OUR MICHIGAN NOTED SOMETHING THAT I HAD KINDA WONDERED ABOUT:

Most Michigan homeowners have been getting a surprise increase in the taxable value of their home on the latest assessment.

I was curious because the assessed value of our home went up 0.68% (seems reasonable given the market) but the taxable value went up 3.69%.

In 2005, our assessed value went up 3.93% and our taxable value went up 3.29% These numbers are quite close, and I guess that's how I'd normally expect things to be. Why taxable value went up 5.4 times as much as assessed value, I have no idea.