Detroit's property tax system is broken. Could a split rate help fix it? w/ Matthew X. Roling
Detroit is only second to New York City when it comes to overall tax burden, according to some estimates.
And when it comes to property taxes, due to the systems of incentives, breaks, Neighborhood Enterprise Zones and other financial tools, it's very possible a loft downtown with a higher value can have a far lower tax rate than a neighborhood house.
Matthew X. Roling shares with us on this episode of the Daily Detroit podcast how he thinks a split rate property tax system would slow down land speculators, lower tax bills for actual homeowners, and encourage development without doing massive…
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