Web15 hours ago · For Sale: 3 beds, 2.5 baths ∙ 1585 sq. ft. ∙ 3408 Cochrane St #1, Detroit, MI 48208 ∙ $480,000 ∙ MLS# 20241034293 ∙ OFFERING A $7,000 FREE UPGRADE INCENTIVE … WebOct 20, 2016 · As the projected property value grows at the assumed rated, the incremental AV grows too. The incremental real property tax revenue is simply the incremental AV multiplied by the total levy rate. In Year 1: $2,625,000 x 6.9% = $181,125. The annual real property increment is then totaled for the TIF’s term.
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