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This text is part of the larger publication:
Regional Economic Development: Downriver as a Case Study

Recommendation

Downriver, like Detroit, could improve its economic climate by reducing its property tax burden which acts as a disincentive to economic development. Local property taxes must be reduced if Downriver is to compete with areas like northwestern Wayne and Oakland counties. Firms are discouraged from locating Downriver because they must pay as much as 4.2 percent of their property value annually in taxes. This situation must be reversed.

This text is part of the larger publication:
Regional Economic Development: Downriver as a Case Study
Publication: Study
SKU: S1989-03