New Land Value Tax proposal unveiled by Mayor Duggan, Rep. Young

Detroit homeowners on average would see a 17% reduction in their property taxes under a new Land Value Tax proposal unveiled by Mayor Mike Duggan and State Rep. Stephanie A. Young today in the city’s Rosedale Park neighborhood.
Under legislation being introduced in the coming days by Rep. Young, 97% of homeowners will get an average 17% permanent property tax cut starting in 2025, if Detroit voters approve the proposal next year. The legislation guarantees that Detroit homeowners would not get a tax increase under the Land Value Tax plan.
Property taxes on improvements would be slashed by 14 mills, bringing Detroit’s tax rates in line with neighboring communities such as Southfield, Ferndale, Warren, and the Grosse Pointes.
Taxes on land would more than double, from 85 mills to 189 mills, so that owners abandoned buildings, vacant land, and underbuilt property will pay their fair share. Details of the LVT can be found by clicking the link below:
detroitmi.gov/departments/off...

[@iammrbeat]

Henry George was right

[@sugondee920]

mr breast give me money

[@colvinvandommelen2156]

You are the person who got me interested in the land value tax and I’m so happy as a Michigan native to see Detroit get the chance to go down this path

[@kenjaminyang]

tax soil, not toil.

[@Chill_philosophy]

I think this could be really i think if it turns out to work well we can look at doing it to the whole country

[@bradsworld565]

Did it pass?