Plan to lower Detroit's high property taxes gains steam (ft. Nick Allen)

Long time listeners might remember the words split property taxes.

The idea being - the city of Detroit's tax burden is only second only to New York City.

But, I don't know if you've looked around. We don't have the household incomes, the commerce, or the number of people to support that.

We were closer to that many decades ago. But no more.

So the idea is to change the code to make it so land speculators and others would get punished, and those who are taking care of and improving their land get rewarded.

Now that the city of Detroit has a better handle of its finances and we're not immediately after bankruptcy, maybe it's time for the city leaders to look to the future.

What could we do different to truly become more resident-friendly and more competitive for businesses of all sizes? What if we could change the system so there were fewer foreclosures and more people stay in their homes?

When we talked about this last, it was more theoretical.

Now, there's a new report by the Lincoln Institute of Land Policy and commissioned by some local big hitters in Invest Detroit and the Kresge Foundation.

That, if you're paying attention, is major local interest in the topic.

Nick Allen, an author of the report, joins us to discuss it.

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