We know you’re probably sulking just a bit over the fact that you just might have to pay a little extra in property taxes in Grand Rapids, Michigan, and we feel your pain. But take note — there’s a silver lining at the end of this tunnel! Rain clouds, be gone, because we’re seeing some sunshine today in our city of Grand Rapids, Michigan. You just have to look at the situation in a different light.
Think Home Selling When It Comes to Property Tax Value
Because the property value all across the city’s starting to increase, which is a truly welcome development given the fact that the past several years saw a major decline (bad for the real estate market as a whole), yes, we’ll see just about every Grand Rapids homeowner pay an extra $9.17 in city property taxes. Nothing to scream at, and we can deal with it, but the bonus is this — the market will be ripe for a home seller’s advantage, meaning big bucks all because the assessed value says so.
So the property tax rate might go down just a tad, but overall because the property tax value is going up, we can expect for our homes to be of more value, our land will be more of a hot commodity than ever before. We can sell our homes for a bit more. The comparables will testify to that. Neighborhoods will flourish. Home improvements will make their way to additionally increase the value.
It Was a Long Time Coming
Grand Rapids, Michigan, saw the slump in a big way with respect to the real estate market. But it’s now time for a change. It’s time for growth. Success. An increase in home sales and happy faces. And it’s definitely worth it to pay close to just a measly ten bucks to make that happen.