Patterson Pushes Tax Relief for Businesses in Construction ZonesAuthor/Presenter: Crumm, Charles
Recent construction on Telegraph Road in Oakland County, Michigan, has caused great concern among business owners operating near the construction area. In order to help businesses stay in business during construction time, Oakland County Executive L. Brooks Patterson proposed a legislation to allow for up to a 50 percent property tax reduction for businesses affected by road construction. Business owners on Telegraph Road welcome property tax relief in the form of property tax abatement. But many local governments are weary of their capability to afford tax abatements at this time. If abatement is not awarded, many business owners in the area may need to rethink their advertisement strategies in order to draw customers into their stores.