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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 Southfield
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameIndustrial Facilities Tax (IFT)
Program purpose: General Economic Development
Statutory authority: Public Act 198 of 1974
Abating jurisdiction(s): City of Southfield
Applicable taxesProperty 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 sourcehttps://www.cityofsouthfield.com/sites/default/files/2023-01/2021-2022%2...