Community Corner

Clawson Among Highest in State in Property Value Loss Since 2007

Clawson lost 36.2% of its state equalized value since 2007, according to a special report in Bridge magazine.

Clawson lost 36.2 percent of its taxable property value in the past four years, as Oakland County led all counties in Michigan, losing nearly a third of its tax base since 2007, according to a special report in Bridge magazine.

Since 2007, Oakland County has lost $25 billion in state equalized value,  according to a Bridge analysis of state Treasury Department data.

In Oakland County, the total real market value of taxable properties dropped 33.4 percent during the past four years, according to a compilation of assessment figures published Tuesday.

Find out what's happening in Clawsonwith free, real-time updates from Patch.

Among the lowest rates of decline is a drop of less than 26 percent in Royal Oak. Among the highest is in Clawson, where overall property values fell by more than 36 percent since 2007.

"Michigan overall lost 20 percent of its property value. . . . Countless Michigan communities fared far worse," says the report in Bridge, an online publication launched last month by the Center for Michigan, a 5-year-old Ann Arbor think tank. It provides a searchable list of 1,599 Michigan cities and townships. "The news differs based on where you live," says the brief report.

Find out what's happening in Clawsonwith free, real-time updates from Patch.

Figures cover residential, commercial and industrial properties.

The table below shows results for 13 Southeast Oakland communities in the Patch Network. Nine have a rate of decline below the county's rate, while Clawson, Birmingham, Ferndale and West Bloomfield are above that level – though by only 0.3 percentage points in the latter two communities.

Impact in Southeast Oakland

Community

2007 Total Property Value

2011 Total Property Value

Percentage Decline

Oakland County

$146.4 billion

$97.5 billion

33.4%

Berkley

$1.4 billion

$931.9 million

31.6%

Birmingham

$5.7 billion

$3.7 billion

35.8%

Bloomfield Hills

$2.1 billion

$1.5 billion

30.7%

Bloomfield Township

$9.2 billion

$6.3 billion

31.6%

Clawson

$1.0 billion

$637.7 million

36.2%

Ferndale

$1.7 billion

$1.1 billion

33.7%

Huntington Woods

$882.4 million

$613.3 million

30.5%

Oakland Township

$2.9 billion

$2.0 billion

29.8%

Rochester

$1.8 billion

$1.2 billion

30.1%

Rochester Hills

$7.9 billion

$5.7 billion

28.4%

Royal Oak

$6.0 billion

$4.4 billion

25.9%

Troy

$11.9 billion

$8.3 billion

30.2%

West Bloomfield

$9.5 billion

$6.3 billion

33.7%

Source: Bridge magazine


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here