On the Nov. 7 ballot, East Lansing City Council is proposing to lower the current property tax rate of 17.56 mills to 13 mills.
The property tax proposal comes after proposal A on the Nov. 7 ballot, calling for an income tax increase for residents and non-residents of East Lansing. If the income tax proposal approved, then the property tax option would be available.
Mayor Mark Meadows said that the property tax reduction proposal is moving East Lansing in the right direction.
The City Council “has wanted to lower property taxes for a long time. We’re the fifth highest property tax in the state.” said Meadows.
The current millage rate in East Lansing is 17.56 mills. If both proposals were to pass, the property tax would be automatically reduced to 13 mills. Meadows said, however, that the City Council is trying to authorize an even lower rate of 12.56 mills. The city’s goal is to try to drop the millage rate by a whole five points.
For example, according to Zillow, the median home value in East Lansing is $181,100. Therefore, a home with that value and a 17.56 millage rate would pay $1,590.06 per year in property taxes. If both proposals were to pass, the new millage rate of 13 would lower the annual property tax to $1,177.15, equaling $412.91 in savings.
To calculate your property tax after the proposal, if it were to be passed, go to the Taxpayer Impact Calculator provided by the City of East Lansing.
Some East Lansing residents, however, do not see the tax proposals as a progressive step. Wanda Edwards, a retired university employee, said that both proposals would be a detriment to the community. This is because the two proposals go off of each other, they are not two separate votes. If the income tax proposal is passed, then the property tax reduction would be available.
Christopher Stump, 32, also said the new proposal won’t help the people who live here:
“It’s instead going to help big companies like DTN buy more property… making it harder for students because if property taxes are lower then the renters are the ones going to make more money.”
Mike Quilliam, an East Lansing resident and retiree, likes both proposals because he won’t have to pay the new income tax but will receive the benefits in the property tax reduction:
“I’ve talked to two politicians that have come to my house already, so I’m interested and looking forward to finding out more.”
For more information about the property tax and income tax proposals on the Nov. 7 ballot, visit The City of East Lansing Income Tax & Property Tax Reduction page.