Photo: Andrew Mullin ~ 760 WJR
DETROIT, Jan. 24, 2024 ~ Within the past year, Detroit residential property value increased on average about 23 percent, marking seven straight years of growth for the city.
While property value has experienced a drastic incline, property taxes have only slightly increased. As a result, there has been a remarkable surge of value within the Detroit neighborhoods. The increase in value has impacted Detroit residents positively, including a combined $1.7 billion of added wealth throughout the city’s homeowners this past year.
With the property value surge and added attraction to the city from the victorious Detroit Lions, it’s a great year to be a “Detroiter.”
Mayor Mike Duggan further discusses the growing property value in Detroit, along with the impact from the Detroit Lions and the upcoming NFL Draft being hosted in Detroit on 760 WJR.
PODCASTS:
Jan. 23, 2024 ~ The city of Detroit has marked seven years of growth in residential property values. Mayor Mike Duggan joins 760 WJR‘s Guy Gordon, Lloyd Jackson, and Jamie Edmonds to talk about the great news for the neighborhoods of Detroit, the success of the Detroit Lions helping the city, and the status of his land value tax proposal in the state legislature.
Jan. 23, 2024 ~ Detroit Mayor Mike Duggan talks with Paul W. Smith about how residential neighborhoods across Detroit saw an average property value increase of 23 percent in the last year, marking another year of rising values.
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