 
321brian
Member
Username: 321brian
Post Number: 148
Registered: 02-2006
Posted From: 68.62.6.147
| | Posted on Sunday, May 21, 2006 - 8:51 pm: |    |
Can someone please tell me were I can learn more about this?
What neighborhoods are eligible?
What are the tax breaks?
How long do they last?
Things like that.
Thanks |
Imperfectly
Member
Username: Imperfectly
Post Number: 110
Registered: 06-2004
Posted From: 69.14.162.54
| | Posted on Sunday, May 21, 2006 - 10:53 pm: | |
I can give you a few details-
I am buying a loft on Canfield - taxes are about 300 bucks a year...for 12 years.
I think a search on NEZ in Detroit would probably give you some locations. |
Jt1
Member
Username: Jt1
Post Number: 7435
Registered: 10-2003
Posted From: 216.203.223.98
| | Posted on Sunday, May 21, 2006 - 11:16 pm: | |
Depends. New build will be NEZ (56% reduced - comes out to more). Historic are cheaper since it is taxed upon the pre-rehabbed appraisal and split between number of unts like the 300 above.
The stuff KK got passed is for existing neighborhoods and will be, I believe a 12-15 mill reduction and neighborhoods will be rolled in. |