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Retiree urges tax changes to ease downsizing; council members point to state law and housing shortage
Summary
A retired Dearborn resident told council that property-tax rules discourage seniors from downsizing. City officials said limits on property-tax assessments are set by state law and that increasing housing supply is the main way to ease costs for buyers and sellers.
Eric Knight, a lifelong Dearborn resident and recent retiree, told the council Sept. 9 that selling a large family home and buying a smaller house would raise his property tax bill even if the purchase price were lower. Knight said his current taxes are about $4,000 and that selling a $500,000 house and buying a $300,000 house could…
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