State Lawmakers Move to Cut Detroit Property Taxes

By: Associated Press
By: Associated Press

A Michigan House committee has unanimously approved legislation to let Detroit and other cities cut property tax rates on homes in designated neighborhoods.

Detroit Mayor Kwame Kilpatrick testified in support of the bills at Wednesday's hearing and argued they would help stop the exodus of residents from the state's largest city.

The 1992 Neighborhood Enterprise Zone Act allows tax abatements for new construction, condominiums and rehabilitated housing.

The legislation would amend the law to include tax breaks for 15 percent of existing homes in a municipality.

The bills now go to the full House.

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