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Mayor Mike Duggan said Monday that every residential neighborhood in the city saw home values increase in the past two years.
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The program is called the Homeowners Property Exemption, or HOPE for short. It allows low-income Detroit households that own and live in their home to pay reduced property taxes, or in some cases no taxes at all.
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The idea is known as a land value tax, or split-rate tax. It would drastically cut tax rates on structures, while more than doubling them on land. Duggan said that would give the vast majority of Detroit homeowners a tax cut.
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The plan would tax land and buildings at different rates. Duggan is proposing a 30% tax cut on structures and a 300% increase on land.
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The Coalition for Property Tax Justice said Attorney General Dana Nessel told them she would issue a legal opinion on whether the city can compensate some homeowners in cash or with property tax credits. The Coalition said that’s the appropriate way to redress historical property over-assessments that led to over-taxation, which helped fuel a wave of tax foreclosures in Detroit.
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The Coalition for Property Tax Justice says data show Detroit continues to systematically over-assess and over-tax some homes—a claim Mayor Mike Duggan’s administration vigorously denies.
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The average value of a Detroit home rose more than 30% in the past year. It’s up more than 60% since 2018.
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Detroit is the most segregated city in America, according to a new study from the Othering and Belonging Institute at the University of…
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A federal judge dismissed a class action lawsuit against the city of Detroit, Wayne County, and the state of Michigan over inflated property tax…
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The city of Detroit is offering assistance to people applying for a property tax exemption at the TCF Center this week.Detroit offers full and partial…