Discuss Detroit Archives - Beginning January 2006 Detroit Neighborhood Enterprise Zone Act Previous Next
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321brian
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Username: 321brian

Post Number: 148
Registered: 02-2006
Posted From: 68.62.6.147
Posted on Sunday, May 21, 2006 - 8:51 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

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
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Imperfectly
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Username: Imperfectly

Post Number: 110
Registered: 06-2004
Posted From: 69.14.162.54
Posted on Sunday, May 21, 2006 - 10:53 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

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.
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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: Edit PostDelete PostMove Post (Moderator/Admin Only)

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.

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