Home Buying in 48221>Question Details

Chris, Home Buyer in Royal Oak, MI

What is the NEZ tax reduction rate applicable to Sherwood Forest? 18% 30% or somewhere in between?

Asked by Chris, Royal Oak, MI Sun Dec 9, 2007

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The NEZ cuts the operating mills for the county and city by 50% for 15 years. City 19.8 cut to 10. County 9.5 cut to 5. Total mills reduced from 64 to 49/50mills for county and city for owner occupied property purchased 1997 to the present.
0 votes Thank Flag Link Mon Feb 16, 2009
Chris, I was unable to find the actual rate. Range is from 18 to 35 percent per press release. October 1st was the last date to apply this year.

All neighborhoods http://www.ci.detroit.mi.us/finaccessors/nez.htm
0 votes Thank Flag Link Sun Dec 9, 2007
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