Taxable property values expected to decline

Daily Tribune

Local communities have been warned to expect taxable property values to decline in the coming year.

The Oakland County Equalization Division, the county's tax assessing arm, sent letters to the communities on Sept. 3.

"It's so they can begin to budget appropriately," said county Executive L. Brooks Patterson.

The county Equalization Division does the property tax assessing for 47 of the county's 61 communities.