Ludington Welcomes New Owners of Longfellow Towers by Tripling City Taxes for Them

On Saturday, the LDN reported that the new owners of Longfellow Towers — which may experience a name change to Arbors of Ludington — may pay about $20,000 a year more for city services soon.

 

Since opening its doors in Ludington during the 1970s, the apartment building’s owner has made payments in lieu of taxes (PILT) to local governments based on rents collected instead of paying on the building’s value, said City Manager John Shay.

 

“We provide the whole range of municipal services and that (PILT) has not really gone up in several years, and the cost of providing services has gone up,” he said.

 

The owner of Longfellow Towers is currently United Church Homes of Ludington, which Shay said pays 4 percent of its rents to the city as PILT. 

 

The city council, Shay said, will consider extending the 4-percent PILT payments — which brings about $10,300 a year to the city — while adding a $20,750-a-year municipal services fee.
 
 
Who will bear the burden of this tax increase?  The new company?  Guess again.  The fixed-income elderly women and men who live in this structure will likely find their rents and fees increasing and/or their services reduced to regain the money lost to our inefficient local government. 
 
Our local property values and wages continue to go down, our local taxes and fees continue to go upIs this rational?
 

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For the record, the LDN reported this fact on the bottom of page two; on the top of page three they tell us that the city took in more money than they spent in 2009. Go figure!
The page 3 article sounds like an excellent reason not to raise taxes on our grandmas and grandpas.

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