The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Detroit circles the drain - no one pays taxes||Date: 2/21/2013 8:08 PM|
|Author: telegraph||Number: 672589 of 864393|
Detroit — Nearly half of the owners of Detroit's 305,000 properties failed to pay their tax bills last year, exacerbating a punishing cycle of declining revenues and diminished services for a city in a financial crisis, according to a Detroit News analysis of government records.
The News reviewed more than 200,000 pages of tax documents and found that 47 percent of the city's taxable parcels are delinquent on their 2011 bills. Some $246.5 million in taxes and fees went uncollected, about half of which was due Detroit and the rest to other entities, including Wayne County, Detroit Public Schools and the library.
Delinquency is so pervasive that 77 blocks had only one owner who paid taxes last year, The News found. Many of those who don't pay question why they should in a city that struggles to light its streets or keep police on them.
"Why pay taxes?" asked Fred Phillips, who owes more than $2,600 on his home on an east-side block where five owners paid 2011 taxes. "Why should I send them taxes when they aren't supplying services? It is sickening. … Every time I see the tax bill come, I think about the times we called and nobody came."
From The Detroit News: http://www.detroitnews.com/article/20130221/METRO01/30221037...
heh heh...when your house is worth $4000 , why should you be paying $1400 a year in taxes? for services that don't come? For street lights that aren't on? for police and fire who don't come?
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|