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Eligible homeowners have until Dec. 11 to sign up for a 2023 poverty tax exemption and see a reduction in their property taxes.
As many of 300 more Detroiters can apply for the next round of a down payment assistance program providing up to $25,000 to help purchase a home.
A Detroit program providing up to $25,000 in down payment help serves as a model for Vice President Kamala Harris' national plan, Detroit mayor says.
In addition to property tax, the city levies an income tax of 2.4% on residents, 1.2% on non-residents, and 2.0% on corporations since 2013. [17] Revenue is also obtained from utility taxes, hotel excises and from the Detroit-owned Water and Sewer system that provides most of the fresh water and sewage treatment facilities within the ...
The Detroit Economic Growth Corporation (DEGC) manages major economic development initiatives on behalf of the City of Detroit, including transforming the East Riverfront District, developing the I-94 Industrial Park, managing the Lower Woodward Improvement Program, and creating the Paradise Valley Cultural and Entertainment District.
The complication of applying tax codes and the risk of being taken advantage of by paid tax preparation services is diminished with the presence of over 4,000 nation-wide VITA sites. One of the focal points of VITA is raising taxpayer awareness and receipt of the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC).
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