SHARE THIS ARTICLE

Detroit's Big Three automakers are taking aggressive steps to slash their property taxes in Michigan, a move that could save the ailing automakers tens of millions of dollars.

But for financially strapped communities, the fear of losing desperately needed tax revenue from one or more of their largest taxpayers already has prompted some to play it safe by cutting local services and work forces.

Michigan is ground zero for General Motors Corp.'s nationwide review of the millions it pays to various communities in property taxes, including personal property tax on equipment, and GM is seeking deep relief.

Records show the bankrupt automaker has sought to reduce its taxes by as much as 80 percent in many cases.

AutoSpies.com Photo Galleries

If you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com

Share on Facebook



Read Article


As If They Haven't Asked For Enough? Detroit 3 Now Asking For Property Tax Relief

About the Author

Agent009

User Comments

SteedPub
veyron1001
LexSucks

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]