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In addition to property tax, the city levies an income tax of 2.4% on residents, 1.2% on non-residents, and 2.0% on corporations since 2013. Revenue is also obtained from utility taxes, hotel excises and from the Detroit-owned Water and Sewer system that provides most of the fresh water and sewage treatment facilities within the metropolitan ...
Detroit, the largest city in the state of Michigan, was settled in 1701 by French colonists. It is the first European settlement above tidewater in North America. [1] Founded as a New France fur trading post, it began to expand during the 19th century with U.S. settlement around the Great Lakes. By 1920, based on the booming auto industry and ...
Website. detroitmi .gov. Detroit ( / dɪˈtrɔɪt /, dih-TROYT; locally also / ˈdiːtrɔɪt /, DEE-troyt) [ 8] is the most populous city in the U.S. state of Michigan. It is the largest U.S. city on the Canadian border and the county seat of Wayne County. Detroit had a population of 639,111 at the 2020 census, [ 9] making it the 26th-most ...
City officials say since 2015 the number of owner-occupied homes lost to county tax foreclosure each year has dropped by nearly 95 percent. Detroit Taxpayer Resource Fair helps residents avoid ...
Detroit bankruptcy. Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama 's $4-billion filing in 2011. [ 1]
The city lost a great deal of tax revenue, and many neighborhoods lost valuable commercial centers and markets, contributing to a vicious cycle of disinvestment and population decline. [18] By 1980, not only did black people make up over 60% of the population, but the population of Detroit as a whole had decreased by 35% since its height in ...
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