Downtown condo owners upset about end of tax-free living (MI)
More than a decade ago, city leaders designated Union Square Condos and adjacent properties as a “neighborhood enterprise zone” in hopes that the school-turned-housing would rejuvenate the area. To get people to move in, the city offered a state-authorized waiver of most property taxes for 12 years. Since then, Brian VanEe has paid a pittance in property tax on a condo he bought in 2006 for $357,000. And he figured his bill would stay that way for the duration of his 12-year tax certificate through 2018. Read the article………..