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.
| State: | Michigan |
| Effected Jurisdiction: | City of Southfield |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Industrial Facilities Tax (IFT) |
| Program purpose: | General Economic Development |
| Statutory authority: | Public Act 198 of 1974 |
| Abating jurisdiction(s): | City of Southfield |
| Applicable taxes: | Property Tax |
| Method of abatement: | Reduction in millage rate |
| Provisions for recapture: | Abatement may be eliminated if taxes are not paid timely. |
| Gross revenue loss: | $219,054 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $219,054 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.cityofsouthfield.com/sites/default/files/2023-01/2021-2022%2... |
