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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionCity of Grand Rapids
Jurisdiction type: Municipality
Fiscal year ending In2022
Program namePayment in Lieu of Taxes
Program purpose: Affordable Housing
Statutory authority: Public Act 346 of 1966, as amended, MCL S125.1415a et seq ., and local ordinance (Article 5, Chapter 9 of the City Code).
Abating jurisdiction(s): Grand Rapids
Applicable taxesReal Property Tax
Method of abatement: Tax Exemption
Provisions for recapture: Ad valorem property taxes may be assessed if the property owner is not current with all taxes and assessments on the subject property and/or does not submit to the city assessor an audited financial statement for each calendar year.
Gross revenue loss: $1,099,521
Reimbursement / offset: $0
Net revenue loss: $1,099,521
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.grandrapidsmi.gov/Government/Departments/Office-of-the-City-...