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    Southwest Detroit’s Cinco de Mayo Parade Prevails Over “Rain and Rumors” to the Enjoyment of Thousands

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    Southwest Detroit’s Cinco de Mayo Parade Prevails Over “Rain and Rumors” to the Enjoyment of Thousands

    Southwest Detroit’s Cinco de Mayo Parade Prevails Over “Rain and Rumors” to the Enjoyment of Thousands

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EL CENTRAL Hispanic News
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  • About
    • Introducing the partnership with the Race and Justice reporting Initiative
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    Southwest Detroit’s Cinco de Mayo Parade Prevails Over “Rain and Rumors” to the Enjoyment of Thousands

    Southwest Detroit’s Cinco de Mayo Parade Prevails Over “Rain and Rumors” to the Enjoyment of Thousands

    Juana Saavedra, business development manager at Alliance Catholic Credit Union, at left, met with former ACCU employee Brenda Villarruel to share their journeys as businesswomen and discuss their future goals

    Businesswomen and Entrepreneurs Share More than Contacts at Networking Event

    Porfirismo and Mexican monumental architecture

    Porfirismo and Mexican monumental architecture

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    Caesar Chavez Academy’s Robotics Team Represents Southwest Detroit at World Robotics Championship

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    Basilica of the National Sanctuary Of Our Lady Of Charity of Cobre

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    Basilica of Saint Mary Major, Vatican City

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    James Craig, un ex jefe de policía de Detroit, anuncia su campaña para alcalde a los reporteros de Executive Cuts & More. Foto: Annalise Frank/Axios

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    Southwest Detroit’s Cinco de Mayo Parade Prevails Over “Rain and Rumors” to the Enjoyment of Thousands

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  • Featured
    Southwest Detroit’s Cinco de Mayo Parade Prevails Over “Rain and Rumors” to the Enjoyment of Thousands

    Southwest Detroit’s Cinco de Mayo Parade Prevails Over “Rain and Rumors” to the Enjoyment of Thousands

    Caesar Chavez Academy’s Robotics Team Represents Southwest Detroit at World Robotics Championship

    Caesar Chavez Academy’s Robotics Team Represents Southwest Detroit at World Robotics Championship

    El Arzobispo Edward J. Weisenburger dirige las oraciones durante una Misa en memoria del papa Francisco el 21 de abril en la Cathedral of the Most Blessed Sacrament en Detroit. El papa Francisco, quien ha liderado la Iglesia católica desde 2013, murió la madrugada del lunes, el día después del Domingo de Pascua. (Foto de Valaurian Waller | Detroit Catholic)

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    Filmmakers Return Home to Challenge Hollywood’s Lens

    La Basilica of Ste. Anne, un emblemático templo de 139 añosserá completamente restaurada gracias a una alianza transformadora con The Catholic Initiative. The 139-year-old Basilica of Ste. Anne will undergo a $30 million “complete rehabilitation” thanks to a “transforma- tive partnership” with The Catholic Initiative. (Foto de / Photo by James Silvestri | Special to Detroit Catholic)

    ‘Innovative partnership’ will secure future of Ste. Anne, preserve basilica for generations

    Archbishop-designate Edward J. Weinsenburger stands before St. Augustine Cathedral in Tucson, Arizona.

    Detroit’s new archbishop a caring leader who listens, coworkers and friends say

    Daniel Mata, 18, left, waves a Mexican flag Tuesday, March 4 during a protest at Clark Park. Mata is a junior at Covenant High School Southwest. Photo by Dustin Blitchok/Planet Detroit

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  • Opinion
  • Culture & Arts
    • All
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    Southwest Detroit’s Cinco de Mayo Parade Prevails Over “Rain and Rumors” to the Enjoyment of Thousands

    Southwest Detroit’s Cinco de Mayo Parade Prevails Over “Rain and Rumors” to the Enjoyment of Thousands

    Porfirismo and Mexican monumental architecture

    Porfirismo and Mexican monumental architecture

    At the end of the performance, the actors proudly display their certificates for completing the third season of La Carpa Theater

    Brilla! Excels as it Illuminates and Entertains

    Basilica of the National Sanctuary Of Our Lady Of Charity of Cobre

    Basilica of the National Sanctuary Of Our Lady Of Charity of Cobre

    Basilica of Saint Mary Major, Vatican City

    Basilica of Saint Mary Major, Vatican City

    Members of Ballet Folklórico of Wayne State University rehearse calabaceados, a high-energy dance style originating from Baja California, at the Student Center in Detroit, Michigan, on April 16, 2025. The group is preparing for their “¡Viva el Norte!” presentation, which will feature traditional dances from northern Mexico

    Viva El Norte! WSU Ballet Folklorico Celebrates Northern Mexico

    ina Tse during the Commemorative Quilt Project at Neighborhood Art School in Detroit, Michigan, on April 19, 2025. Held ahead of Detroit Fashion Revolution Week, the event honors garment workers lost in the 2013 Rana Plaza collapse in Bangladesh

    Detroit’s Fashion Revolution Week Embraces Circularity, Community, and Cultural Roots

    Yaidimar Narvaez left, and Kathleen Dickinson

    Accomplished Young Southwest Detroit Artist Featured in Multiple Exhibitions

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Detroit Home Values Jump an Average of 23% in 2023

Detroit homeowners gained a record $1.7 billion in wealth in 2023 from appreciating property values

EL CENTRAL by EL CENTRAL
January 25, 2024
in Community, Local News
Reading Time: 5 mins read
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On Monday, January 22, Detroit Mayor Mike Duggan announced that Detroit homeowners gained a record $1.7 billion in wealth in 2023 from the appreciation of value of their houses. Every residential neighborhood in the city of Detroit saw an increase.

Based on home sales data from the past two years, homeowners saw an average increase of 23% over 2022. That rise in value will be reflected in an annual notice of proposed property assessment changes for 2024, which will begin arriving in mailboxes this week. The actual property tax increase is capped by 5% by the Michigan Constitution, unless the home was sold in the last year. When a home sells, the cap is lifted, and the taxable amount adjusts to the State Equalized Value the year following the transfer.

Historic Increase in Value

The rise in residential property value in the past year was so significant that the value of all residential property in Detroit grew by $1.7 billion compared to last year, the largest single- year increase on record. Earlier this month, it was reported nationally that Detroit had surpassed Miami as the city with the highest appreciation of home values, based on an annual study released by CoreLogic.

The average Detroit homeowner has seen their property values more
than triple since 2017. Detroit homeowners’ value grew from $2.8 billion to $8.7 billion in that time:

Total value of all Detroit residential property

2017 – $2.8 billion
2018 – $3.0 billion
2019 – $3.4 billion
2020 – $4.2 billon
2021 – $4.5 billion
2022 – $5.9 billon
2023 – $7.0 billon
2024 – $8.7 billon

“We have had some tough times in Detroit. I am really pleased that the homeowners who stayed have been rewarded,” said Mayor Duggan.

Market sales determine assessed value

To determine this year’s assessment, the city examined over 13,100 market sales across two years (April 1, 2021, through March 31, 2023) to compute the proposed 2024 Assessments. The Office of the Assessor also reviews aerial and street level imagery of properties to determine valuation. Below is a breakdown of this year’s assessed residential value changes across the city’s 209 neighborhoods:

  • 3 out of 209 neighborhoods (1%) had an increase in value over 50%
  • 48 out of 209 neighborhoods (23%) had an increase in value ranging from 30% to 49%
  • 140 out of 209 neighborhoods (67%) had an increase in value ranging from 15% to 29%
  • 7 out of 209 neighborhoods (3%) had an increase in value ranging from 10% to 15%
  • 9 out of 209 neighborhoods (4%) had an increase in value ranging from 5% to 9%
  • 2 out of 209 neighborhoods (1%) had an increase in value ranging from 0.01% to 1%

“The increased home value in every neighborhood is significant as it provides greater stability not only for neighborhoods but also for the City’s financial outlook,” said Chief Financial Officer, Jay Rising.

NEW: Property owners to receive revamped proposed assessment notices

Notices have been mailed to the City’s over 408,000 residential, commercial, industrial, and personal property owners, advising them of their proposed assessments for 2024. These are not tax bills. Actual bills will be mailed out
at the end of June (summer) and November (winter) by the City of Detroit’s Office of the Treasury.

New this year are revamped assessment notices that are in accordance with the Property Tax Reform ordinance passed by City Council last year. Notices are in larger print and have much more information about the assessment appeals process.

Deadline for assessment appeals extended

Under State law, property owners have the right to appeal the proposed changes. The proposed 2024 Assessments are tentative until the completion of the local review period in March and any possible changes from the Wayne County Assessment and Equalization Department in April.

Residents will have three weeks to appeal all assessments; the City of Detroit has permanently extended the Assessor Review from February 1st through February 22nd, Monday through Saturday.

The Assessors Review appeal process encourages all property owners to take advantage of their right to question how their property is valued during this time.

How to file an appeal

Anyone with questions regarding their assessment, may email the Assessor’s office
at AsktheAssessor@detroitmi.gov. Appeals can be submitted online, by letter, or in person. Property owners can also submit their appeal in person Monday-Thursday, 8:00a.m. to 4:30 p.m. at the Coleman A. Young Municipal Center, in the Detroit Taxpayer Service Center Suite 130. Anyone wishing to address the Office of the Assessor in person will have the opportunity to do so via teleconferencing or by appointment.

To file an appeal online, visit www.detroitmi.gov/PropertyTaxAppeal (available
February 1 through 22nd by 4:30 p.m.). To file an appeal by mail (must be postmarked to the Office of the Assessor by February 22, 2024) send to: City of Detroit, Office of the Assessor – ABOR, 2 Woodward Ave Suite 804, Detroit, MI 48226

The City of Detroit March Board of Review begins March 6th and ends March 23rd. Any property owner or their agent who wishes to present to the Detroit Board of Review will have that opportunity.

A completed petition to the March Board of Review must be filed by March 11, 2024, 4:30 p.m. to schedule a hearing. Teleconferencing is encouraged.

Commercial, Industrial, and Personal Property owners may, appeal to the March
Board of Review, or if they chose, proceed directly to the Michigan Tax Tribunal. The deadline to appeal directly to the Michigan Tax Tribunal is May 31st.

Help with property taxes for those in need

Through the Homeowners Property Tax Exemption (HOPE) program, homeowners can qualify for 10%, 25%, 50%, 75%, or a 100% reduction in property taxes, depending on household income. The deadline to apply is November 1, 2024. For more information on HOPE, go to www.detroitmi.gov/HOPE.

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