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 or Territory: | Michigan |
| Effected Jurisdiction: | City of Grand Rapids |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2020 |
| Program name: | Payment 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 taxes: | Real Property Tax |
| Method of abatement: | Tax Exemption |
| Provisions for recapture: | Property Tax Property Tax 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: | $945,804 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $945,804 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.grandrapidsmi.gov/Government/Departments/Office-of-the-City-... |
