Detroit mayor announces plan to reduce property taxes for homeowners by 30%

It’s a plan he says will reduce property taxes for Detroit homeowners by 30%.

Mayor Mike Duggan says it’s time for the city to change how it taxes its residents and businesses.

Duggan talked about the new approach in a speech that he gave Wednesday (May 31) at the Mackinac Policy Conference.

It’s called “A Land Value Tax Plan,” and it places less of a burden on homeowners and more on owners of vacant land.

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