overassessed even after a citywide reappraisal in 2017 that cost $8.4 million and it s putting thousands of Detroiters at risk of unjust foreclosure.
Tom Perriello, executive director of the Open Society Foundations, a human rights advocacy group, said it s beyond disputable fact that inflated property taxes is a national problem that is specifically well-documented in Detroit.
Mon, 03/01/2021 - 5:00pm
Karin Look. (Photo courtesy Camden Conference)
Karin Look, whose distinguished career in U.S. national security includes service in the Central Intelligence Agency, U.S. Department of State, and the Arms Control and Disarmament Agency, this month becomes president of the Camden Conference, a 34-year-old institution whose mission is to foster informed discourse on world issues.
“The Camden Conference has deep roots in Mid-Coast Maine and I am dedicated to nurturing those roots, said Look, in a news release. Like so many in this community, I also am looking forward to when we can get back together to create new – and enjoy old – friendships.”
Mr. Burns said China is investing heavily in AI and machine learning technology to bolster its intelligence and counterintelligence capabilities. Artificial intelligence involves gathering large amounts of data and then exploiting the data with advanced computers and software.
The CIA “must meet this challenge by transforming how it collects, analyzes, and disseminates intelligence,” he said in his written answers. “I understand that CIA has devised an [artificial intelligence/machine learning] strategy to achieve this goal, is working closely with the leading AI/ML firms in the country, and will drive the adoption of AI/ML technologies across the [intelligence community].”