CITY OF STURGIS
130 N. Nottawa
Sturgis MI 49091
269.651.2321
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You are here: Departments
> Development Services >
Economic Development
TAX ABATEMENTS
INDUSTRIAL PROPERTY,
TAX ABATEMENT
Property tax incentives are available to eligible businesses to
renovate or expand aging manufacturing plants or to build
new plants. They can reduce property taxes (real and personal)
for up to 12 years. For an obsolete plant or machinery
that is being replaced or restored this results in a 100%
exemption from the property tax on the value of the improvement.
For a new plant, the local unit of government is able
to reduce the local millage by half, and the Michigan
Economic Development Corporation is able to abate the
6-mill statewide education tax.
PERSONAL PROPERTY, TAX ABATEMENT
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| Dept.
of Economic Developement |
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A 1998 state law allows eligible distressed communities to abate
all new personal property taxes in certain geographic areas
to spur economic development. Abatements include all millage,
state and local. Eligible projects include manufacturing, mining,
research and development, wholesale and trade, and office operations,
but not retail businesses.
Information from Michigan Economic Develoment Corporation. Other
Business
Incentives
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