Great link to the Mayor's Corner for the City of Ypsilanti addressing the discussion to place a City Income Tax
on the November 2007 ballot for vote and just exactly what it is needed for.
The proposal is calling for a 1% tax on residents of the City and an 1/2% tax on non-residents who work in the City of Ypsilanti. This does not affect Ypsilanti Township residents, which is the majority of the population within the designation of "Ypsilanti". One thing this tax will do is to generate some income from the staff at Eastern Michigan University that work, but do not reside in the City.
Only time will tell how this develops and the City's Website should have current facts as this progresses.
Tags: Attorney, Christopher Sevick, Estate Plan, Real Estate, Trust, Will, Ypsilanti, www.SevickLaw.com, Ann Arbor, www.MIEstatePlanBlog.com, www.MIRealEstateBlog.com, Washtenaw, Michigan
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Canton, MI just
Good news for the local tax base, but poor news for Ann Arbor's already slow rental market.
It seems that more & more foreclosure sites just keep popping up to help potential buyers find the homes. With more foreclosures coming on the market and often good deals on them.
credit card for less than full value. The following year they received or should have received a 1099 making the forgiven portion income.
payments seem to jump up $300-$500 seemingly overnight.