Neighborhood Enterprise Zone (NEZ)
NEIGHBORHOOD ENTERPRISE ZONE
The State of Michigan enables certain communities to establish a Neighborhood Enterprise Zone (NEZ) or Zones to spur
the development and rehabilitation of residential housing. Within a Zone, properties with NEZ Certificates approved by City
Council will essentially have the property taxes frozen for between 6 and 12 years. Certificates for qualified historic buildings
can have property taxes frozen for 11 to 17 years. The City will consider a NEZ in order to promote neighborhood
revitalization and to encourage owner-occupied housing and new investment.