June 9, 2023
Reducing property taxes and increasing the city’s population are two issues that recently made headlines in Detroit after the Detroit Regional Chamber’s 2023 Mackinac Policy Conference. Mayor Mike Duggan outlined his proposed changes to the city’s property tax system at the annual conference. And, he’s also challenging the latest federal census data on the city’s population decline.
Duggan’s proposed tax reform, which would need approval by the state legislative bodies to be enacted, would give the City of Detroit and other Michigan municipalities the opportunity to vote on a new way to implement property taxes to benefit residents, spur development, and cut down on land speculation. Specifically, Duggan’s new Land Value Tax plan would cut building taxes by 30% and triple land taxes. It would be the first change to Detroit’s property tax code in 50 years.
BridgeDetroit reporter Malachi Barrett covered Duggan’s keynote address at the conference, where he announced these plans. He joins One Detroit producer Will Glover to outline Duggan’s proposed property tax changes. Plus, they talk about the factors that are influencing many Detroiters to move out of the city and how the Detroit region will play a leading role in the state’s revitalization efforts.