The total number of tax delinquent parcels and the total value of delinquent parcels continued to decline in 2017, the year in which a Foundation for Excellence-funded property tax reduction took effect.
The total number of tax delinquent parcels in the City of Kalamazoo decreased from 3,296 in 2016 to 2,938 in 2017. The total value of delinquent taxes decreased from $4,798,276 to $3,663,053. These latest figures mark the continuation of a positive trend that has seen numbers steadily improving as the community recovers from the Great Recession.
“It’s great to see these numbers keep moving in the right direction, but we are only just starting to see the effects this property tax reduction and the Foundation for Excellence will have in our community,” noted Kalamazoo Mayor Bobby J. Hopewell. “People and businesses are excited to move into the city and we are seeing that reflected in our local real estate market as well as the number of economic development projects currently underway.”
“The total amount of delinquent taxes and foreclosures continue to decrease in the city which is encouraging” noted Kalamazoo County Treasurer Mary Balkema. “It is our goal to have a stable tax base and to have our hard working families grow wealth and income. The millage reduction has had a direct impact on residents paying their taxes current. As we continue to invest in our housing stock and infrastructure, we will continue to see positive results.”
In 2017, the Kalamazoo City Commission approved an agreement with Kalamazoo-area philanthropists to create the Foundation for Excellence, a public-private partnership that will provide funding to reduce property taxes, make aspirational investments in the City, and work to eliminate generational poverty. As a result, the City of Kalamazoo Operating Millage was reduced from 19.2705 To 12 mills starting in 2017. This decrease applies to all individuals and businesses that are subject to City property taxes, regardless of their income level, and is intended to be permanent.