Will Detroit adopt a split-rate property tax, and if so, in what year?
44
300
Ṁ2K2025
1D
1W
1M
ALL
0.9%
Yes, in 2022
0.8%
Yes, in 2023
20%
Yes, in 2024
79%
No such policy in place on Jan 1. 2025
Detroit is considering a split-rate property tax:
This is when you tax buildings and land at different rates. This would enable shifting Detroit's property tax system closer to something like a land value tax
Your job is to guess if this will happen before Jan 1. 2025, and if so, in which year. The policy just needs to be formally and legally adopted (passed by the relevant lawmaking body) for this to resolve, even if it is not scheduled to actually be implemented until e.g. the following year.
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Looks like Dugan was pushing to get it on the February 2024 ballot, and the implicit consensus is to put it on the November 2024 ballot instead.
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