4 ms·
Since Detroit's population has been declining, from 1.5 million to under 700k, revenue will keep falling. What would they do if they lost more people? Increas
by segmondy 3y ago
Since Detroit's population has been declining, from 1.5 million to under 700k, revenue will keep falling. What would they do if they lost more people? Increase taxes?
- Gigachad 3y agoThe city sets a budget first, then calculates the value of all land being managed, and sets a tax per land value dollar that matches their budget. The actual value of the land doesn’t matter at all, only the relative value between properties.