Quote:
Christopher Krellwitz, assessor for Elmwood and Empire townships, said he’s lowered more assessments this year than any time since he began assessing in 1985, but still raised more than he reduced.
Krellwitz said values are dropping in high-end subdivisions, while lower-priced homes are holding their own, the opposite of what Chavez noted in Traverse City.
Traverse City Record Eagle – 3/2/2008
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