The Neighborhood Enterprise Zone (NEZ) tax abatement has helped many people afford to purchase a home in the City of Detroit over the last two decades by offering reduced property taxes. But the abatement is about to expire for many: in 2020 and 2021 there will be more than 25% of existing NEZ certificates expiring (see graph).
Property owners, there is no need to panic or sell in a rush. There are options for you. Buyers, find out what & when to buy (or not to buy) to keep the abatement benefits.
Our team of agents has been thoroughly trained to assess your NEZ situation and guide you through this complex situation.
Call or text 313-329.6509 to speak with our NEZ expert.