Ypsilanti has the highest property taxes in the county, and one of the highest in the state. Currently, it collects 62 mills for homeowners and over 80 mills for non-homestead and business properties. Based on future expected increases in pension costs, City Council predicts the latter to climb as high as 95.2 mills by 2017, if the new property tax is adopted. That is $9,500 in annual taxes per $100,000 of taxable value. By comparison, Ann Arbor is 46 mills for residential homes and 64 mills for businesses.
The proposed City Income Tax would just be frosting on a very sad cake.