Detroit's land value tax plan: what we know
Mayor Duggan of the City of Detroit has a new property tax plan that would tax a resident’s land separately from their home. The goal of this legislation is for Detroit residents to see a decrease in their property taxes. It is estimated that 97% of Detroit residents will see a decrease in their property tax. Mayor Duggan testified in support of his bills in the House Tax Policy committee on Wednesday, September 13.
Our legislative team is evaluating how they will impact housing and development. We will continue to bring you updates as our questions get answered. If you would like to read HB 4966-4970 or the legislative analysis, visit www.legislature.mi.gov. If you have questions related to land value tax, contact Dawn Crandall at firstname.lastname@example.org.