Understanding Proposal A in an Increasing Market
Authored by Dean Babb, MMAO(4) Chesterfield Township, Macomb County. Adapted with permission for wide distribution. How It Works Prior to Proposal A, property taxes were based upon state equalized value (SEV). With the implementation of Proposal A, property taxes are now based upon taxable value. Each year, the Assessing Department must calculate the SEV for … Continued