Detroit's Land Value Tax proposal, explained (ft. Jay Rising)
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…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.