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MI
Ypsilanti Commercial Rehabilitation Exemption Certificate
Ypsilanti may freeze taxable value for qualifying rehabilitated commercial facilities in designated districts for 1 to 10 years.
About this program
The City of Ypsilanti can provide Commercial Rehabilitation Exemption Certificates under Michigan Public Act 210 for owners of certain rehabilitated commercial facilities in designated districts. The incentive freezes the pre-rehabilitated taxable value for 1 to 10 years, helping offset the cost of rehabilitating eligible commercial or multifamily properties.
Eligibility
Owners of qualifying commercial or multifamily buildings in eligible Ypsilanti commercial rehabilitation districts may apply for City Council consideration.
Requirements
- Property must be in a qualifying Commercial Rehabilitation District or applicant must petition City Council to create one.
- Building must meet eligibility criteria for a rehabilitated commercial facility under Michigan Public Act 210.
- Applicant must be current on property taxes, have no liens, have no outstanding fines, and comply with City codes.