Mayor Duggan to Unveil Sweeping New Tax Proposal at Mackinac Policy Conference

Detroit Mayor Mike Duggan will reveal a sweeping new tax proposal during his keynote address at the Mackinac Policy Conference on Wednesday, May 31. Coined the Land Value Tax Plan, the proposal is an innovative approach to fixing Michigan’s broken property tax system that would bring much-needed relief to homeowners and most businesses while making owners of blighted and vacant properties pay their fair share.
Under the Mayor’s proposed Land Value Tax Plan, cities like Detroit would have the ability to
increase taxes on land while reducing taxes on homes and structures. It applies to every neighborhood, requires no application and never expires. If approved by the Michigan Legislature, the Land Value Tax Plan will provide long overdue relief to homeowners who’ve been struggling under the burden of high taxes for decades, encourage growth and hold land speculators accountable.

[@pancen2799]

This is amazing. This is how the LVT should be sold!

[@JoseTwitterFan]

Henry George would be proud.

[@jeffw82]

This is huge! I sure hope this gets implemented and can stand as a shining example of how cities across the county and world can revitalize their cities, increase production, and make housing more affordable. Wishing you all the best Detroit & Mayor Duggan.

[@phokas260]

Based henry george

[@UberOtaku001]

Henry George will rise again!

[@shane_rm1025]

Detroit, YIMBY city!

[@sooh33]

If this pans out and transforms Detroit into a shining city in 10 years, Duggan has earned himself a place in the history of public finance and economics. Godspeed man.

[@wildfire9280]

We can hope for a repeat of Allentown, among a few others in Pennsylvania.

[@kenjaminyang]

We need more bold leaders like this who support taxing land instead of homes and jobs

[@JoseTwitterFan]

Finally! Someone who acknowledges the conventional property tax system is flawed and that it must be overhauled with one based on immovable land. Speculative land hoarders who do nothing with their parcels while letting whatever's on it as well as the whole city to rot should never get a free ride off the backs of renters and homeowners who are paying thousands more every month.

[@michaelanthonyvideos]

👍

[@loscanty]

I see the vision

[@michaelanthonyvideos]

Now we just need lower car insurance rates.

[@daughterofgod3829]

I as well

[@jamiephelps875]

Fantastic!!!

[@daughterofgod3829]

THAT'S MY MAYOR!!! I also have worked for S3 which is an amazing staffing agency! Kudos to both!

[@michaelanthonyvideos]

👍

[@matthewbeat]

This is amazing

[@magicjuand]

I think hes absolutely right about everything except the end where he says that it cant work for most cities. It wont work *the same way* for other cities, in the sense that, if a city's land value is higher, a lot more people would be paying more taxes. That makes it more complex to pull off. However, that doesnt mean that they arent dealing with problems involving underdevelopment because people make more money holding land and letting it increase in value for collateral or sale than they would in building on it. A land value tax in places with higher land values has to take into account owner-occupiers of single family homes and potentially only applying the tax change after the land is sold, but the added difficulty is still worth it. The housing deficit across the country (the world?) would be greatly diminished if we could accomplish such a tax structure in more places.

[@kimc4832]

It won’t work for most cities because most cities aren’t experience land and vacant building hoarders. All that would happen is municipalities would lose even more revenue when many haven’t even recovered the revenue from before the market crashed in 2008. Plus the state has completely gutted revenue sharing so most cities are barely scrapping by and are understaffed by people working people with non-competitive wages.

[@michaelanthonyvideos]

Auto insurance rates should be next.

[@daughterofgod3829]

They have actually went down significantly

[@kerplop2263]

thank you for not being kwame