I’m not a property owner, I rent… Why should I care about this?

Property taxes are a significant expense for property owners, including landlords who own rental properties. These taxes are then passed on to the renters in the form of higher rent prices. Therefore, when property taxes increase, landlords need to raise rent to cover these additional costs.

Furthermore, eliminating property taxes will encourage more investment in rental properties, leading to a greater supply of rental housing. This will help stabilize and reduce rent. And if that isn’t enough – eliminating property taxes will stimulate economic activity by increasing disposable income for property owners and renters both, which would lead to increased spending and investment in other areas of the economy.

We’ll leave you with this: Eliminating property taxes would make Michigan more irresistibly attractive to both residents and businesses. For residents, it would mean more affordable housing options [YOU could become a homeowner!].

For businesses, it would mean lower operating costs if they own property, which would lead to job creation, lower prices and economic growth.