|
|
Article: Double-digit rises in home values are done in Oakland.
- Article from:
- Detroit Free Press (Detroit, MI)
- Article date:
- January 23, 2006
CopyrightCOPYRIGHT 2006 Detroit Free Press. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Gina Damron and Kathleen Gray
Jan. 23--The glory days of double-digit increases in home values in Oakland County are long gone.This year, residential property owners in the county can expect assessments to rise an average of 3% to 3.5%, according to figures from the county's Equalization Department. David Hieber, manager of the department, said Friday the county hasn't seen significant increases in residential property values since the 1990s. Last year, values countywide rose an average of 4.5%. "We used to see double-digit increases every year," he said. "It's still an increase this year, but just not as large."This year's assessments, which ...