Has your town recovered from the Great Recession? See the property value map.

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Mike Wilkinson

Mike Wilkinson is Bridge’s computer-assisted reporting specialist. He can be reached here.

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Mon, 03/20/2017 - 8:48am

I'm sure this sob story will lead to calls for higher taxes. Only the government can legally rob the residents through a higher property tax or assessment. If you want a better way, eliminate the property tax and replace it with a comforts tax to be levied on all residents of a community without regard to property values. Want a bigger library, fine, but all residents pay an equal amount for it. Want more school funding, fine, but the same applies, as does fire protection and that major league ballpark. Of course the residents retain the right, through the vote, to determine how deep the hand of government goes into everyone's pocket.

Mon, 03/20/2017 - 4:29pm

The wealthy & their sycophants constant whining about paying progressive taxes sure gets tiring. Rich people are not victims despite their attempts to portray themselves as such. You have more money, you get more services & you pay more taxes. Anyone who doesn't think that government doesn't service the wealthy better than anyone else ain't paying attention.

Mon, 03/20/2017 - 10:02am

Thanks for the nice map and information. I know my community is still struggling back from the G.O.P. caused decimation of 2008, and I only hope that moving forward, we can avoid another devastating republican damage episode to the economy.

Mon, 03/20/2017 - 12:00pm

Actually, if you read any books on the 2008 collapse, you will find that it was Bill Clinton who set the foundation for the collapse in place, from banking deregulation to an insistence that people should own homes even if not qualified.

Mon, 03/20/2017 - 4:23pm

The 2008 collapse was mostly republican policy driven including Bush's two terms in office & tax cuts for the wealthy, that being said the Clinton administration and the DLC in conjunction with the republican congress did help the process in their attempt to be republican lite. That certainly helped put the spin on the ball thrown by St. Ronald's crony capitalism administration. As to people buying homes they couldn't possibly afford the credit goes directly to the lending institutions and Wall Street for turning mortgages into financial instruments foisted on unwary investors by the very billionaires now making up Trumps cabinet. Hope you didn't sob to much when your investments tanked eh Rich.

Tue, 03/21/2017 - 9:00am

Tanked? There is no better investment than a distressed property in the right location bought for pennies on the dollar.

Ivy Bennett
Mon, 03/20/2017 - 12:04pm

Oh brother....

Mon, 03/20/2017 - 1:07pm


Sun, 03/26/2017 - 3:46pm

I call bull here

Mon, 03/20/2017 - 4:37pm

The map colors distort the story somewhat. The one example I would site is Ann Arbor, it is true that commercial & industrial are still down but despite that the residential value is green and up 4.5%. In addition the downtown commercial is thriving and both apartments & residential building is ongoing. Perhaps a more nuanced view would be more informative.

Justin Peck
Mon, 03/20/2017 - 6:04pm

Being a Real estate agent and constantly tracking home value data, this map is very misleading. I am guessing it is tracking property SEV or Taxable Value amounts....which are extremely off, based on properties that actually sell. We have sold properties for $80,000 with an SEV of $90,000 (effectively showing the state values property at $180,000). Then we have sold properties for $300,000 with that same SEV of $90,000 (effectively showing the state values property at $180,000). If you talk to a Real estate agent, I bet most of Michigan is ahead pre crash values of 2008.

Mark Hewitt
Mon, 03/20/2017 - 7:13pm

I TOTALLY agree Justin. We work in Barry County and we KNOW our market has surpassed 2008 levels. Unfortunately anyone can write anything and people will believe it. It's difficult to understand how they could have come up with this data but it appears it's SEV data, but honestly I can't tell. I just know if 100 people in Barry County read this article 98 would think their values are shy of 2008. Hopefully they are smart enough to call the other 2 when it comes to selling their home for about 12% MORE than 2008. YOU or I!!!!! Lol.

Justin Peck
Tue, 03/21/2017 - 1:57pm

Yeah buddy! Did some number pulling. Residential (including Single Family / Condo / Farm) Data as of 3.21.2017 from FLEXMLS (Multiple Listing System). Kent County average sale price in 2006= $165,159 / 2007= $155,531 / 2008= $130,187 / 2009= $110,025 . Then in 2016: $193,030. Much above pre-2008 figures. I didn't take the time because we know, but from 2009 to 2016 there was a steady increase each year. Barry County average sale price in 2006= $159,228 / 2007= $158,413 / 2008= $130,037 / 2009= $105,139. Then in 2016= $164,945. Again above pre-2008 figures. So property value increases are NOT elusive. They are real and already happening!

Charles Buck
Sat, 03/25/2017 - 11:53am

Your FLEXMLS analysis is skewed upward in recent years due to the fact many lower income home buyers are newly excluded from the homeowner market by post-housing bubble/bank crisis reforms tightening up lax bank lending standards. There is less demand currently for lower priced homes than in 2006 and 2007 when no one was required to submit proof of their stated income level to get an ARM or balloon payment mortgage. If past sale prices were corrected for this structural difference, it would raise pre-2008 average sale price and put into proper perspective the price rebound observed today.

Dick G
Tue, 03/21/2017 - 12:43pm

Only farm land has gone up in Huron County. There has been some recovery of lake front property but not much elsewhere.

Tue, 04/04/2017 - 10:23am

Please google and read,
Michigan's Property Tax System: You Saved Big $$ (on pdf).
This explains why SEV and Taxable Values haven't increased as much as we hoped. Most communities dropped 50% or more in value after 2008, with a limit of 5% increase per year (per proposal A), it will take 10-15 years for properties to reach their previous values.

Mon, 04/17/2017 - 10:05pm

The map would be easier to use if the county borders were better defined.