Ryan Stanton | [email protected]
Rising property values in Ann Arbor
Property values in the City of Ann Arbor have nearly recovered to pre-recession levels, and the area now has the highest total assessed value in the state.
Crain's Detroit and Bridge Magazine collaborated on a database that shows the total assessed value of municipalities across the state. Assessed value is roughly half the market value.
Ann Arbor tops the list for 2016, beating out Detroit, which is significantly larger than Ann Arbor in terms of population and square mileage.
Ryan Stanton | The Ann Arbor News
Recovering from the Great Recession
Ann Arbor - which had a 2016 total assessed value of $6.39 billion - has nearly recovered from the 2008 Great Recession at this point while Detroit’s property values remain 60.5 percent lower than eight years ago. Detroit’s total assessed value was $5.43 billion in 2016, and Troy follows close behind with a total value of $5.24 billion.
Lodi Township has returned to its 2008 property values and Ann Arbor is only 0.7 percent behind its total value before the recession hit, but other Washtenaw County municipalities still haven’t rebounded.
Ypsilanti Township’s property values are about one-third lower than in 2008, and the City of Ypsilanti and City of Milan’s total assessed values are about 29 percent lower than eight years ago.
Scroll down to see more information on the property values for municipalities in Washtenaw County, listed in order from highest to lowest total assessed value. Data for Dexter, Village of Barton Hills and the Village of Manchester was not available in the Bridge Magazine database.
Lauren Slagter | [email protected]
City of Ann Arbor
Total assessed property value in 2016: $6.39 billion
Change in total assessed value from 2008 to 2016: -0.7 percent
Lauren Slagter | [email protected]
Pittsfield Township
Total assessed property value in 2016: $1.99 billion
Change in total assessed value from 2008 to 2016: -3.6 percent
Lauren Slagter | [email protected]
Scio Township
Total assessed property value in 2016: $1.36 billion
Change in total assessed value from 2008 to 2016: -20.1 percent
Lauren Slagter | [email protected]
Ypsilanti Township
Total assessed property value in 2016: $1.25 billion
Change in total assessed value from 2008 to 2016: -32.5 percent
Lauren Slagter | [email protected]
Superior Township
Total assessed property value in 2016: $655.7 million
Change in total assessed value from 2008 to 2016: -14.6 percent
Lauren Slagter | [email protected]
Ann Arbor Township
Total assessed property value in 2016: $552.21 million
Change in total assessed value from 2008 to 2016: -8.4 percent
Lauren Slagter | [email protected]
Lodi Township
Total assessed property value in 2016: $464.1 million
Change in total assessed value from 2008 to 2016: no change
Lauren Slagter | [email protected]
Webster Township
Total assessed property value in 2016: $459.3 million
Change in total assessed value from 2008 to 2016: -11.5 percent
Lauren Slagter | [email protected]
City of Saline
Total assessed property value in 2016: $427.9 million
Change in total assessed value from 2008 to 2016: -10.9
Lauren Slagter | [email protected]
York Township
Total assessed property value in 2016: $418.2 million
Change in total assessed value from 2008 to 2016: -12.5 percent
Lauren Slagter | [email protected]
Dexter Township
Total assessed property value in 2016: $417.36 million
Change in total assessed value from 2008 to 2016: -11 percent
Lauren Slagter | [email protected]
Northfield Township
Total assessed property value in 2016: $416.9 million
Change in total assessed value from 2008 to 2016: -14.5 percent
Lauren Slagter | [email protected]
Salem Township
Total assessed property value in 2016: $416.6 million
Change in total assessed value from 2008 to 2016: -11 percent
Lauren Slagter | [email protected]
City of Ypsilanti
Total assessed property value in 2016: $343.4 million
Change in total assessed value from 2008 to 2016: -29.5 percent
Lauren Slagter | [email protected]
City of Chelsea
Total assessed property value in 2016: $265.2 million
Change in total assessed value from 2008 to 2016: -11.9 percent
Lauren Slagter | [email protected]
Lima Township
Total assessed property value in 2016: $239.3 million
Change in total assessed value from 2008 to 2016: -6.5 percent
Lauren Slagter | [email protected]
Augusta Township
Total assessed property value in 2016: $238.4 million
Change in total assessed value from 2008 to 2016: -28.5 percent
Lauren Slagter | [email protected]
Sylvan Township
Total assessed property value in 2016: $212.3 million
Change in total assessed value from 2008 to 2016: -16.7 percent
Lauren Slagter | [email protected]
Manchester Township
Total assessed property value in 2016: $204.6 million
Change in total assessed value from 2008 to 2016: -20.8 percent
Lauren Slagter | [email protected]
City of Milan
Total assessed property value in 2016: $169 million
Change in total assessed value from 2008 to 2016: -29.7 percent
Lauren Slagter | [email protected]
Lyndon Township
Total assessed property value in 2016: $155.1 million
Change in total assessed value from 2008 to 2016: -13.3 percent
Lauren Slagter | [email protected]
Sharon Township
Total assessed property value in 2016: $120.8 million
Change in total assessed value from 2008 to 2016: -16.8 percent
Lauren Slagter | [email protected]
Saline Township
Total assessed property value in 2016: $118.2 million
Change in total assessed value from 2008 to 2016: -17.5
Lauren Slagter | [email protected]
Freedom Township
Total assessed property value in 2016: $114.9 million
Change in total assessed value from 2008 to 2016: -15.9 percent
Lauren Slagter | [email protected]
Bridgewater Township
Total assessed property value in 2016: $109.8 million
Change in total assessed value from 2008 to 2016: -17.9 percent
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