Plan to lower Detroit's high property taxes gains steam (ft. Nick Allen)
Long time listeners might remember the words split property taxes.
The idea being - the city of Detroit's tax burden is only second only to New York City.
But, I don't know if you've looked around. We don't have the household incomes, the commerce, or the number of people to support that.
We were closer to that many decades ago. But no more.
So the idea is to change the code to make it so land speculators and others would get punished, and those who are taking care of and improving their land get rewarded.
Now that the city of Detroit has a better handle of its finances and we're not…
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