Detroit is exploring whether to alter its tax system to focus on land rather than buildings. Crain’s Detroit Business covered the policy. Christopher Berry, the Director of the Mansueto Institute for Urban Innovation, shared about the potential effects of this legislation. He explained that a land value tax can be a way to push for people holding land to develop or sell it. “Detroit is in a moment where it needs bold ideas, and this is one,” Berry said. “If you really believe the city is poised now for its resurgence, if you believe the economic fundamentals indicate the city is poised for a comeback, this is good policy.”
Professor Berry Comments on Detroit Land Value Tax
