The Land Value Tax Plan
A homeowners tax relief plan that encourages growth and reduces blight.
Detroit’s Land Value Tax Plan is a way for Detroit voters to decide whether to cut homeowners’ taxes by an average of 17% and pay for it by increasing taxes on abandoned buildings, parking lots, scrapyards, and other similar properties.
If the Michigan Legislature authorizes, Detroit City Council would decide by November, 2023 whether to place the issue on the ballot. Detroit voters would decide whether to adopt the Land Value Tax at the February, 2024 Presidential primary election. Homeowners would see the full tax cut in 2025.
State Representative Stephanie Young from Detroit is the sponsor of the Lansing legislation.
Under Detroit’s property tax system, blight is rewarded and building is punished. Detroit homeowners pay among the highest property taxes in Michigan.
Owners of abandoned buildings, scrapyards, and parking lots pay very little.
Two-Part Land Value Tax Plan
- Cut tax mills on buildings by 14 mills
- More than double taxes on land.