City officials expect to generate about $4 million through the effort, part of Bing's strategy to generate an additional $50 million for the cash-strapped city in 2013, the Detroit News reported Wednesday.
People and organizations with outstanding tax balances from 2011 and from prior years are eligible, the mayor's office said.
The program will begin Jan. 22 and run through Feb. 22, the Detroit Free Press said.
Susan Sarandon 'very excited' about daughter's pregnancy
Teacher apologizes for showing sexual image of herself in class