City and Wayne County officials want to wipe away portions of property tax debt for thousands of poor homeowners as part of a new proposal announced Wednesday.
Those who qualify for the program "Pay as You Stay" would get interest and fees eliminated. And the remainder of their debt would be capped at 10 percent of their home's taxable value. The owners who qualify would have to pay the bill within three years with no interest charges.
The changes need to be approved in Lansing, and legislation could be introduced as early as this week by state Rep. Wendell Byrd, D-Detroit. It is designed particularly to help Detroiters stay in their homes, but it's anticipated that any homeowner in the county who qualifies for a property tax exemption could see the debt relief.