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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 hit to Michigan property tax bills has been staggering in recent years. The inflation rate adjustment for property taxes in Michigan was 3.3% in 2022 — less than a maximum 5% allowed but the ...
The number of Detroiters who own the homes they live in rose last year, new data from the U.S. Census Bureau shows. The share of owner-occupied housing units in Detroit increased to 54% last year ...
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The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
Metro Detroit is a major metropolitan area in the U.S. state of Michigan, consisting of the city of Detroit and over 200 municipalities in the surrounding area. [2] There are varied definitions of the area, including the official statistical areas designated by the Office of Management and Budget, a federal agency of the United States.
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