Property values mostly continue decrease

David VanDyke said he was surprised when he received the 2012 property assessment for his Grand Haven Township home. "I don't know why it's going up this year,' he said. "House prices are still dropping. They're dropping around here and they're dropping across the country.'
Mark Brooky
Mar 17, 2012

The taxable value is up about 1 percent for his home at 17866 Dewberry Place, in a small subdivision less than a quarter-mile from Lake Michigan. Last year, it went down, he said.

Grand Haven Township Assessor Denise Chalifoux said residential properties in the township went up less than 1 percent overall this year. But some neighborhoods, particularly those near or on Lake Michigan, went up as much as 4 or 5 percent.

This is after a couple of years of overall assessment decreases because of the housing crisis. Chalifoux said assessors have seen home sales on the increase in recent months, and the new assessments are reflecting that trend.

“To me, it’s good news, because your home is likely your biggest investment,” she said.

Calling the housing market interesting, if not still volatile, Chalifoux believes the expansion of the Harbor Transit bus routes into the township may have resulted in increased home purchases there.

Commercial and industrial property values are still declining. Chalifoux said the market for them remains “soft,” and their assessments are down an average of 9 percent in the township this year.

Residential assessments elsewhere in Northwest Ottawa County are mainly flat or are continuing to drop.

Michael Galligan, the county’s equalization director and acting assessor for the city of Grand Haven, said assessments in the city, Ferrysburg and Spring Lake Township are still trending downward.

To read more of this story, see today’s print or e-edition of the Grand Haven Tribune.

 

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