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Detroit homeowners overtaxed $600 million

11-1-2020 < Blacklisted News 6 82 words
 
<i>Image Source: <a href='https://www.flickr.com/photos/donkeyhotey/6262484026/in/photostream/'>DonkeyHotey</a></i>
Image Source: DonkeyHotey



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.


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