this post was submitted on 23 Oct 2023
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Detroit

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The offical community for anyone to discover news and events happening in and around the city of Detroit, MI. Run by the mods of /r/Detroit from Reddit

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cross-posted from: https://lemmy.world/post/7209967

The Land Value Tax Plan

Detroit’s Land Value Tax Plan 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, scrapyards, and other similar properties.

If the Michigan Legislature authorizes, Detroit City Council would decide by November, 2023 whether to place the issue on the ballot. Detroit voters would decide whether to adopt the Land Value Tax at the February, 2024 Presidential primary election. Homeowners would see the full tax cut in 2025.

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