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Detroit's Land Value Tax proposal, explained (ft. Jay Rising)

It’s not news that the city of Detroit has one of highest tax rates in metro Detroit, Michigan and the country. What is news is a new land value tax plan to help change that and get, officials say, a nearly thirty percent cut on property taxes for most Detroit homeowners (and a huge increase on people who own undeveloped vacant land: speculators, downtown parking lots, scrap yard owners, and more). On your Daily Detroit for Thursday, June 1, 2023 – we’re going to dig in to it with...

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