Property Tax Reduction through NEZ Homestead

Did you know homes within the University District are potentially eligible for a reduction in their property taxes through the NEZ (Neighborhood Enterprise Zone) Homestead? If approved, the tax reduction lasts for 15 years and typically results in 15-20% savings for homeowners.

To be Eligible:

  • You must have purchased your home after December 31, 1996.
  • You must both own and occupy your home as your primary residence. The deed or land contract must be in your name, you must have a Property Transfer Affidavit (PTA) and Principal Residence Exemption (PRE) on file with the Office of the Assessor.
  • You must commit to a minimum of $500 in repairs/improvements to your home over a two-year period.

To Apply:

Fill out the Neighborhood Enterprise Zone Homestead application on the City of Detroit website.

About the Process:

  • Once your application is submitted, the Office of the Assessor should reach out within 4-6 weeks.
  • For questions or updates on your application, you can either reach out by email at, or visit the Office of the Assessor (recommended):
    • Coleman A. Young Municipal Center
    • 2 Woodward Avenue – Suite 804
    • Detroit, MI 48226
  • If you are approved and your property taxes are managed with your mortgage company through an escrow account, you will most likely need to provide them with documentation that shows your updated property tax figures for them to change your payment information. This documentation can be obtained from the city Treasury Department. Reach out at, or 313-224-3560. Alternatively, you can wait for the next time your escrow account is analyzed, which occurs annually.

Visit the City of Detroit website to get started.