There is a reason why people and businesses from all over the world find their way to Novi - the 32-square-mile gem in Southeast Michigan is buzzing with activity.
With one of the lowest property tax rates in Michigan, Novi presents a competitive platform for attracting and retaining companies. In 2022, the City’s taxable value reached $4.5 billion, defining Novi as one of Oakland County’s top cities based on taxable value. Its balanced tax base and low debt allow it to remain at the forefront of evolving technology and services, including a top-performing, accredited police department and park system.
To learn more about business in Novi, view the 2022 Economic Development Annual Report.