Detroit property values rose by an average of 12 percent
DETROIT (FOX 2) - Compare property value maps of Detroit from 2013-14 and 2018-19 and there's a stark contrast in the color.
The first one is blanketed in red, the second in green. That means property values have risen in Detroit, which is no small feat. That good news is compounded by the numbers behind those shifting shades from red to green. Ninety percent of the city's property stock rose, by 12 percent no less.
Worried if that means you'll be paying more property taxes? Fear not! If you haven't made any updates to your house or have sold your property, the value won't rise beyond the 1 percent annual increase.