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Committee delays action on assessor audit and IAAO sales-ratio review to June after public concerns about overassessment
Summary
Committee members agreed to reconvene with the Office of the Assessor and the IAAO on June 4 to resolve conflicts and questions after public commenters and audit staff flagged discrepancies in the city's sales data and a separate forensic audit of assessments.
The Budget, Finance and Audit Standing Committee moved on May 14 to continue three related items — the City of Detroit sales verification analysis (2024 sales-ratio study), the Office of the Auditor General’s forensic audit of citywide residential property tax assessments (third interim report), and a memorandum regarding the IAAO officers study — to a June 4 meeting so all parties can attend and respond.
Why it matters: public commenters and committee members raised questions about the validity of data used to measure…
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