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Politics & Government

What the "dark store" approach to valuing properties means for communities

dictionary definition of tax
Flickr user Alan Cleaver/Flickr
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The so-called "dark store" approach to valuing property — an approach which allows stores to base their property taxes on the stores that have closed around them — has allowed big box stores in Michigan to cut their taxes by at least $100 million. It has left communities around the state struggling to find the money they need to pay for municipal services.

 

Some politicians, including state Rep. David Maturen, R-Vicksburg, hopes to close the dark store tax loophole with bipartisan legislation, House Bill 5578.

 

Listen to the interview below to hear why Rep. Maturen hopes to close the "dark store" loophole.