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The Detroit Land Bank Authority [1] is a public authority that owns and manages approximately 100,000 parcels of property in the city of Detroit, making it the city's largest landowner. [ 2 ] Occasionally framed as a quasi-governmental entity , the Detroit Land Bank operates a number of programs to reduce the number of Detroit properties that ...
In 2023, Mayor Mike Duggan proposed a plan to tax land and buildings at different rates within the City of Detroit. The proposal, if passed, would raise tax rates on land by 300%, while lowering tax rates on buildings by 30%. [29]
In addition to property tax, the city levies an income tax of 2.4% on residents, 1.2% on non-residents, and 2.0% on corporations since 2013. [17] Revenue is also obtained from utility taxes, hotel excises and from the Detroit-owned Water and Sewer system that provides most of the fresh water and sewage treatment facilities within the ...
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The deadline for a program that can help Detroiters avoid property tax foreclosure is Nov. 1 this year. Here is what to know. Detroit property tax relief program deadline moved up to Nov. 1.
Map of the United States with Michigan highlighted. Michigan is a state located in the Midwest region of the United States. According to the 2020 United States Census, Michigan is the 10th most populous state with 10,077,331 inhabitants and the 22nd largest by land area spanning 56,538.90 square miles (146,435.1 km 2) of land. [1]
By KATE ROGERS Detroit made history Thursday as the largest American city in history to ever file for Chapter 9 bankruptcy protection. The once vibrant city rooted in auto manufacturing and music ...
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