LPI’s Graebert to share results from the recent Ingham County Property Tax Auction Study
posted on November 18, 2015 1:28pmMary Beth Graebert, associate director of the Land Policy Institute.
The Mid-Michigan Environmental Action Council (Mid-MEAC) is hosting their next monthly Land Use Lunch Series event at noon on Friday, Dec. 4, 2015, at the Michigan Municipal League office in Lansing. Mary Beth Graebert, associate director of the Land Policy Institute, will be the featured speaker. She will share results from the recently released study on Economic Impact Analysis of the Ingham County Property Tax Auction by the Ingham County Treasurer Eric Schertzing and LPI. The Treasurer’s office has utilized Property Tax Foreclosure Auction and Land Bank Fast Track Authority programs since 2006 to address foreclosure, abandonment and blight in Ingham County neighborhoods. The study examines the economic impacts of tax auction sales, rates of return to foreclosure, and the relationship between tax auction property sales, renovations and property prices in Ingham County neighborhoods between 2008 and 2014. Study results show that tax auction activities can play a positive role in neighborhood revitalization, which has been especially important during the economic recession and housing market decline, but strategic use of property disposition tools is key to success.