oh, shit's falling apart fast; property values have not recovered from '07, and they're so shaky right now it's pitiful. add completely unknown real property value; i.e., not the bloated "it's gonna go up 10% a year forever" value, and pitifully low interest rates, and you have a stagnant housing market.
now they're trying to take away Prop. 13, which was passed to limit the amount of property taxes they can assess.
Same as my quote above. , The taxes are a big reason why businesses are leaving Michigan.
"Businesses are not avoiding Michigan because of its location. They are not leaving Michigan due to the lack of a qualified, educated workforce. And they are not locating elsewhere because Michigan lacks resources and infrastructure. The No. 1 reason businesses are locating elsewhere is that Michigan has one of the most burdensome and costly tax structures in the nation. It's undeniable that Michigan's business tax structure and its loss of jobs are directly related."
I agree that Michigan has a rather unusual way of going about their tax laws (well, some of them such as their application of sales tax to business credits) but the fact is that most states that give away these types of credits are simply wasting them as what is given by by the businesses is usually laughably close to zero. http://investinginkids.net/2012/12/0...created-equal/