Detroit homeowners overtaxed $600 million


 

These people made it through the Great Recession but may still lose their homes.

(From The Detroit News)

Detroit overtaxed homeowners by at least $600 million after it failed to accurately bring down property values in the years following the Great Recession, according to an investigation by The Detroit News.

City Hall completed a state-ordered reappraisal of every residential property in 2017 to correct the problem, but the pain of its past mistakes remains with thousands who today face foreclosure over back taxes.


Reprinted from: https://www.ac2news.com/2020/01/detroit-homeowners-overtaxed-600-million/

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