Daily Detroit News Byte

It's not news that the city of Detroit has one of highest tax rates in metro Detroit, Michigan and the country. What is news is a new land value tax plan to help change that and get, officials say, a nearly thirty percent cut on property taxes for most Detroit homeowners (and a huge increase on people who own undeveloped vacant land: speculators, downtown parking lots, scrap yard owners, and more). On your Daily Detroit for Thursday, June 1, 2023 - we’re going to dig in to it with someone who is going to know the ins and outs better than anyone I could think of - Jay Rising, the CFO for the city of Detroit. Here’s the full proposal if you want to take a look for yourself: https://detroitmi.gov/departments/office-chief-financial-officer/land-value-tax-plan  These high tax rates are something that discourages people and families from buying and building in the city; and means that many companies just won’t give Detroit a look for locating here. This plan would put Detroit, as far as property taxes, in the midd