2007 State of Michigan Property Assessment

Aha!  I found a decent explanation, finally, about Prop A and how it functions in a declining real estate market.  As described here, we experienced a 6% drop in our 2007 property assessment.  Now I can't show where the appraiser got their information, but I can now show why some folks' assessment will jump, wilst others drop.

Read the rest of the article here at my other site...shhh!  My A/R blog might get jealous!