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Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...
The city of Detroit is split into seven council districts. The Detroit Demolition Program targeted all of these districts. Each region had between 1,500-3,000 demolitions. [9] [10] These demolitions were contracted to numerous companies with $90 million [7] [8] going to businesses that started up in Detroit. Most of these funds come from a ...
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 ...
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Eligible homeowners have until Dec. 11 to sign up for a 2023 poverty tax exemption and see a reduction in their property taxes.
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