Legislature breaks for year without passing Detroit mayor’s tax plan  ⋆ Michigan Advance
michiganadvance.com
The Michigan Legislature broke Thursday for the rest of the calendar year without passing Detroit Mayor Mike Duggan’s Land Value Tax plan (LVT).  The LVT is “a way for Detroit voters to decide whether to cut homeowners’ taxes by an average of 17% and pay for it by increasing taxes on abandoned buildings, parking lots, […]

cross-posted from: https://lemmy.world/post/8213471

Under the proposed plan, 97% of Detroit homeowners would get a permanent property tax cut starting in 2025, if the state and local officials approve the legislation. The plan would then go to Detroit voters for approval.

Taxes on vacant land, however, would more than double from 85 mills to 189 mills to punish property owners who have allowed it to fall into disrepair, creating eyesores in Detroit neighborhoods.

  • TWeaKEnglish
    1•1 year ago

    It’s November, there isn’t much left of the year, and they say they’ll get back on it in January. It also won’t take effect until 2025, anyway.